Fisker Faces Bankruptcy as Challenges Mount

The EV startup struggles with production, financial, and operational issues, signaling a deepening crisis.

Fisker Inc. produced only 10,193 vehicles against a projected 42,400, leading to significant financial losses.
The company announced a 15% workforce reduction, halted production for six weeks, and is seeking new financing amid delisting threats.
Internal mismanagement includes losing track of millions in customer payments and facing multiple 'material weaknesses' in financial reporting.
Fisker's flagship Ocean SUV faced production difficulties and software bugs, impacting its market performance.
The company is considering restructuring, refinancing debt, issuing new stock, and selling assets to avoid bankruptcy.