Fisker Inc (fka FSRNQ)

[OPKOHEALTH2022]

Good post on Stocktwits:
Mikewithb
6m
$FSR Most overvalued ev stock. This is like book example what not to do.

CTO & two CAOs leaves
Cant deliver their inventory
Reduced goals to only few cars
Zero insider buying
Lawsuits
No Foxconn deal
Family managed company with zero experience
Penny stock
Cant raise capital easily with current market cap
Lying to investors
Overstating orderbook
Lots of cancellations
Software is laggy and full of bugs
Features not developed/available
Lots of issues with vehicles like ADAS issues, battery dying, automatic braking issues etc.
Lots of debt
Lots of missed delivery guidances
Based on country specific data deliveries have slowed down
No buyers
Henrik even lied to pope
Their sale system failed and need to switch to new one
Dealers not interested only one deal in a month
Sponsoring events when low cash instead of prioritizing marketing
55 safety complaints to nhtsa
Nhtsa launched official safety investigation
Lots of dilution, note holder can dilute even more and next month they dilute more
Bearish