The previous week hasn’t been the most effective for the electrical automobile business. Now, there’s information that electrical automobile startup Fisker is below investigation by the U.S. Securities and Alternate Fee (SEC).
SEC officers issued a number of subpoenas to Fisk, the report stated. The submitting didn’t specify what the subpoena seeks or investigates, however it’s clear the SEC is already investigating the embattled electrical automobile maker.
Fisker has struggled to remain afloat since final 12 months’s disastrous launch of the Ocean SUV, failing to promote quite a lot of thousand regardless of producing effectively over 10,000 items. After final 12 months’s fourth-quarter monetary report confirmed a 35% drop in gross revenue margin, the automaker introduced that it will minimize 15% of its workforce in March of the next 12 months and swap to a direct-to-consumer gross sales technique.
A Fisker spokesman declined to remark for this story TechCrunch stated they might not “touch upon the existence of a doable investigation.”
Fisker is not the one electrical automotive maker to endure vital setbacks. Tesla in .
