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TechCrunch Mobility: Fisker enters into dumpster fire territory and Tesla chases FSD revenue

TechCrunch · 1y

Fisker's production has been paused for six weeks, and the company has only $121 million in cash and cash equivalents, $32 million of which is restricted or not immediately accessible. The company was expecting a $150 million capital influx and a potential partnership with another automaker, but negotiations fell through. Fisker also temporarily lost track of millions of dollars in customer payments as it scaled up deliveries. The stock plummeted, trading was halted, and Fisker may be removed from the New York Stock Exchange.