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

Electric vehicle startup Fisker is warning investors that there is “substantial doubt” it will have enough cash to make it through 2024.Read more...

·New York, United States
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Quartz broke the news in New York, United States on Friday, March 1, 2024.
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