Fisker has filed for bankruptcy, highlighting the ongoing struggles in the EV market, despite notable successes like Tesla’s (NASDAQ: TSLA) Model Y. Other EV companies, including Lucid (NASDAQ: LCID) Motors, Faraday Future, Polestar (NASDAQ: PSNYW), and Canoo (NASDAQ: GOEV), face significant financial challenges.
While some, like Lucid and Polestar, have strong financial backers or growing product lines, others like Faraday Future and Canoo are seen as likely candidates for bankruptcy in the near future.
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