Why Is Fisker Running Out of Money?

Fisker (NYSE:FSR) stock is down more than 90% so far this year and trading below the pivotal $1 level. The past few weeks have been full of bad news for the electric vehicle (EV) company.Last week, The Wall Street Journal reported that Fisker had hired restructuring advisors in preparation for a possible bankruptcy. In its preliminary fourth-quarter and 2023 full-year earnings, the company warned that there would likely be “substantial doubt” about its ability to continue as a going concern once it files it ...