Reported 8 months ago
EV company Fisker (FSRN) has filed for Chapter 11 bankruptcy, reporting assets between $500 million to $1 billion and liabilities ranging from $100 million to $500 million. The New York Stock Exchange (NYSE) previously delisted Fisker due to its low stock price. The competitive EV landscape and Fisker's bankruptcy are discussed by Yahoo Finance's Morning Brief team in a video segment by Luke Carberry Mogan, highlighting challenges faced by electric vehicle startups.
Source: YAHOO