Fisker Inc

Fisker's 2024 bankruptcy marked Henrik Fisker's second failed attempt at electric vehicles. After Fisker Automotive's 2013 collapse, he returned with an asset-light model using contract manufacturing. But outsourcing production meant outsourcing quality control—the Fisker Ocean launched with software bugs, hardware defects, and recalled vehicles. Like an organism that sheds essential organs to reduce weight, Fisker discovered that some capabilities can't be outsourced without fatal consequences.