Fisker warns it’s running out of cash and may not make it through 2024

EV sales are up, but the companies that are hinging their entire existence on plug-in power are not doing so well. Production struggles, waning demand, and high interest rates are threatening to wipe some of them off the map. The latest is Fisker, the California-based company with big ambitions but dwindling cash.

Fisker said that there is “substantial doubt” that it will have enough money to make it through the year, the company said in filings …

cash companies demand doing high image interest interest rates latest map may power production running sales wipe