Why Is Fisker (FSRN) Stock Down 55% Today?

Fisker (OTCMKTS:FSRN) stock is falling hard on Tuesday after the electric vehicle (EV) company filed for Chapter 11 bankruptcy protection. On top of this, Fisker says its manufacturing halt will remain in place throughout the bankruptcy. The company is also seeking permission to continue its reduced operations. That includes ongoing pay and benefits for employees, as well as maintaining customer programs and paying vendors. "Like other companies in the electric vehicle industry, we have faced various market ...