Inside the downfall of Henrik Fisker's second automotive startup, which just filed for bankruptcy

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• Henrik Fisker's second automotive startup filed for Chapter 11 bankruptcy on Monday.
• Fisker was pitched as a Tesla rival, but workers say mismanagement led to compounding problems.
• Business Insider spoke with 27 former and current Fisker staff that charted the startup's downfall.

Fisker's staff was in chaos as they prepared to deliver the company's first batch of electric cars to US customers.

It had been four years since famed automotive designer Henrik Fisker unveiled his Tesla rival, an SUV called the Ocean, and the vehicle still wasn't ready.

In the weeks leading up to the big June 2023 event, Fisker staff raced to fix faulty parts on at least four of the 22 EVs that were set to be delivered — even stripping parts off the CEO and CFO's personal cars to repair the vehicles, including door handles and seat sensors, according to 11 sources familiar with the incident.