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Fisker Experiences the Equivalent of a Bank Run As Everyone Wants To Jump Ship

autoevolution Thursday, 28 March 2024
In a desperate move to clear the inventory, Fisker cut the Ocean prices by up to 40%. However, the startup is experiencing the equivalent of a bank run, as everyone wants to distance itself from the ailing startup. The latest to do so was Tesla, which announced suspending all Fisker Ocean trade-ins effective immediately. Fisker is probably living its last moments, with bankruptcy all but guaranteed unless some earth-shattering mi... (continue reading...)
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