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Tesla rival Fisker goes bankrupt
short by Pragya Swastik / on Tuesday, 18 June, 2024
Fisker, an American electric vehicle maker and smaller rival to Tesla, filed for bankruptcy protection as deal talks with a big automaker collapsed. Fisker listed estimated assets in the $500 million to $1 billion range and liabilities in the $100 million to $500 million range. Fisker did a rapid cash burn to deliver Ocean SUVs in the US and Europe.
read more at Reuters