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Fisker hires restructuring advisers to assist with a potential bankruptcy filing: report
Electric vehicle maker Fisker has sparked potential bankruptcy filing speculations after a report emerged stating that the company had hired restructuring advisors. The move follows Fisker’s statement in February, which indicated that its “current resources are insufficient to satisfy its requirements” for the next 12 months.
Citing people reportedly familiar with the matter, The Wall Street Journal reported that Fisker had hired FTI Consulting and law firm Davis Polk to work on a potential filing. Fisker’s finances have been beleaguered as of late, with the company noting last month that in 2023, it had over $1 billion in debt over sales of $273 million. At the time, Fisker also announced that it was laying off 15% of its staff as a cost-cutting measure.
Despite its challenges, Fisker maintained some optimism last month. This was hinted at by the company stating that it was in negotiations with a large automaker for a potential transaction that would include an investment in Fisker, as well as the joint development of one or more electric vehicle platforms. That being said, the company also noted in its press release last month that it was not able to file its 2023 Form 10-K within the report’s prescribed submission period.
Fisker, FTI Consulting, and law firm Davis Polk have not issued a comment about the matter as of writing.
Prior to its recent challenges, Fisker carried a lot of optimism. The company went public in October 2020 through a special-purpose acquisition company (SPAC). At the time, investors were extremely optimistic about the electric vehicle sector, with numerous investors looking for the next Tesla, whose stock saw a 783.42% increase in 2020.
Fisker saw a lot of momentum initially, with the company being valued as high as $7.9 billion in February 2021. Since then, Fisker shares have seen a notable decline. Fisker’s share price has dropped over 97% since it went public in 2020, with the company ending Wednesday’s trading at $0.32 per share. Fisker’s current market cap as of Wednesday’s close is $180 million. The company’s shares have also traded below $1 for much of 2024, putting Fisker at risk of being delisted from the New York Stock Exchange.
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Elon Musk confirms Tesla FSD V14.2 will see widespread rollout
Musk shared the news in a post on social media platform X.

Elon Musk has confirmed that Tesla will be implementing a wide rollout of Full Self-Driving (FSD) V14 with the system’s V14.2 update. Musk shared the news in a post on social media platform X.
FSD V14.1.2 earns strong praise from testers
Musk’s comment came as a response to Tesla owner and longtime FSD tester AI DRIVR, who noted that it might be time to release Full Self-Driving to the fleet because V14.1.2 has already become very refined.
“95% of the indecisive lane changes and braking have been fixed in FSD 14.1.2. I haven’t touched my steering wheel in two days. I think it’s time, Tesla AI,” the longtime FSD tester wrote.
AI DRIVR’s comment received quite a bit of support from fellow Tesla drivers, some of whom noted that the improvements that were implemented in V14.1.2 are substantial. Others also agreed that it’s time for FSD to see a wide release.
In his reply to the FSD tester, CEO Elon Musk noted that FSD V14’s wide release would happen with V14.2. “14.2 for widespread use,” Musk wrote in his reply.
Mad Max mode makes headlines
One of the key features that was introduced with FSD’s current iteration is Mad Max mode, which allows for higher speeds and more frequent lane changes than the previous “Hurry” mode. Videos and social media posts from FSD testers have shown the system deftly handling complex traffic, merging seamlessly, and maintaining an assertive but safe driving behavior with Mad Max mode engaged.
Tesla AI head Ashok Elluswamy recently noted in a post on X that Mad Max mode was built to handle congested daytime traffic, making it extremely useful for drivers who tend to find themselves in heavy roads during their daily commutes. With Musk now hinting that FSD V14.2 will go on wide release, it might only be a matter of time before the larger Tesla fleet gets to experience the notable improvements of FSD’s V14 update.
News
Multiple Tesla Cybercab units spotted at Giga Texas crash test facility
The vehicles were covered, but one could easily recognize the Cybercab’s sleek lines and compact size.

It appears that Tesla is ramping up its activities surrounding the development and likely initial production of the Cybercab at Giga Texas. This was, at least, hinted at in a recent drone flyover of the massive electric vehicle production facility in Austin.
Cybercab sightings fuel speculations
As observed by longtime Giga Texas drone operator Joe Tegtmeyer, Tesla had several covered Cybercab units outside the facility’s crash testing facility at the time of his recent flyover. The vehicles were covered, but one could easily recognize the Cybercab’s sleek lines and compact size. Tegtmeyer also observed during his flyover that production of the Model Y Standard seems to be hitting its pace.
The drone operator noted that the seven covered Cybercabs might be older prototypes being decommissioned or new units awaiting crash tests. Either scenario points to a ramp-up in Cybercab activity at Giga Texas, however. “In either case, this is another datapoint indicating production is getting closer to happening,” Tegtmeyer wrote on X, highlighting that the autonomous two-seaters were quite exciting to see.
Cybercab production targets
This latest sighting follows reports of renewed Cybercab appearances at both the Fremont Factory and Giga Texas. A test unit was recently spotted driving on Giga Texas’ South River Road. Another Cybercab, seen at Tesla’s Fremont Factory, appeared to be manually driven, suggesting that the vehicle’s current prototypes may still be produced with temporary steering controls.
The Tesla Cybercab is designed to be the company’s highest-volume vehicle, with CEO Elon Musk estimating that the autonomous two-seater should see an annual production rate of about 2 million units per year. To accomplish this, Tesla will be building the Cybercab using its “Unboxed” process, which should help the vehicle’s production line achieve outputs that are more akin to consumer electronics production lines.
Elon Musk
Teslas in the Boring Co. Vegas Loop are about to get a big change
Elon Musk has a big update for Teslas that operate within the Boring Company’s Vegas Loop.

Tesla vehicles operating in the Boring Company’s Vegas Loop are about to get a big change, CEO Elon Musk said.
In Las Vegas, the Boring Company operates the Vegas Loop, an underground tunnel system that uses Teslas to drop people off at various hotspots on the strip. It’s been active for a few years now and is expanding to other resorts, hotels, and destinations.
Currently, there are stops at three resorts: Westgate, the Encore, and Resorts World. However, there will eventually be “over 100 stations and span over 68 miles of tunnel,” the Vegas Loop website says.
The Loop utilizes Tesla Model 3 and Model Y vehicles to send passengers to their desired destinations. They are currently driven using the Full Self-Driving suite, but they also have safety drivers in each vehicle to ensure safety.
Tesla Cybertruck rides are crucial for Vegas Loop expansion to airport
Tesla and the Boring Company have been working to remove drivers from the vehicles used in the Loop, but now, it appears there is a set timeline to have them out, according to CEO Elon Musk:
The Tesla cars operating in The Boring Company tunnels under Las Vegas will be driverless in a month or two https://t.co/mX4nNrJui9
— Elon Musk (@elonmusk) October 18, 2025
Musk says the Boring Co. will no longer rely on safety drivers within the Teslas for operation. Instead, Tesla will look to remove the safety drivers from the cars within the next month or two, a similar timeline for what Musk believes the Robotaxi platform will look like in Austin.
In Texas, as Robotaxi continues to operate as it has since June, there are still safety monitors within the car who sit in the passenger’s seat. They are there to ensure a safe experience for riders.
When the route takes the vehicle on the highway, safety monitors move into the driver’s seat.
However, Tesla wants to be able to remove safety monitors from its vehicles in Austin by the end of the year, Musk has said recently.
In early September, Musk said that the safety monitors are “just there for the first few months to be extra safe.” He then added that there “should be no safety driver by end of year.”
The safety driver is just there for the first few months to be extra safe.
Should be no safety driver by end of year.
— Elon Musk (@elonmusk) September 4, 2025
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