Electric vehicle company Fisker’s stock plunged more than 40% in after-hours trading on Wednesday as investor concern about the company’s ability to stay in business intensified.
On Wednesday, the Wall Street Journal, citing people familiar with the matter, reported that Fisker had hired restructuring advisers to work on a potential bankruptcy filing.
Fisker declined to comment on the report, but earlier this month, the EV maker warned that it might not have enough money to survive another year.
Damn that was quick. They were getting burned on reviews for their Ocean. I would have liked to see them succeed.
Honestly not surprised given how short-lived the previous Fisker Automotive was, but I was hoping they’d do better this time around.
Damn. I’d own one if I fit in one. The seat to ceiling height is not enough for me. But I really like the Ocean.
Man one big problem I see is that I’ve never even heard of the company…
