Timeline: Fisker's ride from Tesla competitor to bankruptcy
18/06/2024 16:26
June 18 (Reuters) - Fisker filed for bankruptcy
protection late on Monday, becoming the latest electric-vehicle
startup to collapse after Arrival and Lordstown Motors in a
tough market dominated by Tesla and Chinese automakers.
The startup had aimed to compete with Tesla's TSLA.O
best-selling Model Y crossover with its Ocean SUV, but it failed
to overcome supply chain issues, a tough funding environment and
distribution hurdles that caused rapid cash burn.
Here is the list of events leading up to Fisker's
bankruptcy:
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Fisker: From Tesla competitor to bankruptcy https://reut.rs/3VxaUPs
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(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing
by Devika Syamnath)
((Priyanka.G@thomsonreuters.com;))