Is Fisker (FSR) Stock the Next Tesla? Or the Next Mullen?

Shares of electric vehicle startup Fisker (NYSE:FSR) surged 20% last week after the firm revealed it had refinanced $185.5 million of convertible debt. One-third of the company’s liabilities disappeared overnight after its primary backer agreed to convert the debt into 159 million new equity shares.This comes as welcome news to fans of the firm. Convertible debt is often known as “death spiral financing” since declining share prices can trigger a self-fulfilling cycle of even lower prices. And Wednesday’s n ...