Connect with us

Hi, what are you looking for?

Tech News

Fisker tried to out Tesla Tesla, and now it’s bankrupt

Fisker CEO Henrik Fisker. | Photo by Frederic J. Brown / AFP via Getty Images

Earlier today, Fisker finally did what has seemed inevitable these past few turbulent months: declared bankruptcy.

“Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a statement. “After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.”

For anyone paying close attention, this isn’t that surprising. Fisker has been sounding the warning about its dwindling cash stockpile for months. It did all the things you’re supposed to do to rein in costs. It laid off over 15 percent of its workforce, s…

Continue reading…

You May Also Like

Tech News

Rufino Choque, from the Urus Indigenous community, stands over a boat in the middle of the extinct Poopó Lake, which disappeared in 2015. |...

Politics

When word first broke that Joe Biden would be sitting down with Howard Stern for a live interview Friday on his SiriusXM show, it...

Editor's Pick

Paul Best Merry Oaks Baptist Church in Chatham County, North Carolina, near the site of a new VinFast factory. North Carolina officials announced a long sought‐​after...

Tech News

It’s not the Vita comeback we were hoping for, but the Sony’s portable remote player is still a handy companion. | Photo by Antonio...

Generated by Feedzy