EV startup Fisker raises going concern doubts, shares drop

By Thomson Reuters Feb 29, 2024 | 3:29 PM

(Reuters) -Electric-vehicle startup Fisker on Thursday raised substantial doubts about its ability to continue as a going concern, sending its shares down around 17% in extended trading.

The company, which missed analysts’ expectations for quarterly revenue, also also announced plans to reduce its workforce by about 15%.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Maju Samuel and Shailesh Kuber)