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Today: April 16, 2025
Today: April 16, 2025

Fisker's ride from Tesla competitor to bankruptcy

FILE PHOTO: Fisker electric vehicles shown in California
July 01, 2024
Reuters - Reuters

(Reuters) - Fisker filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors in a tough market dominated by Tesla and Chinese automakers.

The startup had aimed to compete with Tesla's best-selling Model Y crossover with its Ocean SUV, but it failed to overcome supply chain issues, a tough funding environment and distribution hurdles that caused rapid cash burn.

Here is the list of events leading up to Fisker's bankruptcy:

Fisker's ride from Tesla competitor to bankruptcy
FILE PHOTO: Fisker electric vehicles shown in California

(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Devika Syamnath)

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