Fisker Faces Financial Troubles, Pauses EV Production to Preserve Limited Cash

Fisker failed to make a $8.4 million interest payment and is pausing EV production for 6 weeks to improve finances
The company has just $120 million in cash remaining, down from $736 million a year ago, and has "substantial doubt" in continuing operations
Fisker needs to raise more financing, partner with an automaker, or generate vehicle sales to have enough cash to continue
The company recently got a $150 million financing commitment but needs more funding long-term
Fisker's stock price has plunged 97% in the past year to under $0.12 per share, risking delisting from the NYSE exchange