The EV startup Fisker is under investigation by the SEC, which has issued several subpoenas. The details of the investigation remain undisclosed, complicating the company's already troubled status.
Fisker's struggles have intensified following the troubled launch of its Ocean SUV, which generated disappointing sales despite producing over 10,000 units.
The company faced a 35 percent gross margin loss in its Q4 report and announced layoffs of 15 percent of its workforce while shifting strategies.
Fisker's dilemma reflects broader challenges in the EV market, as other manufacturers like Tesla are also encountering significant operational hurdles.
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