Less than seven months after launching, the high-flying streaming service Quibi has shut down.

Despite a sold-out advertising slate, deals with A-listers and a $1.75 billion war chest from high-profile investors the former Disney executive and founder Jeffrey Katzenberg couldn't make the short-form mobile video platform stick.

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Luxury electric vehicle-maker Karma Automotive announced pricing for its first all-electric car will start at $79,900, as the company prepares to take on Tesla and break out in the burgeoning upscale electric vehicle market.

The car can be reserved for a fully-refundable $100 deposit on their website. The design for the Karma GSe Series sedan has yet to be released but the company said it would retain the low-slung sporty profile of the company's signature car, the Revero GT, with a powertrain configuration, 21-inch wheels and vegan leather interior standard. Karma said its range will be "north of 300 miles."

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Electric car company Fisker is getting ready for its Wall Street debut, adding C-level executives and snapping up a slick 73,000 square-foot headquarters in Manhattan Beach that it's calling "Inception."

The leased headquarters will house the now Torrance-based company's design and engineering team as it ramps up to deliver the "Ocean SUV" by the fall of 2022. The company said it will double its size, bringing on about 100 employees over the coming months, most of whom will work out of the new headquarters.

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