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Fisker's ride from Tesla competitor to bankruptcy
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Fisker's ride from Tesla competitor to bankruptcy
Jun 18, 2024 8:55 AM

(Reuters) - Fisker ( FSRN ) filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors in a tough market dominated by Tesla and Chinese automakers.

The startup had aimed to compete with Tesla's best-selling Model Y crossover with its Ocean SUV, but it failed to overcome supply chain issues, a tough funding environment and distribution hurdles that caused rapid cash burn.

Here is the list of events leading up to Fisker's ( FSRN ) bankruptcy:

(Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing by Devika Syamnath)

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