Just saw two of those new Fisker SUVs within a minute of each other on the drive home earlier. That was the first time seeing them and I thought they were Land Rovers at first. The dark satin blue paint looked pretty good on the one and the other looked black, or dark blue like the first. No idea where they even sell these things, but it is possible they had just come off the automotive transport station as it was right next to where I was.
Fisker (NYSE:FSR) is halting production for six weeks as the cash-strapped electric vehicle maker goes on overdrive trying to avoid bankruptcy by securing funds to keep its business running.
Its shares, which have been in freefall since it flagged going concern doubts, dropped 15.6% on Monday. The stock declined ~92% YTD.
Fisker (FSR) also secured a $150M financing commitment from an existing investor, contingent on conditions including filing its delayed 2023 annual report and continuing deal talks with a large automaker for a potential investment and North America manufacturing.