Tesla stock (TSLA) soared 17 percent to record highs after a surprisingly good earnings report. Tesla Motors continues to defy expectations, making Tesla stock an intriguing option for many clean tech investors.
Fisker Automotive revealed Wednesday that it has halted production on the Fisker Karma due to the bankruptcy of its battery maker, A123 Systems, according to Green Car Reports.
A fire that destroyed 16 Fisker Karmas in the wake of Hurricane Sandy was caused by residual salt damage inside a Vehicle Control Unit submerged in seawater for several hours, according to Fisker Automotive.
Fisker wants to share technology and sell shares, the latest sign that the economics of plug-in cars are making it difficult for automakers to turn a profit.
This year, more automakers will roll out electric cars to American roadways.