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The HARD TRUTH about EVs
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<blockquote data-quote="Weather Man" data-source="post: 17023435" data-attributes="member: 137766"><p>Fisker (NYSE:<a href="https://seekingalpha.com/symbol/FSR?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">FSR</a>) is <a href="https://seekingalpha.com/pr/19657750-fisker-announces-receipt-of-financing-commitment-of-up-to-150-million-and-provides-business?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">halting production</a> for six weeks as the cash-strapped electric vehicle maker goes on overdrive trying to avoid bankruptcy by securing funds to keep its business running.</p><p></p><p>Its shares, which have been in freefall since it flagged going concern doubts, dropped 15.6% on Monday. The stock declined ~92% YTD.</p><p></p><p>Fisker (<a href="https://seekingalpha.com/symbol/FSR?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">FSR</a>) also secured a $150M financing commitment from an existing investor, contingent on <a href="https://seekingalpha.com/filing/8443612?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews" target="_blank">conditions</a> including filing its delayed 2023 annual report and continuing deal talks with a large automaker for a potential investment and North America manufacturing.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 17023435, member: 137766"] Fisker (NYSE:[URL='https://seekingalpha.com/symbol/FSR?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']FSR[/URL]) is [URL='https://seekingalpha.com/pr/19657750-fisker-announces-receipt-of-financing-commitment-of-up-to-150-million-and-provides-business?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']halting production[/URL] for six weeks as the cash-strapped electric vehicle maker goes on overdrive trying to avoid bankruptcy by securing funds to keep its business running. Its shares, which have been in freefall since it flagged going concern doubts, dropped 15.6% on Monday. The stock declined ~92% YTD. Fisker ([URL='https://seekingalpha.com/symbol/FSR?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']FSR[/URL]) also secured a $150M financing commitment from an existing investor, contingent on [URL='https://seekingalpha.com/filing/8443612?hasComeFromMpArticle=false&source=content_type%253Areact%257Csection%253Amain_content%257Cbutton%253Abody_link%257Cfirst_level_url%253Anews']conditions[/URL] including filing its delayed 2023 annual report and continuing deal talks with a large automaker for a potential investment and North America manufacturing. [/QUOTE]
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