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Lucid Motors sets new record for EV deliveries as it seeks 'escape velocity' | TechCrunch

Lucid Motors sets new record for EV deliveries as it seeks 'escape velocity' | TechCrunch

Lucid Motors delivered 2,394 EVs in the second quarter of 2024, a new record for the company and a positive sign amid a struggle to gain traction. Still a growing market For electric vehicles. The number easily eclipses Lucid's previous record, which it set in the first quarter of the year when It shipped 1,967 […]

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The fight over Fisker's assets is already heating up | TechCrunch

The fight over Fisker's assets is already heating up | TechCrunch

Fisker is just days away from filing for Chapter 11 bankruptcy, and its assets have already been charged with fighting, with one lawyer claiming the startup is liquidating assets “outside of court oversight.” Is. At issue is the relationship between Fisker and its largest secured creditor, Heights Capital Management, an affiliate of financial services company […]

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Fisker faced financial distress as early as last August | TechCrunch

Fisker faced financial distress as early as last August | TechCrunch

According to a new filing in its Chapter 11 bankruptcy proceedings, Fisker was facing “potential financial distress” as early as last August. started earlier this week. The entry provides a vivid picture of Fisker's difficulties in 2023 as he struggled. Extend delivery of its flagship Ocean SUV, despite assurances to the public from then-CEO Henrik […]

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Fisker failed because it wasn't ready to be a car company | TechCrunch

Fisker failed because it wasn't ready to be a car company | TechCrunch

Two years ago, I was an employee Fisker Inc. The biggest worry inside the EV startup wasn't whether its Ocean SUV would make it, I'm told. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna. The startup's November 2022 production launch target was aggressive, but not impossible for a […]

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