EV startup Fisker is fighting for survival
Publishing timestamp: 2024-03-08 08:00:01
Summary
Henrik Fisker, designer turned CEO, is back with a new company targeting the mass market with electric SUVs. However, the company is facing challenges with delivering cars, software problems, cash burn, and debt. There are doubts about its ability to continue as a going concern, and there are reports of seeking outside investment from Nissan. Shares are trading below $1, putting Fisker at risk of being delisted. Henrik Fisker believes the stock is undervalued due to industrywide headwinds and higher interest rates.
Sentiment: MIXED
Tickers: FSR,
Keywords: electric vehicles, video first, business news, business, autos, transportation, fisker inc, breaking news: business,
Source: https://www.cnbc.com/2024/03/08/ev-startup-fisker-is-fighting-for-survival.html