"Fisker's Financial Struggles Threaten EV Maker's Future"

Fisker, a California-based EV company, is facing financial challenges and may not survive through 2024 due to production struggles, waning demand, and high interest rates. The company is cutting costs, laying off employees, and seeking additional investment to stay afloat. Despite these challenges, Fisker is still hoping to grow and is in discussions with a large automaker for a potential transaction. However, the company has faced criticism regarding its cash balance, manufacturing model, and quality issues with its Fisker Ocean SUV. The landscape for pure EV companies has become more difficult, with some customers hesitant to switch to full-electric vehicles, while hybrid vehicles are selling at a higher rate than battery EVs.