Fisker tried to out Tesla Tesla, and now it’s bankrupt

Fisker CEO Henrik Fisker
Fisker CEO Henrik Fisker. | Picture by Frederic J. Brown / AFP by way of Getty Pictures

Earlier at the moment, Fisker lastly did what has appeared inevitable these previous few turbulent months: declared chapter.

“Like different corporations within the electrical automobile business, we’ve got confronted varied market and macroeconomic headwinds which have impacted our potential to function effectively,” the corporate mentioned in an announcement. “After evaluating all choices for our enterprise, we decided that continuing with a sale of our property below Chapter 11 is essentially the most viable path ahead for the corporate.”

For anybody paying shut consideration, this isn’t that stunning. Fisker has been sounding the warning about its dwindling money stockpile for months. It did all of the belongings you’re purported to do to rein in prices. It laid off over 15 p.c of its workforce, s…

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