The Financial World Watches Anxiously the Developments at Fisker, the Once-Promising Electric Car Manufacturer and Direct Competitor of Tesla. After a Series of Financial Lows and Rumors of a Possible Rescue through Partnerships, Such as with the Japanese Auto Giant Nissan, Fisker Has Now Suffered a Severe Blow: The New York Stock Exchange (NYSE) Has Begun the Delisting of the Company.

This step comes after a tense phase in which Fisker faced numerous challenges. These include intense competition, issues with product quality, and a decline in demand for electric vehicles. A "going concern" warning issued at the beginning of March, in which the company expressed doubts about its own viability, already pointed to the impending doom.

Hoping for a Turn for the Better, Fisker Negotiated a Possible Cooperation with Nissan, But Reports by MarketWatch Indicate Failure. Consequently, Fisker is Now Forced to Consider Alternative Strategic Options Ranging from Judicial or Extrajudicial Restructuring to Potential Stock Issuances. However, as the Company Openly Admitted, These Efforts Are Marred by Great Uncertainty and Success is by No Means Guaranteed.

The stock price of Fisker suffered tremendously due to this uncertain situation and temporarily plunged by more than 28 percent to 0.0897 US dollars on Monday, ultimately leading to the suspension of trading. The NYSE's announcement to begin the delisting process for Fisker relates to the "unusually low" stock price and marks a potentially decisive turning point for the company.

Fisker now faces the issue that the delisting represents "default events" for some of its convertible bonds, which the company cannot manage financially. This could have "substantial negative effects on our business, operating results, and financial position," according to a filing by the company.