Fisker Stock Plunges 50% on Bankruptcy Fears After Disappointing EV Sales and Large Losses

Fisker stock has plunged over 50% on Thursday due to bankruptcy concerns reported by the Wall Street Journal
Fisker is an early stage EV maker that has struggled to meet production targets, only delivering 4,900 of a targeted 13,000 vehicles last year
The company warned about its ability to stay in business last month and is considering filing for bankruptcy
In Q4, Fisker reported disappointing sales of $200 million and a large $463.6 million loss
With shares now at $0.16, the future looks uncertain for Fisker amidst tough competition in the EV market