Fisker Inc. Faces Production Pause and Financial Strain Amidst Debt Troubles
By
Erik Magnusson
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Fisker Inc., an electric-vehicle maker, has announced a six-week production pause to address its inventory and financial challenges. The company failed to make an $8.4 million interest payment on its convertible notes, raising concerns about potential bankruptcy. A major investor has committed to helping raise up to $150 million, while the company is still negotiating a possible deal with a big automaker.