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The Rise and Fall of Fisker Inc.: How Mismanagement Led to the Company’s Demise

Fisker Inc., the electric vehicle startup founded by Henrik Fisker, is facing bankruptcy after failing to deliver on its promises. The company has struggled with a range of issues, from mechanical and software problems with its first and only model, the Ocean SUV, to a lack of basic processes and procedures. Employees have spoken out about the chaos within the company, citing inadequate customer service, a poorly functioning warranty system, and a shortage of spare parts. This has resulted in numerous lemon law lawsuits and legal troubles. The blame is largely placed on Henrik Fisker and his wife, Geeta Gupta-Fisker, who have made questionable decisions and failed to set up the necessary infrastructure for a successful automaker. The company’s downfall is a cautionary tale for other EV startups looking to replicate Tesla’s success.

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