FiskerNYSE: FSR

Fisker (OTCMKTS: FSRNQ ) is a company investors may notice has a “Q” at the end of its ticker symbol. This means it is a company that has already declared bankruptcy.

Electric-vehicle maker Fisker is recalling 8,204 Ocean vehicles in the U.S. due to an issue where exterior door handles can stick and fail to open, the U.S. National Highway Traffic Safety Administration said on Friday.

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Last week, Fisker's (OTCMKTS: FSRN ) operating subsidiary, Fisker Group, announced that it had filed for Chapter 11 bankruptcy protection, sending FSRN stock plummeting lower. The announcement wasn't all too surprising, as it followed a going concern warning, a delisting from the New York Stock Exchange and the botched debut of the Ocean electric vehicle (EV) laden with software issues and user complaints.

Losses have been mounting for years, but Fisker's bankruptcy shows the market won't fund EV dreams forever. Who will be next to fail in the EV market?

Fisker is just a few days into its Chapter 11 bankruptcy, and the fight over its assets is already charged, with one lawyer claiming the startup has been liquidating assets “outside the court's supervision.”

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week.

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Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023.