Electric vehicle start-up Fisker is exploring bankruptcy, The Wall Street Journal reported this week.
Fisker’s stock plunged this week as investors worry about the company’s ability to survive amid a cash crunch. The auto company also said it would slash 15% of its workforce.
The Wall Street Journal reported:
Electric-vehicle startup Fisker FSR -55.88%decrease; red down pointing triangle has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter.
