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Electric vehicle startup Fisker is pausing production for six weeks to address inventory issues and financial challenges. The company plans to raise up to $150 million to navigate a cash crunch after missing an interest payment. Fisker's stock fell following the news.
Two men have been accused of starting a business in China by stealing trade secrets from electric car manufacturer Tesla and conspiring to sell them. https://t.co/JVb9t4nhPC
U.S. Accuses Two Men of Stealing Tesla Trade Secrets https://t.co/6UhzFXlBOD Mr. Pflugbeil and Mr. Shao are both former employees of Hibar Systems, a Canadian company that sold technology for battery manufacturing that Tesla acquired in 2019
A Canadian resident of China has been arrested in the United States for allegedly stealing electric car manufacturer Tesla's trade secrets and conspiring to sell them to undercover law enforcement officers. https://t.co/1dOcYFiU9Y https://t.co/vn7yugGQhF