EV Startups' Survival Saga Continues: Fisker (FSR) on the Edge
Fisker (US:FSR) Zacks Investment Research·2024-03-21 15:30The electric vehicle (EV) frenzy, witnessed in 2020 and 2021, driven by special purpose acquisition companies (SPACs), has lost its spark. Skepticism among investors is rising as EV startups tread on thin financial ice, facing the make-or-break challenge of proving their mettle in a fiercely competitive market.The industry’s capital-intensive nature is fast depleting the cash reserves of startups, with companies prompted to file for bankruptcy. The latest casualty is Fisker Inc. (FSR) . Per Wall Street Jour ...