The electric vehicle (EV) industry has encountered significant challenges over the past year and into the beginning of this one. It appears that one company has reached its breaking point. Reports of Fisker (NYSE: FSR) preparing to declare bankruptcy have caused FSR stock to plummet by 40%.FSR stock 24-hour price chart. Source: Google FinanceSpecifically, it appears that Fisker had enlisted restructuring advisors to explore the possibility of filing for bankruptcy, as per the Wall Street Journal. Although F ...

It's rough out there in the electric vehicle (EV) industry lately, especially for start-up companies with dwindling cash, weak demand, and low production capacity. Not only are Fisker's (FSR 3.53%) losses piling up, so are the negative developments. Those recently culminated in a notice from the New York Stock Exchange (NYSE) that the company could be at risk of being delisted.Briefly, here is what has been going wrong with the young EV maker, and what it would mean for shareholders if it were to be deliste ...

Key TakeawaysEV maker Fisker has reportedly hired a firm to advise on restructuring possibilities, including bankruptcy.In its recent earnings report, the company warned it may not be able to stay in business and was in discussions with another automaker about a possible deal. The company's stock is down nearly 95% in the past year. After earlier issuing warnings about its ability to meet expenses, electric vehicle (EV) maker Fisker (FSR) is reportedly looking to file for bankruptcy, Two weeks ago, the EV m ...

Fisker Inc (NYSE: FSR) crashed another 40% in extended trading on Wednesday following a report that it’s considering filing for bankruptcy.Fisker stock is now worth 17 cents onlyCopy link to sectionThe embattled electric vehicles company has already hired restructuring advisors to proceed with the filing, as per the Wall Street Journal. Fisker refused to comment on the said report this evening.The news arrives a couple weeks after $FSR warned it could run out of cash. It was also reported in talks with a no ...

Fisker (NYSE: FSR) stock price has found itself between a rock and a hard place. Its meltdown continued this week, reaching a record low of $0.3038, which is sharply lower than its all-time high of $31.95. Its market valuation has tumbled from over $12 billion to less than $200 million.Major headwinds aheadCopy link to sectionFisker is facing a mountain of challenges, which are threatening its future. On a broader aspect, like all electric vehicle (EV) companies, it is in an industry that is going through c ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

It wasn't long ago that electric vehicle (EV) sales were gaining traction and appeared on the cusp of breaking into mainstream territory. Oh, how quickly things can change. Start-up EV maker Fisker (FSR -5.88%) is now struggling to survive amid high interest rates, charging infrastructure challenges, intensifying competition, and a dwindling cash pile. But is Fisker stock doomed to drop to zero, or is there still hope for long-term investors?The ugly numbersIn late February, Fisker reported a rough fourth-q ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Henrik Fisker, a widely respected Danish automotive designer, joined the battle for electric vehicle dominance in 2007 with his first endeavor, Fisker Automotive, but failed. The company ended with his resignation and bankruptcy in 2013. Now the designer-turned-CEO is back and determined to get it right.In 2016, he came back with a new company bearing almost exactly the same name and logo. The new plan: Instead of making high-end sedans with six-figure price tags, target the mass market with a midrange, mid ...

In 2024, investors are wondering if artificial intelligence (AI) stocks are the latest bubble that is doomed to burst. But right now, FOMO reigns supreme. And as investors shift money into AI stocks, they’re pulling money out of other sectors such as electric vehicles. Whether you like EV stocks or not, now is not the time to play hero ball. EV stocks have been in a bubble of their own since 2021. At that time, many EV companies entered the market with a prototype and a plan. And, many speculative investors ...