Published 1 month ago

Fisker Lost Track of Millions of Dollars in Customer Payments For Months

Summary by Ground News

The troubles with Fisker started in late 2023. SEC filings show the company reported having internal accounting issues. In a few cases, it delivered vehicles without collecting any form of payment at all. The situation was so bad that one of the big four accounting firms, PwC, was brought in to sort through things and find out where the money went.

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Jalopnik

Fisker Lost Millions In Customer Payments And Had To Do An Internal Audit: Report

Fisker is in a state of disarray right now. The company continues to inch closer to bankruptcy, and the only car it sells right now, the Ocean EV, just had prices on its remaining inventoryheavily slashed as the automaker attempts to move more metal in the face of falling stock prices. What’s been going on behind the…Read more...

1 month ago

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Quartz

Struggling EV startup Fisker somehow lost millions in customer payments

Fisker is in a state of disarray right now. The company continues to inch closer to bankruptcy, and the only car it sells right now, the Ocean EV, just had prices on its remaining inventory heavily slashed as the automaker attempts to move more metal in the face of falling stock prices. What’s been going on behind the…Read more...

1 month ago·United States

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slashdot.org

Fisker Lost Track of Millions of Dollars in Customer Payments For Months

An anonymous reader shares a report: Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete, TechCrunch has learned. The EV startup was ultimately able to track down a m...

1 month ago

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