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Fisker says it’s running out of cash and the EV startup might collapse this year

Summary by Ground News
Fisker lost $463.6 million during the last three months of 2023, compared to just $200 million in revenue. CEO Henrik Fisker cited rising interest rates, difficulty finding skilled labor, and issues locating real estate to support its direct-to-consumer model. The company has also been sued by shareholders in federal court in California.
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