Why is Fisker bankrupt? Weak EV market aside, the embattled Tesla rival faced big challenges

Henrik Fisker’s latest venture has been marred by financial difficulties, and it’s not alone among once-vaunted electric vehicle startups.

Electric vehicle startup Fisker Group, founded by Danish automotive designer and entrepreneur Henrik Fisker, has filed for Chapter 11 bankruptcy protection in Delaware District Court, listing estimated assets of $500 million to $1 billion and liabilities of $100 million to $500 million. Here’s what you need to know: