In a stunning turn of events, Fisker stock suffered a major blow, dropping more than 50% to a record low of $0.14 per share. The sharp decline came in response to a Wall Street Journal report that speculated on the possibility of Fisker's bankruptcy filing. However, the credibility of the report is being questioned, as it heavily relies on unsubstantiated claims and unnamed sources.

According to the Wall Street Journal, "Electric-vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing." The news sent shockwaves through the market and amplified concerns over the company's financial viability. Fisker, which recently warned of a potential cash shortage, enlisted the services of financial adviser FTI Consulting and law firm Davis Polk to explore various options, including a potential filing.

While the report's wording used terms like "possible" and "potential," which indicate a degree of uncertainty, the implications were enough to trigger a dramatic selloff of Fisker shares. However, alternative scenarios for the company's engagement of restructuring advisers cannot be ruled out. It is plausible that Fisker sought their assistance for purposes beyond bankruptcy filings, such as debt restructuring or renegotiating real estate lease agreements.

One concerning aspect is the continuous leaks within Fisker that seem to undermine its stability, regardless of their accuracy. Despite extensive media attention surrounding the Wall Street Journal report, Fisker executives have chosen not to comment on the matter or issue a statement to address the claims made in the article.

The next steps taken by Fisker will be critical in determining its fate. Investors and industry experts are eagerly awaiting decisive action from the company, hoping that it will effectively navigate the challenges it currently faces. Fisker needs to regain market confidence and demonstrate its resilience in order to secure its future.

With uncertainties still surrounding the validity of the Wall Street Journal report, it is crucial to be cautious in drawing final conclusions. It is essential to await further developments and official statements from Fisker to gain a clearer understanding of the situation.