Millions of dollars in customer payments went unaccounted for by Fisker for extended periods.

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TechCrunch 1 mo ago

Millions of dollars in customer payments went unaccounted for by Fisker for extended periods. - TechCrunch

Quick Summary:

Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete, TechCrunch has learned.

Fisker was often unable to provide satisfactory documentation, leading to more requests from PwC.“Paperwork being collected wasn’t always being collected in full, or sent to the same places,” another one of the people said.

Fisker hired contractors in February to help resolve the title and registration problems, but the backlog was immense, according to the people.