Fisker finally declared bankruptcy, proving that trying to follow Tesla’s playbook isn’t exactly foolproof, especially when your name isn’t Elon Musk.
Earlier today, Fisker finally did what has seemed inevitable these past few turbulent months: declared bankruptcy. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently,” the company said in a statement. “After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.
“It’s the kind of technology where, when you feel like you’re 90 percent there, you’re almost there, until you realize the last 10 percent is much more difficult than the first 90,” Fisker told former Verge reporter Sean O’Kane in 2021. But if Fisker was chastened by his failed attempt to achieve a battery breakthrough, he didn’t show it. Months after admitting defeat, he announced a new fantastical project: an electric Popemobile made by his company.
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