EV Maker Fisker Files for Bankruptcy - What it Means for the Electric Vehicle Industry

EV Maker Fisker Bankruptcy:

Fisker, a competitor to Tesla, has filed for bankruptcy. The company recently stopped production of its electric SUV.

What it Means:

• Impact on Market: Raises uncertainties about the competitive landscape.
• Future of Fisker: Raises questions about the company's survival.
• Challenges in Industry: Highlights difficulties faced by alternative automakers.