Fisker

After many signals suggesting that it would happen, Fisker has officially filed for bankruptcy.

A recent 8-K filing submitted by Fisker Inc. is painting a grim picture for the EV automaker’s future. The filing states that Fisker failed to pay back a loan totaling close to $3.5 million last month, lowering a potential curtain on the second iteration of the company that is staring down the barrel of potential bankruptcy.

It has been a turbulent couple of months since Fisker Inc. posted its Q4 2023 financial report and relayed concerns it could continue business in EVs. Fisker’s Austrian arm has reportedly filed for reorganization and court protection from creditors – the equivalent to Chapter 11 Bankruptcy in the US.

California-based EV startup Fisker signed a new dealer in Miami and several in Europe as it fights to turn things around. After announcing massive price cuts on its Ocean electric SUV last month, Fisker looks to grow its dealer network.

Another major blow to California-based startup Fisker, as tens of thousands of customers reportedly have canceled their EV reservations to date – which is some serious bad buzz amid a tumultuous time as the company scrambles for funding to stay alive.

Fisker Inc. is continuing a trying month of March as it claws at the hole it has found itself in, staring down the barrel of potential bankruptcy. With a potential shuttering of its doors looming, the American EV automaker is now pulling every lever to maximize revenues, including unprecedented discounts on its lone model, the Fisker Ocean.

Fisker announced that its talks with a “large automaker” for a potential investment have fallen through. Trading has been halted on Fisker stock (FSR), and NYSE is moving to delist the stock.

EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough?

Fisker has reportedly hired “restructuring advisers to assist with a possible bankruptcy filing,” according to the Wall Street Journal on Wednesday.

Update: Fisker responded with a statement, included below.

Nissan has been revealed as the potential savior of Fisker. The Japanese automaker is reportedly talking with Fisker to invest in the company and partner on electric pickup trucks.

Fisker has shared preliminary details of its Q4 and full fiscal year 2023 results, and they’re… not great. Revenue is up for the quarter, but cash on hand is dwindling, causing the American EV automaker to express “substantial doubt” about its ability to move forward. That said, Fisker Inc. has some negotiations in the works to gain more runway, including a potential deal with a large OEM.

More bad news for Californian EV startup Fisker, as it now faces a possible delisting from the New York Stock Exchange due to low stock prices for 30 consecutive days.

Fisker Inc. has announced a new EV sales strategy that remains asset-light but can help boost sales of its flagship Ocean model. This morning, Fisker shared plans to adopt a network of approximately 100 dealer partners in addition to its direct sales model.

Fisker’s’ (FSR) stock is soaring after announcing EV deliveries climbed over 300% from last quarter. The EV maker plans to accelerate its pace after delivering around 4,700 Fisker Oceans in 2023.

American EV automaker Fisker Inc. recently shared a business update, outlining several changes in the works, including leadership moves, accelerated deliveries, and potential partnerships with other OEMS. However, one less encouraging update is Fisker’s announcement it is once again lowering its production targets for the year to prioritize liquidity.

We got a chance to get up close and personal with a production-intent version of the upcoming Fisker PEAR, and it looks even better than we expected.

The Fisker Ocean has been out and about for a few months now, but most media drives have been relatively short test drives so far. But with the LA Auto Show in town, Fisker gave us an Ocean overnight to have a little unsupervised testing time with its new electric SUV.

California-based electric automaker Fisker saw its shares plummet 14% yesterday after reporting big losses and lower sales than expected. Now, the American startup expects to slash its production forecast for this year by as much as 30% of initial expectations.

As Fisker looks to hit its production stride (and annual output target) going into Q4, it’s also preparing for its 2024 model year. Beginning today, Fisker has lowered the price of its top-tier Ocean Extreme trim by $7,500 – but if you’re looking to get any other version of Ocean, best to buy now, as MSRPs are set to see some price increases when the 2024 models go on sale next month.

California-based EV startup Fisker’s (FSR) stock is trending higher Friday despite announcing plans to raise funds by offering $170 million in convertible notes.

The end of the third quarter is approaching as EV makers prepare for a crucial stretch into the end of the year. Several EV stocks, including Rivian (RIVN) and Fisker (FSR), are climbing Tuesday on optimistic delivery expectations.