Fisker slash prices by $24k

[Mikebentley]

Fisker appear to be in a world of pain. They have announced a sale/price reduction in US starting 29/03/24 of -£24k. That brings the entry car down to $25k. Apparently some stock cars have paint and wheel options included that alone have a price of $7k.

This looks very much like a fire sale but unless they release the API etc these could become very heavy paperweights.

Thoughts?

[Mikebentley]

Thought I would repost my original post as it received zero comments. Is this the thing with Fisker, no one cares?

[Mikebentley]

I looked at registering an interest when they were announced. They then went to a model whereby only one leasing company were offering lease options. I then gave up as it all seemed a bit odd. I’m UK based and believe the offer is on US stock starting tomorrow. I saw it on Reddit yesterday.

[Mikebentley]

TooLateForAName said:

Rough101 said:

Shiv_P said:

The stock price drop appears to have been driven by the video by MKBHD, a very large tech youtuber - https://www.youtube.com/watch?v=6xWXRk3yaSw&t=...

Which is bizarre, as basically it’s just software bugs and he even says in his video that updates are incoming but only makes it clear in the comments that this was a pre-production car.

Is the price drop driven more by the fact that the company has basically gone bust?

I would say so. If they do go titties up then there should be some regulations that software (API?) is made openly available. Otherwise these could be essentially bricked.

[Mikebentley]

He ( Fisker) seems to me to have some talents towards design. The Ocean, Pear, Alaska and Ronin all look great to my eye. The problem is he does seem to blow peoples money. Karma went down this route and what a surprise it seems to be happening again. Maybe Ineos Jim should buy the company for. £1 and finish the job Henryk started.

[Mikebentley]

Zed Ed said:

UK price cuts too, but possibly still a tech project only for the brave

At least they are honest; footnote to promo email

“Due to the current economic situation of the manufacturer Fisker Group Inc. and the Fisker sales companies in Europe, there is a risk of limited support and limited services for the vehicles. Buyers must expect a permanent loss of the enforceability of claims for material defects and warranty claims. By concluding a vehicle purchase contract after April 5, 2024, the buyer of a Fisker Ocean declares that he has been informed accordingly and nevertheless wishes to purchase a Fisker Ocean in view of the risk described.”

What’s the UK reduction? I couldn’t place a personal order when they were announced and someone on here (PH) said they were only available via one lease company. I read somewhere last week that 40,000 people cancelled their orders of 70,000 pre orders they had.

[Mikebentley]

That’s the buggers. OnTo. It seemed the only way to get one was via a lease with them but Fisker were still happy to take a deposit. It was all a bit suspicious to me so I kept my deposit.

[Mikebentley]

I said earlier Grenadier Jim should buy the business and get it sorted. Not a huge fan of him but he could just make it work. He could rename it the “ Dog and Duck”.

[Mikebentley]

autumnsum said:

Evanivitch said:

That's insane money for a 113kWh battery. I suspect they border on impossible to insure given the lack of replacment body parts.

They will probably be sold for parts.

The car was a hot mess anyway just look at the reviews on youtube.

I wasn’t aware anyone had one in the uk. That could end up being an expensive ornament.

[Mikebentley]

autumnsum said:

Evanivitch said:

That's insane money for a 113kWh battery. I suspect they border on impossible to insure given the lack of replacment body parts.

They will probably be sold for parts.

The car was a hot mess anyway just look at the reviews on youtube.

I wasn’t aware anyone had one in the uk. That could end up being an expensive ornament.

[Mikebentley]

JD said:

Mikebentley said:

I wasn’t aware anyone had one in the uk. That could end up being an expensive ornament.

There's been over 350 registered in the UK!

As I said earlier you might wonder why someone like Grenadier Jim doesn’t buy the business. Fix the software and hey presto instant EV production. I know over simplified solution but a lot of the R&D etc is done already.

[Mikebentley]

I would imagine production has stopped already