Data News > Fisker Faces Uncertain Future as Financial Guidance Withdrawn and NHTSA Opens Investigation

Fisker Faces Uncertain Future as Financial Guidance Withdrawn and NHTSA Opens Investigation

By KlickAnalytics Data Insights  |   April 3, 2024 08:02PM ET

Key Points

- Fisker Inc. withdraws financial guidance for 2024 as it seeks alternatives to stay afloat
- NHTSA opens preliminary evaluation into Fisker's Ocean SUVs
- Third safety probe launched into Fisker's 2023 Ocean SUV
- Fisker's production shutdown in March adds to the company's woes
- NHTSA investigates complaints alleging failure to open the door in Fisker's 2023 Ocean vehicles

Fisker Inc. is facing an uncertain future as the embattled electric vehicle (EV) maker has withdrawn its financial guidance for 2024. The company, which is seeking alternatives to keep itself afloat, announced the decision late Wednesday. This move comes as Fisker continues to evaluate strategic options in the midst of its ongoing struggles.

In addition to the financial challenges, Fisker is also dealing with regulatory issues. The National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation (ODI) has opened a preliminary evaluation (PE) into Fisker's Ocean SUV. This development has put the spotlight on Fisker's stock, with investors closely monitoring the situation.

The NHTSA's investigation into Fisker's Ocean SUV is not the first of its kind. In fact, it marks the third safety probe into the 2023 model, adding to the company's woes. This latest investigation comes after Fisker shut down production of the Ocean SUV in March, further complicating the company's outlook.

The specific reasons for the NHTSA's investigation into Fisker's Ocean vehicles are related to complaints alleging failure to open the door. This has raised concerns about potential safety flaws in the 2023 model, prompting the U.S. auto regulator to take action.

Overall, Fisker Inc. is facing a challenging period as it grapples with financial uncertainties and regulatory scrutiny. The withdrawal of its financial guidance for 2024, coupled with the NHTSA's investigation into the Ocean SUV, has put the company in a difficult position. As Fisker continues to navigate these challenges, the future of the EV maker remains uncertain.

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