(Reuters) – Fisker (OTC:) filed for bankruptcy protection late on Monday, becoming the latest electric-vehicle startup to collapse after Arrival and Lordstown Motors (OTC:) in a tough market dominated by Tesla (NASDAQ:) and Chinese automakers.
The startup had aimed to compete with Tesla’s best-selling Model Y crossover with its Ocean SUV, but it failed to overcome supply chain issues, a tough funding environment and distribution hurdles that caused rapid cash burn.
Here is the list of events leading up to Fisker’s bankruptcy: