"Fisker Stock Plunges Over 40% Amid Bankruptcy Report"

Fisker Inc's stock plummeted over 40% following reports of the electric vehicle maker considering a bankruptcy filing, after warning of cash shortage and disappointing sales. The company, which went public in 2020, has hired advisers for potential restructuring. Fisker's founder, Henrik Fisker, had previously led Fisker Automotive, which went bankrupt in 2013. Shares have dropped 95% in the past year, closing 97% lower than its post-IPO price.