Fisker Inc (FSRNQ)

[OPKOHEALTH2022]

What people don’t know about Tesla and Fisker is right here in this court case.


“Tesla Motors v. Fisker Coachbuild (2008)”
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On 14 April 2008, Tesla Motors filed a lawsuit against Fisker Coachbuild, Fisker and Koehler, contending that they had fraudulently agreed to a design contract in 2007 only to gain access to confidential information, before announcing a competing vehicle, the Fisker Karma. Both the Tesla and Fisker vehicles in question were designed as serial hybrid cars, with a gas engine powering a generator that charges a battery to power the electric motor, and both were initially planned for delivery in 2010. The lawsuit sought to prevent Fisker from using Tesla design documents, along with a return of the money from the Tesla contract, plus punitive damages.[50] Fisker filed for arbitration in May 2008. An arbitrator ruled in their favor in November 2008, finding "overwhelming" evidence showing that Fisker did not do anything wrong.[14][51] Subsequently, Tesla was ordered to pay $1.14 million in legal fees and costs to Fisker.[52]