Fisker tried to outdo Musk and it went down in flames

Billionaire entrepreneur Henrik Fisker-led electric carmaker Fisker Automotive has filed for bankruptcy protection and said that it was working with creditors to “stabilise its operations”, according to reports. Fisker Automotive had filed for bankruptcy protection in 2017 after it went bankrupt due to unpaid bills. It was also forced to stop manufacturing its first-ever autonomous car, the ‘Ocean’.