Fisker, an electric vehicle startup, is facing severe financial challenges and may file for bankruptcy protection within 30 days if it cannot secure relief from its creditors and sufficient liquidity to meet its debt obligations. The company, once valued at $2.9 billion, disclosed in a regulatory filing that its cash reserves have dwindled to $54 million as of April 16. Fisker has planned additional layoffs, reportedly around 500 employees, and is under pressure to raise cash to pay off an outstanding loan by a May 1 forbearance deadline. The situation has been exacerbated by the collapse of talks for potential investment last month, as reported by TechCrunch.