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TechCrunch Minute: EV makers are struggling, and Fisker’s in a particularly precarious position
Fisker's finances are back in the news after it announced it would pause production and had just $121 million left in the bank.
Fisker is hardly the first electric vehicle company to struggle to stay afloat, but given the issues its cars suffer from, there’s good reason to be skeptical of the company’s product. Softening demand growth for EVs is making the normal challenges of scaling a company all the harder for Fisker and its peers. Not that we’re all doom and gloom here at TechCrunch — we’re actually rather bullish on the prospect for EVs in the near and far future.
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