Fisker: 18 Years of Cash Burn and Failure

[@wallstreetmillennial]

Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: www.youtube.com/@BrokenBusinessModels

[@StephenGillie]

He should have stuck with scissors 😁

[@DundeMan]

@@StephenGilliethat’s Fiskars. Different company

[@tayzonday]

Moral of the story: find yourself investors who love you like venture capitalists love Fisker ✊

[@therealmalik]

I love you tay zonday never thought id find you on a WSM video!

[@jahjoeka]

I found the GOAT y'all! Chocolate rain still hits today, shit don't change.

[@tocsa120ls]

You'll find this in every industry. There was that slick handgun in Beverly Hills Cop II that was made out of stainless. It's called the AMT Automag and currently it's the 4th company that relaunches it because every single one that did before, went bankrupt.

[@trungson6604]

Another moral in the story: "If at first you don't succeed, try and try again..."

[@CheerupA1]

Chocolate rain > Fisker

[@ccash3290]

He may be a bad car salesman but he is incredible at selling businesses to investors

[@StephenGillie]

Good bad car company salesman.

[@DavidJones-pv8zz]

he should be in jail for losing so much investors money

[@alexng4]

He's a marketer and a designer.. So he's good at selling hte idea.

[@Joker3333]

He's a very good liar, yes!

[@azul93gt38]

The solid state battery claims seem like intentional deception, but investors should have known better.

[@brick578]

Famous last words “it merged with a SPAC”

[@taWay21]

If you shorted SPACs across the board since 2021, you wouldve made a killing.

[@Dragon-Believer]

Spac sounds like a racial slur from the 50s.

[@Dragon-Believer]

@theodoreolson8529 hey now, we don't want no trouble with no reefer addicts

[@Jeez001]

Wallstreet lobbied heavily to prevent SEC from placing more restrictions on SPAC deals..

[@samsonsoturian6013]

There's a clear negative selection bias. These are the companies that would fail a normal IPO

[@Jsmith1611]

This is a massive success, but for Henrik. He managed to remain CEO after a decade of delivering zilch and has a 2 bil valuation. A silver tongue > hard work

[@Autovetus]

Hah.. so true..

[@herogebrial]

Exactly

[@Turbomgzt]

Sadly Ocean owners and stock owners still think Risker Inc is a safe and solid company. It's toast. But say anything negative in forums and they accuse you of being a short seller or a Tesla owner/employee. I am neither and simply read and post reports from new owners and the problems they have. With the car and customer care.

[@AndreKosinski-yx7rg]

Typical dirty craut

[@serioserkanalname499]

Gotta admire the determination, this guy must be getting sued 24/7 yet he keeps trying and refusing to learn anything from each failure.

[@TrueGrantsta]

He's clearly learning something since he's doing something different, and getting better results, with each subsequent venture.

[@vincentorlando6767]

He's a fraud......becoming a billionaire

[@trungson6604]

The moral in the story: "If at first you don't succeed, try and try again...no use being a damn fool about it"

[@MossMini]

Admire his determination to keep conning people's livelihood yet, have no issues.

[@josephjohnson2387]

😂😅 WILD BOY. HE GIVES NO FUCKS. GIMME YOUR MONEY AND LET ME ROCK 😂😂😂😂

[@donvin999]

How on earth did he lie about having the battery tech and not get prosecuted by the SEC???

[@samsonsoturian6013]

Prove it. The batteries hadn't been invented yet

[@shadowninja6689]

Agreed, Fisker is hardly the only one who has blatantly lied about solid state battery tech either. Toyota has also been blatantly lying their asses off for over 7 years now about how they totally have a solid state battery that let you travel well over 1000+ miles on a single charge. And yet the only EV they've brought to market doesn't have it, and has very underwhelming battery specs for the price of the vehicle. And the worse part is the mainstream media constantly eats up their lies each time they make a public statement about it, and none of them call Toyota out on just repeating the same lies every year and never showing anyone proof they have anything.

[@carlanderson5068]

@@samsonsoturian6013 That's the proof. He said it was done (not theoretically possible, but ready now), and here we are, years later, and it doesn't exist, with what, even now, would be one of the more physically impactful technological advancements of my lifetime, and it still doesn't exist.

[@samsonsoturian6013]

@carlanderson5068 fair enough, but the SEC is backlogged enough and the investigation complicated enough it's not going to happen in any sort of timely fashion.

[@oldleatherhandsfriends4053]

They very well could have it, but that doesn't mean it's economical to produce or even can be produced at scale.@@shadowninja6689

[@andrewmcalister3462]

700 miles in 1 minute. Even if the battery can accept power that fast, short of backing it up to your local nuclear power station, there is no way of delivering that much power to the charging point. Unless he is claiming it is powered by Mr Fusion???

[@Dragon-Believer]

1.21 Gigawatts

[@chiquita683]

He should have been arrested on the spot

[@useodyseeorbitchute9450]

Maybe it requires plugging a car directly to HVDC transmission lines? :D

[@samsonsoturian6013]

​@@chiquita683prove he was lying and not simply optimistic or incompetent

[@jameskelly3502]

​@samsonsoturian6013 Let me guess, You're an Elizabeth Holmes/ Elon Musk/Adam Neumann/ Billy McFarland fan.

[@andyharman3022]

I love the bait and switch tactics: At the public introduction of the car, he announced a price of $37000. But when it actually goes on sale, you can't buy one at that price. You have the opportunity to buy the limited edition introductory model for $69000. But wait there's more! These extra mandatory options bring the price to $73000!

[@robbylebotha]

Putting that much energy into anything is called an explosion. You sir have built a bomb with a one minute time. Congrats

[@punchtalestudio]

In Hollywood you are as good as your last hit. In raising capital you are as good as your last bankruptcy

[@justindressler5992]

The battery tech straight up fraud day one. The only thing that would accept that much charge is a capacitor which has vary low energy storage.

[@kaosaelee3922]

Man I invested in Fisker Stock and regretted it so bad.

[@weird_law]

Have to admit, his designs are really rad. Should have just stayed as a designer.

[@TheEVGuy-rx9ju]

You have to drive a Tesla with a statement like that !!

[@alexng4]

Actally, as a designer..he kinda a one trick pony. Because all of his designs look the same.

[@TheEVGuy-rx9ju]

Could be worse you could want to buy the ugliest vehicle ever the 80s looking cybertruck yuk

[@alatmancave7093]

@@alexng4 Fisker Ocean looks like Fisker Karma? no it doesnt ,, Tesla Model S looks like Fisker Karma because Henrick Designed it

[@alexng4]

you are missing my point..All of his designs looks they same..@@alatmancave7093

[@Miwna]

That's a bit peculiar. I saw an advertising board of Fisker in the center of Stockholm yesterday, and thought to myself "are they still going?!". I had to look it up to see if they hadn't been sold to some Chinese company or such. Nope, still the same guy. incredible.

[@obsidianjane4413]

They would probably actually come to market if they were Chinese owned. lol.

[@qwaszxerdfcvtyghvb]

this is stupid, not incredible... this is not business this is money burning scheme.

[@martinmcnulty8155]

It's a different company. It's explained in the video.

[@tomross4599]

@@obsidianjane4413Fisker are shipping about 1000 cars per month as of the last press release, so it’s not not in the market.

[@MiddlePath007]

The guy is Chinese, he's just the face

[@velocirapture89]

If that battery technology were legitimate, it would be one of the most important technological advances in 100 years and worth much more than his silly cars.

[@TyTyMcGinty]

It would have propelled us to the next level of civilization

[@larryo6874]

As the Spartans said, “If”.

[@LoneWolf-wp9dn]

you can make solid state batteries... theyre just not very useful or easy to produce... so anyone can claim they have it

[@velocirapture89]

@@LoneWolf-wp9dn Sure, but this guy was claiming to have revolutionary technology. Very fishy...or should I say "Fiskar"!!

[@endintiers]

It is real, but only to the scale of a watch battery.

[@huddunlap3999]

He didn't fail. He got rich.

[@herogebrial]

That's the name of the game

[@ricseeds4835]

2:40 "It'd be a big ask for any investor to fund his new venture after his previous venture failed so spectacularly." Actually, it'll be super easy, barely an inconvenience!

[@rrnonya5472]

stop it. just stop. This isn't pitch meeting, or is it?

[@issamelarmi]

So he fails multiple times before, and people still give him money. At this point they really deserve to lose

[@archigoel]

Its basically super success of Tesla. That made investors mad for funding the alternatives.

[@GradyBaby13]

Exactly.

[@rohanpawar2166]

There are 100s like masayoshi son who think they will hit their jackpot one day

[@mukamuka0]

99% of those are institutional investors which mean what they've lose is not their own money, it's customer money. So, they probably don't care much

[@alatmancave7093]

how many time Elon failed you clown ?

[@d15577]

Henrik Fisker did it again

[@zachkeister-hf7ni]

If you’re dumping a lot of your money into a new automaker that’s working on technology we already know to require a significant amount of development before can be produced at scale, you’re at least 50% responsible for anything that happens with your money.

[@LoveClassicMusic0205]

Stuart Varney wasn't buying any of it. The speed of charging has nothing to do with the battery type, but the amount of power which can be delivered at any one moment. That's why there are different levels of chargers. A level 1 charger charges at a rate of 3 MPH because that's the most power which can be delivered by a 15A 120V outlet. It would be impossible to deliver enough power at the rate necessary to recharge the vehicle in one minute.

[@jonathanj8303]

That's not entirely true, because battery type/tech/chemistry does put a hard upper limit on how fast you can recharge them without overheating or other problems. But Fisker's claim was obviously ridiculous, and no battery could accept energy that fast. Taking his 500mile/1minute claim, a reasonable rule of thumb is that an economically driven EV get about 5miles per kWh. So 500miles likely means roughly a 100kWh battery pack. If you want to charge that in 1 minute, simple maths says is 6000kW flowing in. 6MW = 8000hp, the power of a modern electric locomotive in the 80-90 tonne range. And 24 times the maximum permissible charging rate on a Tesla model 3. No battery is 100% efficient at accepting charge, the waste heat alone would cook it. Plus even if you has a 1000v charger, a 6000amp cable is quite the beast. It can't be true, and even the most basic due diligence should have caught it.

[@useodyseeorbitchute9450]

@@jonathanj8303Just plug it directly to HVDC transmission lines. ;)

[@Guishan_Lingyou]

@@jonathanj8303 Certainly Fisker was planning to use a 100,000v charger in order to keep the current and thus the wire gauges manageable.

[@jonathanj8303]

@@Guishan_Lingyou pretty much. Though it might have been cheaper to just run catenary wires down every street.

[@JamesBond-uz2dm]

He meant if the battery got hit by a lightening bolt.

[@Nohandleentered]

Fool me, fool me, fool me three times, eh heh, you can’t get fooled again 😂

[@roveirdatu3851]

I saw one the other day. It looks really nice. Now after seeing this, it makes sense why I don’t see it as much.

[@roveirdatu3851]

@@danwipper they’ve been around for a long time now. Seems like they make strong claims but cannot back it up.

[@balajinarasimhan5346]

the quality of the soldering at 3:15 is enough to tell me about the technical prowess of his engineers!!

[@fredtucker4910]

😂 woow thanks for pointing that out.

[@vernefits1953]

4:03 interviewer sounds like infomercial guy

[@Xerxes02]

lmao

[@runeaanderaa6840]

I saw a Fisker car yesterday. It looked pretty good.

[@dulio12385]

He should just change the name to Fister, cause that's more or less what he's doing to his investors.

[@NickanM]

Without any lube.

[@fabiokaya202]

lol

[@Danfromthenorth]

It is a shame, that Fisker’s companies never succeeded. He might not be Elon Musk when it comes to manufacturing or doing business, but Fisker is a great designer. Would have loved to see him design a new Tesla (different form the current offerings, which very much look the same)

[@LuciFeric137]

Uber should merge with them. FTX could bankroll it.

[@someyoungguyjohnson7239]

And put BLM on the board.

[@alatmancave7093]

Tesla already did unofficially ,,,every uber driver is now driving a Tesla 🤣🤣🤣

[@JoshuaFinancialPL]

enron could do their energy

[@I_Am_Your_Problem]

@@someyoungguyjohnson7239 Who?

[@taWay21]

Bro is a perfect example of why PE/VC funding is a broken, incestuous system. How does this scammer keep raising money when legit founders struggle every day to beg for money

[@obsidianjane4413]

Because its all about who you know and how you can sell BS, not a product.

[@michaels543210]

Yeah I was thinking that too! The man never made a profit in his life, but somehow our system still made him a billionaire.

[@tomross4599]

@@michaels543210 Have you heard of Adam Neumann? Through WeWork, he became a billionaire by burning $13 billion of investor money. Now he’s got a new startup which already got $350 million in VC funding.

[@skierpage]

He lied about the battery (maybe someone scammed the scammer?), but each of Henrik Fisker's companies has produced and sold cars. The cars just weren't desirable enough at the price charged for enough people to want one that the company could make and sell enough to make a profit.

[@mramaretto114]

The wework guy got new funding also for a new company

[@surf2553]

Do an updated one, lots of things have happened in the past 6 months…

[@paulinejackson5861]

1 minute charge for 700 miles = surely the car will catch fire during the recharge? Imagine the heat

[@skierpage]

500 miles. About 7.5 megawatts going into the battery!!!

[@jordig3412]

he didn't say you could recharge it twice...if the car explodes, maybe you get 700 miles , or parts of your body ....

[@tipoomaster]

Is there a video of this Henrik hearing shown?

[@proterotype]

I love your guys stuff. It’s helped me understand where value comes from in a company. I wish I knew about your other channel earlier

[@mammamiapizzeria4911]

Can you share your insights please? It would be very helpful to me.

[@hwhack]

As a EE, I love it every time I hear a BS artist talk about batteries. They have no understanding what-so-ever about battery chemistry. BS artists can't tell the difference between words and reality.

[@JustMe-xb4ey]

Easily the best business channel on youtube! Keep up the great work brother!

[@ajtam05]

Dude embodies the phrase, "Insanity is doing the same thing over and over again and expecting different results." 😂😅

[@Brayness]

"guarantee" is misspelled at 6:35

[@lighthousesaunders7242]

Not sure why you excluded this significant chapter in Fisker's awful track record: Early in Tesla’s formative period in Elon Musk sued Henrik Fisker, unsuccessfully, for breach of contract. He accused the famed car designer he brought in to help style the Model S with doing reconnaissance in advance of launching a rival maker of rechargeable vehicles. Etc

[@vindevhunta4905]

Keep pushing One day you’ll find the right formula

[@JohnGotts]

The thing about buying obscure car brands is that even if the car turns out to be great, who will service it 10 years down the road? I think leases only make economic sense for millionaires, and this one would be good for a three year lease to show off at the country club.

[@henrylima6974]

Asuming Fisker wont be around in 10 years is a bit naive

[@carlanderson5068]

@@henrylima6974 I'm curious why you think that, considering this wouldn't be the first failure, of a car company, for this one guy?

[@22phan]

Telsa roadster was a Lotus chassis. Lotus gets their engines from Toyota. RIVAN gets their parts from Hyundai

[@krmr]

You can still find parts for the Karma. Servicing cars of dead brands is doable. There are always enthusiasts in the car scene.

[@henrylima6974]

@@carlanderson5068 just because one person fails once, dosent that they will always fail.

[@Turbomgzt]

500 mile one min charge ffs 😅 the heat exchange would melt the car!

[@SnowmanTF2]

While hardly his first failure, the phrase 'merged with a SPAC' seems is getting to be a red flag for company between major problems ahead and outright fraud.

[@michaelwagnest2425]

What is not said here: Magna has a stake in Fisker - and Magna is big and great.

[@cfzcfz]

Yeah strange this was left out when it changes the outlook on things dramatically lol

[@youtubemaster3449]

also the ocean sport is cheaper because it has a lfp battery and probably still has nice margins on it

[@simonsmashup]

It takes a typical EV around 160 KWH needed to travel 800 Km. He claimed 1 min for 800Km. That means 9.6MW charging rate. WTF am I even calculating?

[@WillieFungo]

One must wonder how some people manage to constantly get extreme opportunities like this. It's clearly not his skill or track record.

[@GradyBaby13]

Agreed!!!!

[@Derekzparty]

500 miles of range in 1 minute ... Let's assume a 90 kilowatt battery According to forbes a tesla level 3 charger is able to charge a 60kwh battery in 30-40 minutes at 250kw/480 volts Since our battery is assumed to be 50% larger we can increase those times to 45-60 minutes. To charge this hypothetical 90kwh in 1 minute we would need 45-60 times the wattage and therefore voltage. This brings us to 21600-28800 volts. The only other way to raise current would be to drastically chill the cable and lower its resistance to preferably 0 ... LK99 could have helped us here!

[@brunoheggli2888]

Fisker is the best!

[@johnnyonthespot4375]

I Don't get it ... If I was a chef and my kitchen was hit with food poisoning and I shut that down and started another kitchen and again - Food Poisoning - How or WHY would anyone give me a dime to start a 3rd one ?!!? I just Don't get it .....

[@Danfromthenorth]

I like his designs, they are standing out from the crowd, the price point is very attractive as well. The reviews of the Ocean are above average. Not perfect but better than expected. He would not be the first guy to have failed multiple times before an actual success (if he does so). It’s rare to nail it the first time. 99.99 % of the population will never be successful at any business, so he is already ahead of them. I think he has a chance this time. Not a big one though. It’s a tough business. But if anyone thinks that Tesla was a safe bet with no actual risks at its IPO, they are delusional.

[@skierpage]

Reviews of the Ocean point out many software and driving flaws that still haven't been addressed. That's not "above average."

[@Danfromthenorth]

@@skierpage you are right about that. Since I wrote it, many bad reviews have come out. His chance of success is getting increasingly smaller. My point about his designs holds. You shouldn’t blame him for trying, and it was his best attempt at creating a car company. Of the 1,000s of auto companies throughout history only a few have truly succeeded. That’s just the name of the game.

[@tiemenstaal]

Not sure if his investors just have that much cash to burn or if their blind greed just gets the better of them.

[@prav077]

9:33 68,000 cars yearly to breakeven? Breakeven from what they are alredy making 10% GP on their cars. They don’t own any fixed assets so their net profit margin would be atleast 3-4%. I’m not very your “breakeven” thing, please anyone explain.

[@FFL3001]

What interface would be used to transfer 90KWH in 1 min? What power grid would these fast chargers be hooked up to? Imagine a line of cars queuing up for that 1 min zap of 90KWH, where will that power come from? Does Henrik Fisker have some ultra high volt cables running directly from the sun?

[@skierpage]

That's 5.4 Megawatts, 15 times the power of today's DC fast chargers. You'd need extremely high voltage, thick cooled charging cables, and the car running air conditioning hard to keep its power electronics and battery cool. In other words, fake fake fake fake.

[@kyliefan7]

New subscriber! Love your format, style and voice and really interesting!!

[@lawrencelopez9839]

one minute charge. There's a reason why batteries are gradually charged even with fast charging.

[@spankeyfish]

They missed the opportunity to price the Ocean One at $69,420, though that would be more of a Tesla gag.

[@muhammedsuleiman8047]

Dude fisker going to the moon look at that stock performance since this video! You were dead wrong dude

[@alejandrogiha7583]

Correction for the video: he didnt design THAT generation vantage but the previous one. The vantage you showed was designed after he already left.

[@001sander2]

My parents worked at Magna when I was a small kid 🥰

[@robertkerans1454]

While watching this Fisker video, KZbin gave me an advertisement for the Fisker ocean! Peculiar product placement

[@Hammerhead547]

Fisker cars look beautiful but they were absolute nightmares too maintain even when they were brand new.

[@jamesodell3064]

His companies may end up in bankruptcy, but I would guess that he landed on his feet financially. Has he sold any stock in his new company? Also I am sure he has received high salaries at his companies.

[@samsonsoturian6013]

That's how these legal cons work. Management knows they will fail but go through the motions of trying anyway to collect sallaries and sell stock for themselves and their friends

[@briankearn6991]

His compensation would be based on how much capital he raised. He gets paid first.

[@VintageTeak]

Yeah, it was fairly well publicized that he sold stock to buy a mansion in Hollywood.

[@vernefits1953]

fuzzy panda logo LoL

[@olakunle-dt5ed]

One guy said his Fisker depreciated 30 grand in 3 months.

[@QwertiusMaximus]

Fisker, the Vector of the new millenium.

[@lunam7249]

the what of a new who???😂😂😂😂

[@irbose9895]

Moral of story: you can lie your way to wealth just like Milton

[@xiaoka]

it's a amazing that the newest car is anything more than vaporware, but there's no way in hell I'd pay money for that thing.

[@martinmcnulty8155]

I definitely would. Fisker Oceans look beautiful. Better quality than Tesla too.

[@warshortsfacts]

Fiskers new vehicles are pretty good at performance and looks. Priced very well too.

[@xiaoka]

@@martinmcnulty8155this comment has not aged well. 😂

[@nicobellic2465]

I am rooting for him.

[@ronkonkoma4223]

​@@danwippermore than likely, there was a lot of effort put into the Fisker Ocean, I think the Ocean has the potential to take off and be one of the best selling EVs,

[@spawnofsatan117]

I wish I could just always borrow money from the government and never pay it back

[@brian_castro]

Last week, I saw a white Fisker Ocean One in the wild. I live in New Jersey right outside of Manhattan. It caught my eye immediately. I was driving right behind it for about 1/4 mile. All I can say about Fisker, compared to a lot of other Venture-backed tech startups, is that that company make a real tangible car that exists in the real world.

[@skierpage]

He's paying Magna to make the cars and will eventually run out of money.

[@VVS1920]

Car manufacturers typically recoup a good chunk of profits from warranty, servicing and parts sales. Returns aren’t solely expected from unit sales

[@skierpage]

New cars with all the software and driving glitches that Ocean drivers have reported _cost_ money in warranty claims.

[@stefanschneider3681]

1:12 I guess bottom right should be 23‘000, right?

[@TheTruth-cg8vj]

The electric current to charge anything that fast that wouldn't burnup, would mean the charger would be the size of a garage and the power leads would be about the diameter of your arms. You're looking at a current draw of at least 10000 plus amps. Your electric stove cooks food drawing 20 Amps. Business people are, in general, technologically naive.

[@JoelReid]

Why do people seem to believe that businesses have things that scientists and engineers struggle to achieve. Investors are just lucky fools.

[@ryanhalien8468]

Calling calling the bolt and the Kona SUVs is pretty generous lol

[@ronkonkoma4223]

Third time is a Charm, if at first you don't succeed try, try again. The Fisker Ocean is the world's most environmentally friendly car, with recycled materials, patent pending rotating screen, the first to have California mode, a mile range better than most in its class, a good looking exterior designed by a legend to the industry and much better price range than a Tesla. Any new business can fail but Fisker delivered a really good product this time!

[@andyharman3022]

I've been in the industry for 40 years and I can assure you that Henrik Fisker is not legendary.

[@skierpage]

Fisker will run out of money paying Magna to build its cars. It's a question of when, not if.

[@povertyspec9651]

There's a sucker born every minute

[@jiffyfaces]

Wow youtubes ad for this video is for “fisker ocean” how fitting

[@Victic005]

Investors and vehicle owners got FUCKED!

[@goatrectum]

3:11 "allows you to charge in one minute, and get more than 700 miles"

[@JFirn86Q]

I spit my water when I heard 500 miles range in 1 minute. I believe that would require about 7 MW of power... basically a powerplant big enough to power 7000 homes.

[@GarzaTrust]

Fisker is a beautiful design, it's not perfect by far but neither is the Tesla truck and everyone still lines up to buy it. EVs are unknown and uncharted territory for any company so no one will get it 100% the first time. What brings me to love Fisker: It's not Elon, they aren't trying to get to the moon and leave us behind they are just trying to make cool cars and that is highly respected. I can't afford one but it is my dream to take a US road trip in a Fisker

[@bladerunner6282]

regarding recent firing of CFO's: i suspect powers that be within the company had a disagreement with the CFO as to the content of his filing information and rather than file it as it was written decided to delay the filing and fire the CFO. then hired another CFO that also wanted to file the previous financial report or refused to file one the "powers that be" had prepared for the new CFO. and eventually had to file that one too. i can't help but think if the above is true (and it may NOT be true) that the true financial report is or would be devastating to the company's stock price.

[@wildernesscapes]

I'm invested a few hundred shares in FSR. I was selling covered calls, making good money, until the stock plummeted in 2023.

[@lephtovermeet]

It's amazing how some people can just fall up.

[@effingsix3825]

This is obvious, where the parts maker that manufactures cars for Fisker will buy them out, but the pricing scam gets thrown out.

[@realspenz]

And now, it’s bankrupt already

[@spazzypengin]

Fisker's motto: If at first you don't succeed, fail, fail again.

[@ryancuda45]

the car is around, being built and bugs i heard were worked out. it could have been a great hybrid

[@jhayjuarez6794]

I saw 3 in Greenwich CT, everyone was looking that car that almost never happens in Greenwich. People drive cars 200k in over.

[@MikeSmith-ph9hb]

Their inventory increased by 170 million so maybe that is why cash went down. They were spending money manufacturing.

[@89qwyg9yqa34t]

The charge time on those cars does not seem reasonable. That's a significantly greater output than a house can provide. It's not a battery technology issue. They'd have to upgrade the entire grid across the country.

[@skierpage]

Obviously you wouldn't bother charging that fast at home. But even at a fast charger that's 5 megawatts, which would require even thicker cooled charging cables and high voltage. The Megawatt Charging System standard for trucks and heavy commercial vehicles proposes charging at up to 3.75 Megawatts. It needs an expensive high power electrical hookup, but the grid can support it, electric utilities would make money selling more of their product, and overall energy use would go down compared with burning tons and tons of diesel.

[@tylerbarbaree7007]

Having started up complex operations... I would say they were only off by 50% in year two... not Too bad

[@pazuzuxx]

I'm shorting Fisker. Thanks ❤

[@BartSantello]

Good luck with that. The stock has been hovering at $6 for a year. Production is ramping. The stock will only go up from here.

[@ProfAzimov]

​@BartSantello Thats unfortunate

[@Mojavekight17]

1 minute in the video and the fisker name is cursed

[@Prosperousprotocols]

What a determined man

[@Kodakcompactdisc]

Losing $35000 per car is not sustainable.

[@ConnorStalions]

I second this

[@thehonesttruth8808]

Tx for letting us know

[@707Berto]

Ford says "hold my beer".

[@DrDiabolical000]

Oh

[@BartSantello]

Henrik wants to be successful. Failures happen for various reasons and you learn from them. The business model for FISKER due to contract manufacturing lowers the risk. And Magna has a 10% stake. Tesla opened the EV market and FISKER's SUV priced right is poised to carve a niche. Over 6,000 cars produced with production approaching 300 cars per day. Stay tuned.

[@ProfAzimov]

Why are you shilling Fisker?

[@Rollexm]

Wasn’t he the original designer at Tesla but he was designing his own car instead of designing the Model S?

[@martinmcnulty8155]

No that's what Elon Musk accused him of. But Elon Musk lost the trial.

[@Rollexm]

@@martinmcnulty8155 thank you. Didn’t know that part.