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Any real Verifiable DD that you can share about FSRN before you go to bed?
Twitter HYPE does not count!
Good night sweetie!
First Drive: 2023 Fisker Ocean Electric SUV Proves to Be Unfinished Business
By Keith Barry
Updated April 10, 2024
A bizarre delivery experience, disappearing safety features, and takeout tacos already mark the Ocean as one of the strangest cars we’ve ever encountered
My job is a great icebreaker: Whenever a stranger finds out I write about cars for Consumer Reports, there’s a good chance we’ll end up talking about all things automotive. That’s what happened back in 2019 when a friend of a friend asked for my opinion of the upcoming Fisker Ocean. The car wasn’t even close to hitting the market, but I already had a few thoughts. I told her that the concept looked good on paper—an all-electric compact SUV with 360 miles of range and a starting price of $38,900—but to be careful about buying from any startup brand, especially one whose founder already has one failed car company on his resume.
Five years later, my advice has largely been proven correct: Fisker announced that it is pausing production for six weeks “to align inventory levels and progress strategic and financing initiatives,” federal safety regulators are combing through a thick pile of owner complaints, and the Ocean sitting at our test track is still awaiting software updates before it evolves into its final form.
It’s not that I have some unique ability to predict the future. It’s just that making cars is really hard. It was hard for Preston Tucker in 1948, it was hard for John DeLorean in 1982, and it was hard for Henrik Fisker the first time around in 2012 when the Fisker Karma we purchased broke down before we could test it. It’s why the list of failed automotive brands is longer than our track’s main straight, and why success stories like Tesla and Rivian are so impressive by comparison.
Fisker made his mark in the 1990s as the designer behind the sublimely attractive BMW Z8, before moving on to Aston Martin and Ford. The Ocean is his second attempt at starting up an automaker: Fisker Automotive failed in 2013 after burning through $1.4 billion building fewer than 2,500 cars.
The Ocean is engineered and designed by a new company called Fisker Inc., but the car itself is assembled by Magna International, a component supplier and contract manufacturer in Austria that also produces the Jaguar I-Pace, Mercedes G-Class, and Toyota Supra. With unique features like a pull-out taco tray and a “California mode” that opens nearly every panel of glass on the vehicle, including the rear window, the Ocean SUV stands out even among an increasingly quirky crop of new EVs. However, the National Highway Transportation Safety Administration (NHTSA) has opened two investigations into the Ocean after owners complained about vehicles rolling away and partial loss of braking, issues which so far have allegedly resulted in two injuries. These and other complaints reported in the media don’t exactly inspire confidence in the product. Neither do our experiences with buggy software, features that disappear and reappear, and promises that future updates will activate options we already paid for.
Fisker’s financials aren’t doing the Ocean any favors, either. At this point, we don’t know how long Fisker is going to survive as an automaker, if consumers will be able to purchase the Ocean from another brand in the future, or even if Fisker is going to cash the check we wrote for the Ocean we purchased (they told us they couldn’t find it). In a statement, the automaker says it is “continuing negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America [sic] manufacturing.”
The company says it has delivered about 6,000 vehicles, but 4,700 Oceans are sitting unsold. If you’re a consumer who is still considering buying an Ocean, or if you’re an auto industry exec who is considering purchasing Fisker in its entirety, we encourage you to read about our early experiences with the Ocean first.
What we bought: 2023 Fisker Ocean Ultra (Yes, it’s a 2023—even though it was delivered to us in February 2024.)
What it competes with: Chevrolet Blazer EV, Ford Mustang Mach-E, Hyundai Ioniq 5, Kia EV6, Nissan Ariya, Tesla Model Y, Toyota bZ4X, Volkswagen ID.4
Powertrain: 468-hp, dual electric motors; 1-speed direct drive, 113-kWh battery; all-wheel drive
MSRP: $52,999
Major options: Big Sur Blue paint ($4,500); “Recylced” floor mats ($250—yes, it was misspelled on the window sticker and no, we have not received them yet. Perhaps they have been recycled onto another car.); 22” F3b SlipStream black wheels ($1,900)
Destination fee: $2,438
Total cost: $63,981
If you’re a Consumer Reports member, you can read our full initial expert assessment of the 2023 Fisker Ocean below. We plan to put it through our complete test regimen once we’ve put 2,000 break-in miles on the vehicle. CR members will also get access to the full road-test results as soon as they’re available.
https://www.consumerreports.org/cars/hybrids-evs/fisker-ocean-electric-suv-review-a2735159415/
The electric vehicle designer face a bleak future without fresh capital in the near future. California-based electric vehicle designer Fisker is on the verge of bankruptcy. According to a filing with the Securities and Exchange Commission this week, Fisker failed to make an $8.4 million interest payment in March.Apr 25, 2024
https://sjvsun.com/business/fiskers-financial-situation-plummets-as-bankruptcy-nears/
When FISKER BANKRUPTCY announced, the bottom will fall out so fast and make ones head spin
Fisker has to many issues for anyone to buy this troubled company!
Follow the Fisker show to see how this turns out....Its a no brainer!
Keep slappin the ask if ya do believe the HYPE!
Good Luck All!
Give it up, FSRN, its over!
The consensuses is that FSRN is headed to Bankruptcy !
The buy was before the KNOWN Bankruptcy coming!
Who is this PUMPSTER with FSRN ?
Care to share?
You are being a NIGHTMARE like me to the HYPSTERS an PUMPSTERS with IGPK
Keep it up to save the newbies that they need!
This SCAM is to easy
O/S almost maxed out! Reverse stock split coming to the 1.6 billion CHINESE company,
Everyone will become richer than Richi Rich
Flip and be happy
Fisker dumpig continues
https://ih.advfn.com/stock-market/USOTC/fisker-pk-FSRN/trades
That is so awesome, you always buying at the low and always sell at the top!
Again, that’s is so awesome
Fisker insiders and former employees are hopefull they can get out before Bankruptcy
FISKER needs some GAS, this EV is shorting out and running on 3 flats!
Will the FSRN BANKRUPTCY be Chapter7 or Chapter 11
Dive Dive Dive to BANKRUPTCY
FSRN DUMPATHON continues, look at all the sells!
https://ih.advfn.com/stock-market/USOTC/fisker-pk-FSRN/trades
When do you think FISKER will be filing for Bankruptcy?
No one want to buy the cars now on the street have to many issues, who would want that problem?
What happens if Fisker goes out of business?
"People are genuinely worried they won't have a working car if we go under." It's unlikely that every Fisker will be bricked overnight if the company goes bankrupt, Fiorani said, but some cars may stop working over time due to bugs or other maintenance issues that can't be fixed by a company that doesn't exist anymore.
Look at all that DUMPING, the insiders and former employees getting out before FSRN BANKSUPSY
Now FSRN has 2 HYPSTER/PUMPSTERS working together, what a wreck coming (BANKRUPTCY)
FISKER going Bankrupt, NUFF SAID!
Slap the ask and pump it up till then!
Buy after Bankruptcy news announced!!
Employees, former employees, and insiders are selling while the can before bankruptcy
https://ih.advfn.com/stock-market/USOTC/fisker-pk-FSRN/trades
The people let go were the backbone of Fisker!
If talks about a buyout are real then they would have not laid off key employees!
Nuff said.
Who would buy them out? No one wasnt to buy 1.3 Billion Debt and they have just layed off many key employees. The OCEAN has to may issues.
Chapter 7 or Chapter 11 coming ?
Do you Any Verifiable DD about FSRN?
Twitter HYPE does not count!
The verifiable DD I post about this headed to BANKRUPTCY company must be irritating, I fully understand
Have a nice day!
Will the FSKR BANKRUPTCY be Chapter7 or Chapter 11
Stick a fork in FSRN
Great buy for tax loss write off!
Try to focus on FISKER, not posters!
.................Fisker Just FIRED EVERYONE
Anyone else have an Verifiable DD about FSRN?
Twitter HYPE does not count!
You might think that you're down so much already, what does it matter if you keep holding it? The worst outcome is that the stock will become worthless. That looks like a real possibility here. If you want to salvage any of your investment, selling is probably the way to go.Mar 16, 2024
https://www.fool.com/investing/2024/03/16/fisker-stock-buy-sell-or-hold/
However, with the car currently in an incomplete state and Fisker's future uncertain, Edmunds recommends that you do not buy the Ocean, with caveats.
https://www.edmunds.com/car-news/do-not-buy-a-new-fisker-ocean.html
FSRN HYPSTER/PUMPSTERS are talkin to the hand. ROFLMAO
Why is Fisker failing?
“We do not currently have sufficient cash reserves or financing sources sufficient to satisfy all amounts due under the 2026 Notes or the 2025 Notes, and as a result, such events could have a material adverse effect on our business, results of operations and financial condition,” Fisker said in its filing.Mar 26, 2024
Total debt on the balance sheet as of December 2023 : $1.30 B. According to Fisker's latest financial reports the company's total debt is $1.30 B. A company's total debt is the sum of all current and non-current debts.
Chris Salvo, the CEO of EV repair shop Electrified Garage, told BI his company has received more than a dozen calls from Fisker Ocean owners asking whether his shop could service the vehicle if Fisker went out of business. Salvo said they likely won't.
It's already hard to get your Fisker fixed. Bankruptcy could make it impossible.
https://www.businessinsider.com/fisker-owners-worry-about-vehicles-working-bankruptcy-2024-4