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Fisker, an electric vehicle startup, is set to be delisted from the New York Stock Exchange (NYSE) after talks with a major automaker collapsed due to low stock prices. The company has faced financial turmoil, leading to a halt in trading and significant price reductions on its only model, the Ocean SUV, by up to 39%. Fisker's struggles have also included losing track of customer payments and potential bankruptcy looming.
$FSR | Beleaguered EV maker Fisker is facing a significant setback as more than 40,000 customers have reportedly canceled their vehicle reservations. This development comes at a time when the company is grappling with financial challenges and a potential bankruptcy filing. https://t.co/gEUSuXpwcZ
Fisker's price cuts come after a barrage of issues, including the end of talks with a large automaker for a financial lifeline. https://t.co/EqoMmw8QFP
Embattled EV maker Fisker to cut some car prices by more than 30% https://t.co/GilclBdaVA