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-0.0161538461538461 -0.0161538461538461 0.00230769230769227 -0.0076923076923077 -0.000769230769230684 0.00615384615384612 -0.00615384615384612 -0.00230769230769227
Stock impact report

As Fisker Fails, EV Startups Need to Learn From China [Yahoo! Finance]

Fisker Inc. Class A (FSR) 
Company Research Source: Yahoo! Finance
U.S. Sues Apple, Alleges Tech Giant Exploits Illegal Monopoly America Is Sliding Toward Chinese-Style Capitalism Medicare Opens Door for Covering Obesity Drugs Airline CEOs Seek Meeting With Boeing Directors to Address Production Problems The Fed's Conundrum: Interest Rates Are Both Too High—and Too Low Fisker is the latest electric-vehicle startup to run low on financial charge. Having put out a “going concern” warning last month, it said this week that it had secured $150 million of additional funds, but terms were punitive. Negotiations with a “large automaker” over an investment also continue. However this story ends , it will probably spell the failure of Los Angeles-based Fisker's experiment in building an “asset-light” car business. The company's pitch to investors centered on the theory that outsourcing production to third parties would save it billions of dollars in capital investment, smoothing the path to profitability. It was a seductive idea, given the high Show less Read more
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