Fisker faces more bad news as the SEC starts investigating its business practices

The past week hasn’t been the kindest to the electric vehicle industry. Now, it’s capped off with news that the EV startup Fisker is the subject of an investigation from the US Securities and Exchange Commission (SEC).

TechCrunch reported that SEC officials sent several subpoenas to Fisker. The filing doesn’t specifically say what the subpoenas are asking for or looking into but it’s clear that the SEC has launched an investigation into the floundering EV maker that filed for Chapter 11 bankruptcy in June.

Fisker has been struggling to keep its head above water ever

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