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EV startup Fisker is fighting for survival - TL;DR CNBC

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 vehiclesvideo firstbusiness newsbusinessautostransportationfisker incbreaking news: business

Source: https://www.cnbc.com/2024/03/08/ev-startup-fisker-is-fighting-for-survival.html


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