Fisker Inc. Withdraws 2024 Guidance Amid Financial Turmoil and Safety Probes

The electric vehicle maker faces a third safety investigation by the NHTSA as it explores restructuring options to address its financial and operational challenges.

Fisker Inc. faces severe financial challenges, withdrawing all 2024 guidance amid a potential bankruptcy.
The National Highway Traffic Safety Administration (NHTSA) has initiated a third safety probe into Fisker's Ocean SUV, focusing on door opening failures.
Fisker's cash reserves have significantly decreased, with the company considering various restructuring options.
Despite production cuts and price reductions, Fisker struggles to boost sales and address inventory issues.
Fisker's Ocean SUV has faced multiple safety concerns, including issues with brakes, unintended vehicle movement, and now door failures.