Fisker Equity Reaches Final Chapter as Liquidation Takes Effect

The equity of electric vehicle startup Fisker has reached its conclusion. A U.S. Bankruptcy Court's confirmation on October 16, 2024, rendered the company's liquidation plan legally binding, stripping the stock of any remaining intrinsic value. The shares, which had been trading over-the-counter under the ticker FSRNQ, are now worthless and inactive, rendering all fundamental metrics meaningless.

Under the terms of the approved plan, the remaining assets—primarily a fleet of approximately 3,000 Ocean SUVs—were sold to American Lease for about $46.25 million. The proceeds from this sale are being directed to creditors, with shareholders receiving nothing. This outcome marks a total loss of equity for investors.

Fisker's demise presents a sharp contrast to the robust expansion continuing across the broader electric vehicle industry. As the company winds down, the market it sought to enter is posting strong gains.

Should investors sell immediately? Or is it worth buying Fisker Registered (A)?

Data from Germany's Federal Motor Transport Authority (Kraftfahrt-Bundesamt) shows that new registrations for battery-electric vehicles (BEVs) surged roughly 45% in 2025, exceeding 545,000 units. This performance captured a 19.1% market share. Established manufacturers like Volkswagen have reinforced their leading positions. Furthermore, Polestar reported a record year on January 9, 2026, announcing a 34% increase in global sales. In a significant shift for the full year 2025, BYD surpassed Tesla in pure electric vehicle sales for the first time.

This divergent reality highlights the scale of Fisker's failure. In a competitive environment where rivals are benefiting from double-digit growth rates, Fisker's inability to scale production and secure sustainable financing led to a complete wipeout.

Investment Thesis Fully Extinguished

No investment case remains for Fisker stock. The entity is no longer an operating company but exists solely for the purpose of liquidation. The company's previously reported negative book values and cash flow deficits have culminated in the total destruction of shareholder equity. A share price of $0.00 stands as the definitive signal that this venture has come to an end.