The New York Stock Exchange (NYSE) announced it would begin delisting proceedings against electric vehicle maker Fisker due to 'abnormally low' price levels. This decision follows a series of challenges for Fisker, including a suspension of its stock trading by the NYSE. In response to its financial difficulties, Fisker has significantly reduced the Manufacturer's Suggested Retail Prices (MSRPs) of its Ocean trims by as much as 39%, in an effort to remain operational. These price reductions have been perceived by some as a desperate measure following a tumultuous week for the company, drawing comparisons to a 'fire sale.' Additionally, Fisker faced operational issues, temporarily losing track of millions of dollars in customer payments as it ramped up deliveries, which prompted an internal audit that took months to complete.
EV maker Fisker slashes prices as potential bankruptcy looms. https://t.co/6BXjcqFNOJ
JUST IN: Fisker, $FSR, temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that took months to complete, per TechCrunch.
EXCLUSIVE: TechCrunch has learned that Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that took months to complete. Read more: https://t.co/VTW1prCg3e https://t.co/kGbxdHIE3n
Fisker lost track of millions of dollars in customer payments for months https://t.co/VTW1prCg3e
Fisker lost track of millions of dollars in customer payments for months: https://t.co/qW46USWFYS by TechCrunch #infosec #cybersecurity #technology #news
$FSR Why would anyone buy a Fisker if the company's considering bankruptcy - even with a 40% discount. Especially with a car. No support network, likely no service. https://t.co/Y67gqHOcYw
Fisker cuts EV prices by as much as 39% - Bloomberg https://t.co/vdHboRy784 https://t.co/5g61m9El8T
For folks who don't follow the EV industry, just want to note that today's big story around @FiskerInc is a lot different than when @Tesla cut their EV prices last year. This is has the feeling of a fire sale after a lot of bad news over the past week: https://t.co/ifSayhTylq
Fisker slashes MSRPs of Ocean trims by tens of thousands as it fights to stay in business https://t.co/5mN2PSN1rA by @scooterdoll
Electric Vehicle Maker Fisker Delisted by NYSE Due to 'Abnormally Low' Price Levels https://t.co/RX573a7YVS
Fisker Stock Trading Suspended by NYSE. What Happens Now. https://t.co/jytKvqt7SG
Bankrupt EV startup Arrival sold its assets to Canoo: https://t.co/IUiERkk653 by TechCrunch #infosec #cybersecurity #technology #news
Fisker trading suspended by NYSE: https://t.co/GaH2bVy5U3 by TechCrunch #infosec #cybersecurity #technology #news
NYSE says it will begin delisting proceedings against Fisker https://t.co/3GOmU5Bzbx
$FSR | NYSE To Begin Delisting Proceedings Against Fisker