Fall Of EV Startup Fisker: A Timeline Of Struggles

Discover the downfall of EV startup Fisker, from production shortfalls to bankruptcy, in this detailed timeline.
Matilda
Fall Of EV Startup Fisker: A Timeline Of Struggles
The fall of EV startup Fisker has become one of the most talked-about stories in the electric vehicle industry. Once celebrated as a bold challenger with its flagship Ocean SUV, Fisker quickly faced challenges that raised concerns among investors and consumers. From production delays to mounting financial pressures, the company’s journey reflects the risks and hurdles facing new EV startups in a competitive market. This blog explores the major milestones that ultimately led to Fisker’s decline, offering a clear timeline of events for readers seeking to understand what went wrong. Image : Google Production Struggles And Missed Targets At the heart of the fall of EV startup Fisker were repeated production setbacks. The Ocean SUV, initially seen as a breakthrough model, suffered from software glitches and mechanical problems that frustrated early customers. In 2023, Fisker missed its Q2 production goals, manufacturing fewer vehicles than promised. These delays not only slowed sales but also…