Fisker Cloud, American Lease, Bankruptcy Deal Explained in 7 minutes

[@K9Trixx]

This is the most positive Fisker coverage I've seen

[@Aslash304]

The sun has to shine sometimes.

[@jjScorpio]

As always, thank you for your continued knowledge and support Adam! We all truly appreciate it! 🙌🏽

[@Aslash304]

Thanks for watching!

[@bheppes]

Very hopeful news ... we knew we'd have to pay something... hopefully it's not huge! That would make the argument for overall cost vs a gas car ... a different calculation. As always, the best Fisker media source out there ... is here!

[@Aslash304]

Thanks so much for the kind words. It is hopeful. I don’t think the price will be a “gotcha” type of number, but it will take a lot of driving to offset the cost. Hopeful news, nonetheless.

[@mschruntek]

Thanks again for digging in, doing the hard work and explaining it simply enough that even the most baffled of us out there (me) can wrap our heads around.

[@Aslash304]

I’m really glad you could find some value from the report. Thanks for your support!

[@ScottBassin]

Thanks for the summary, Adam. Seems like some surprisingly good news given where all this has been headed.

[@Aslash304]

Yes. Yes it is

[@ghoffman1171]

Adam, you made my weekend! Appreciate your updates.

[@Aslash304]

Thanks for watching!

[@ned-qo3cc]

Excellent presentation Adam, THANKS for keeping us so well informed! I/we greatly appreciate your efforts. Regards, Ned

[@Aslash304]

Ned, Thank you for taking the time out to tune in! I appreciate the kind words as well! Cheers, Adam.

[@bernssss0820]

great info! Thanks! Perfect video to watch as I sit in my Ultra while charging...

[@Aslash304]

Here’s to more trouble-free miles ahead.

[@markread2432]

Thank you for update. It does sound like somewhat good news for owners.

[@Aslash304]

Thanks for watching!

[@victoriasansome4049]

Thank you!

[@Aslash304]

Thanks for watching!

[@EM.1.]

Do you think Nissan would circle back to buy Fisker IP from Heights? Heights is a money preditor and will want to sell the IP for money ASAP. Fisker tarnished the Ocean name so the Alaska and Pear are good to go.

[@Aslash304]

It’s hard to zoom out. But let’s do that. What you get is designs for vehicles, and information on how to build the Ocean, and partly the Alaska. The PEAR was just a prototype. How much is that worth? The companies that would be interested in it can’t afford it, and the companies that can afford it don’t need it. And even if someone buys the IP, the shares are still going to end up worthless. It’s in the deal. The company will end. Nothing can change it. Do you have an outcome that you’re looking for?

[@stefanwalser2824]

thanx adam...excellent job....i just wonder how all of a sudden everything should turn out good......hmmmm?????

[@cristianfleming8313]

Because we spent four painful months fighting for this outcome in stealth.

[@Aslash304]

It’s not good. It’s not bad. It’s definitive. Last week, the cloud problem was completely unsolved. A deal has now been made. So, instead of owners worried about bricks in the driveway, they can worry about the dozens of other problems the cars, the owners, and the FOA face.

[@bernssss0820]

man, one of your old shorts from last year when European MPG estimates came out popped up randomly yesterday.... everybody was so optimistic back then haha.

[@Aslash304]

@@bernssss0820 A different outcome. For certain

[@abaza.ibrahim]

Have you ever wondered why American Lease doesn't consider investing in Fisker to support the company's survival? It seems like a potential win-win situation for all parties involved, including the FOA, American Lease, and Fisker.

[@derricktint]

It would only be a win for American Lease if fisker was a profitable business. 46 million dollars may seem like a lot of money, but nowhere near enough to turn fisker the company around. Investing in fisker inc is a good way to throw away money.

[@abaza.ibrahim]

@@derricktint Well said

[@Aslash304]

American Lease single handedly saved the bankruptcy from a shutdown of current vehicles. That’s a pretty big contribution.

[@abaza.ibrahim]

@@Aslash304 I appreciate your kind insights. Stay blessed

[@EM.1.]

What is going on with Fisker Austria? Will they be completely liquidated or become a spin-off company as they are restructuring themselves with perhaps Magna Austria?

[@Aslash304]

Fisker Austria’s assets will be sold and the proceeds will transfer heights and the liquidating trust. The IP will go to heights. It’s explained in this video at the timestamp included kzbin.info/www/bejne/ZmbGi5SVi5V1l9U&si=2UILaKZ9ciMLHZzr

[@Derpy1969]

The Fisker show is a great train wreck to watch. Thanks for your updates.

[@Aslash304]

Happy to report on it! Thanks as always for watching!

[@bitmanev4331]

So it was only the Domain Name needed?

[@Aslash304]

The domain is hard coded to the cars. It can’t ever be another. That was the problem

[@bitmanev4331]

@@Aslash304 I know so you need to get the domain and Bob is your Uncle. Then you can point it to any IP number on the planet... And may be with a Firmware updfate you might be able to change the domain name or add a hostname file in /etc re-directing to what ever host / domain.

[@Dridas-X]

What happens if we refuse to pay?

[@Aslash304]

If you don’t join the FOA you’ll lose the cloud, so if you 12v dies, your California mode won’t work anymore. If there’s a future problem that can be solved with software, you’ll be without it, unless there’s a recall. I’ll address this further in a future update.

[@Dridas-X]

@@Aslash304 I'm a member of FOA, but it seems we're going to have to pay for a monthly service soon. If we don't pay for it we'll lose features that we already paid for? Since I haven't received 2.1 or 2.1, and those are part of a recall...seems this is going against what the DOJ has said - you can't make owners pay for recall service.

[@antonk1893]

Think it's time to get rid of this car 😅.

[@Aslash304]

Understandable. While the news is certainly a positive outcome, The price of ownership definitely went up.

[@antonk1893]

@@Aslash304 . The news is great . Maybe I should part out the car .

[@shekharmoona544]

Rich Benoit likes this.

[@Aslash304]

Ok, sure

[@samankhahan]

Do you think if Fisker can survive?

[@wizzyno1566]

No, it cant.

[@effingsix3825]

It’s reasonable to expect that corporate players in the venture capital space will emerge in the public auction of Fisker. We’re not there yet.

[@Aslash304]

This version of Fisker is bound by contract to die. It legally cannot survive.

[@effingsix3825]

@@Aslash304 I think Fisker is already ‘bought and sold’ because of the venture capital interest alone, and the very obvious involvement of American Leasing. The contractual obligation that hasn’t been made public and only mentioned once in the docket filings was ‘escrow arrangement.’ What is difference between chap. 11 reorganization, and chap. 11 liquidation? A change of ownership. That means the extinguishment of the shares and the issuance of new equity. Because the public listing is crucial, so is the U.S. domicile, especially after sanctions have been applied to Chinese EVs. But that also means creditors are made whole. The capital for doing so was raised on the downside in the shorting operation.

[@wardpaine8194]

cloud!

[@Aslash304]

Yes. A nightmare result as a byproduct of poor decision making

[@Michail_Zacharioudakis]

What about European owners?

[@wizzyno1566]

Nobody cares.

[@cristianfleming8313]

Included. The cloud arrangement is global.

[@Aslash304]

What he said: it’s one cloud for all the cars.