Last week was not the best week for the electric car industry. Now, it has concluded with news that EV startup Fisker is the subject of an investigation by the US Securities and Exchange Commission (SEC).
SEC officials said they sent several subpoenas to Fisker. The filing doesn’t say specifically what the subpoenas are asking for or what they’re looking into, but it’s clear the SEC has opened an investigation into the struggling EV maker. .
Fisker has struggled to stay afloat since last year’s disastrous launch of the Ocean SUV, which failed to gain more than a few thousand sellers despite producing more than 10,000 units. After reporting a 35 percent gross margin loss in the fourth quarter last year, the automaker announced it will lay off 15 percent of its workforce next March as it shifts to a direct-to-consumer sales strategy.
A Fisker spokeswoman declined to comment on the matter TechCrunch They said they could not comment on whether there was a possible investigation.
Fisker isn’t the only EV maker to suffer a notable setback. Tesla saw a big stumble .
