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Anonymous

Hey I am on Medial • 1y

Another electric vehicle manufacturer has declared bankruptcy. 😞 Electric car startup Fisker, founded by Henrik Fisker, has filed for bankruptcy. The company attempted to revive its business model of contract manufacturing cars through outsourcing but did not succeed. By the end of last year, Fisker had laid off 15% of its employees, incurred $463 million in losses, and fully depleted investor funds over the last quarter. 💸 Among the company's investors were Leonardo DiCaprio, Palo Alto Investors, and Qatar Holding. 🌟

4 Replies

Replies (4)

Anonymous 2

Hey I am on Medial • 1y

The car looks super cool tho. Chinese manufacturing comes to play, and companies who have even a bit lesser value to provide, just wipe off. As simple as that.

1 Reply

Anonymous 1
•

Wipro • 1y

The investors 😮‍💨

Rajdeb Dey
•

Protrader • 2m

it's competitive market and growing faster than one can ever imagine. So it was a tough task.

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