Fisker Inc. Struggles Amidst CEO's Real Estate Moves

Henrik Fisker, CEO of Fisker Inc., has placed his Los Angeles mansion for sale at $35 million, an action that follows the company's troubled financial performance including a stock drop of over 96% in 2024 and subsequent delisting from the New York Stock Exchange The Hollywood Hills home, bought at $21.8 million in 2021 with his wife Geeta Gupta-Fisker, has appreciated by 61%, now boasting luxury amenities such as a retractable glass wall, balcony, swimming pool, spa, and a three-car garage with hydraulic lifts The six-bedroom, eight-bathroom mansion's price tag is $8 million more than Fisker Inc.'s market capitalization of $26.8 million, reflecting the stagnating position of the EV company in the market. The financial predicament, exacerbated by negative customer feedback, has led to a potential need for bankruptcy filing unless the company can secure debt relief or a buyout, which Fisker has been actively pursuing through meetings with executives from four well-established automakers.