The Securities and Exchange Commission (SEC) has concluded its investigation into the bankrupt electric vehicle startup Fisker, marking a significant development in the electric vehicle industry. The probe, initiated approximately one year prior, was closed in September 2025, as revealed in response to a TechCrunch records request.
The closure of the Fisker investigation aligns with a broader trend of decreased SEC enforcement actions and settlements during the latter part of the previous administration. In 2025, the SEC saw a notable decline in enforcement actions, with only four directed towards public companies, representing a 27% decrease from the previous administration.
The Fisker investigation closure adds to a series of concluded cases against other electric vehicle startups, including Nikola, Lordstown Motors, Canoo, and Hyzon Motors. Notably, the SEC also wrapped up an investigation into Lucid Motors in 2023 without pursuing legal action.
Currently, the sole active SEC investigation involving an electric vehicle startup pertains to Faraday Future, highlighting the ongoing regulatory scrutiny faced by emerging players in the industry.
Source: TechCrunch