Fisker Files for Bankruptcy After String of Operational Failures

The EV startup struggled with production issues, software glitches, and financial mismanagement, leading to its second bankruptcy.

Fisker faced multiple safety investigations and recalls for its Ocean SUV.
The company failed to meet production and sales targets, cutting its workforce significantly.
Internal chaos and poor management led to significant cash burn and operational inefficiencies.
Fisker lost millions in customer payments due to lax internal procedures.
The automaker's asset-light strategy left it vulnerable during financial crises.