EV startup Fisker raises going concern doubts, shares drop (updated)
29/02/2024 21:29
(Adds shares and details)
Feb 29 (Reuters) - Electric-vehicle startup Fisker
FSR.N on Thursday raised substantial doubts about its ability
to continue as a going concern, sending its shares down around
17% in extended trading.
The company, which missed analysts' expectations for
quarterly revenue, also also announced plans to reduce its
workforce by about 15%.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Maju
Samuel and Shailesh Kuber)
((Zaheer.Kachwala@thomsonreuters.com;))