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crowin

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crowin

Re: None

Tuesday, 06/18/2024 11:34:03 AM

Tuesday, June 18, 2024 11:34:03 AM

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(Reuters) - Fisker(FSRN) 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.

I have been exposing SCAM stocks for over 19 years now. Battin 1000

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