Fisker’s ride from Tesla competitor to bankruptcy By StuffsEarth

Estimated read time 2 min read

(StuffsEarth) – Fisker (OTC:) filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors (OTC:) in a tough market dominated by Tesla (NASDAQ:) 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.

Here is the list of events leading up to Fisker’s bankruptcy:

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