Fisker, the electric vehicle startup founded by Henrik Fisker, has filed for Chapter 11 bankruptcy after facing numerous production and safety issues with its Ocean SUV. The company repeatedly missed production targets and struggled with mechanical flaws, including braking failures and software glitches. Despite attempts to secure funding and cut production costs, internal audits revealed mismanagement of customer payments. Following mass layoffs and a halt in production, Fisker was unable to recover and declared bankruptcy, estimating liabilities between $100 million and $500 million. The struggle raises questions about the future of the company's assets and operations.