Fisker stock plummets as debt explodes - only months before bankruptcy
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- เผยแพร่เมื่อ 6 ม.ค. 2024
- Fisker stock plummets as debt explodes - only months before bankruptcy
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I have a Fisker Ocean One and have lost a lot as a shareholder. The vehicle hardware and specs are amazing, there's nothing else like it. The software is continuously getting better. The software stability and responsiveness is improving exponentially; the latest OTA fixed a lot. On the other hand, many owners such as myself are very anxious waiting on proximity unlock and other features. Fisker is 90% there and they are greatly struggling. Your criticisms are valid, but you're conflating opinions and facts. IMO bankruptcy isn't imminent and I hope Fisker succeeds. Please have more empathy for Fisker and those that want to see Fisker succeed.
Muskrats are only going to think in their hive mind.
Everybody wants companies like Fisker to succeed but people are fed up with Fisker, Lucid, etc just soaking up billions producing expensive cars they can't produce at a huge loss.
That money could go toward a start up with a plan and a chance.
Phillip.
Lol.. you should try living in the real world and paying attention to history. Anyone with a brain knew bankruptcy was the MOST likely end for ALL these new car companies.. and even higher for a company from a guy who already had one go under just a few years before. You gotta be blind or dumb to ignore the risks. You wanted to buy in on the chance this was the next Tesla? Ok.. knock yourself out.. you know what the likelihood is of another Tesla success story in the next 50 years? Like
Agree. There are always complaints at the start. They're working through the software issues.
I have to say it doesn't look too good:
It's ok to make losses as a start-up if you're investing in fundamentals - eventually though you have to turn the investment into positive cashflow, on paper at least Fisker are really struggling in this regard, they have ceased virtually all R&D (not a good sign), their other operating expenses (excluding the direct cost of actual production) grew from $42mil Q2 to $78mil Q3 (admittedly relative to cars sold), they raised $450million in convertible notes in Q3 and turned it all into inventory and operating losses (plus some of the opening cash), they don't appear to be able to sell their way out of the hole because they have a negative gross margin on their cars, the $500+million in inventory will materialise as even bigger losses in forward periods if they continue on the same path.
In isolation no single one of these metrics is necessarily bad but viewed in totality it certainly appears like disaster is looming unless they are acquired / supported by someone with deep pockets in it for a decade long view, eventually they will run out of investors willing to take up debt and / or the debt issues will come at such a premium that the cost of capital raising will soak up any profits and cripple the bottom line.
Q4 financials will be telling - if they haven't been able to turn around the Q3 trajectory (which is possible) they are heading towards penny stock valuation territory.
It's amazing how many TH-cam ads I get for Fisker. They must be paying a bundle for that.
me to. hope its just because i look at a lot of car stuff.
All stopped now.
Market capitalization and enterprise value are 2 completely different things. If they are generating $1 million per day with $1.3 billion in debt, I am not yet buying your argument
Fisker has been a joke since the beginning. They've washed, rinsed and repeated this drama for decades... There are so many idiots in the world
the truth is that nobody is going to make a big purchase on non-proven brands, including the Chinese brands. it took almost 30 years for Hyundai/Kia to become one of the mainstream brand in North America.
Go visit China to see how their unproven brands doing in sales or see 808 chanel
Byd is dominating here in Asean. Best selling ev by a wide margin in Thailand. They have just begun building their assembly plant to service the right hand drive market in this region and down under.
LOL, BYD is flying off the shelves here in Europe, just like Zeekr and NIO. So that's simply not true.
@@OverSoft we must be living in a different planet. Google their sales number. BYD 2023 accounts for less than 0.1 % of market share. They sell must of their cars in Asia and developing countries.
@@OverSoft for 2023, BYD sales market share in Europe is 0.1%.
They have 650 million cash on hand plus another 550 million redeemable, the loss per quarter was 91 million net and narrowing as revenue ramps each quarter, tell me how that equates "months" left before bankruptcy? Even if they only kept selling at current levels and never scaled, they'd have almost 10 quarters left of runway, and again revenue is ramping from here, and a bunch of one time machine cost payments are over.
I don't understand how it'll go bankrupt in a few months either. The math doesn't add up for bankruptcy unless they were overproducing and not selling at all.
Clearly his research was very lazy. This video should be taken down. It's embarrassing
You are assuming the loses will remain the same every quarter. Sales don't increase if you don't invest. Banks also are not going to give more loans and investors are wary to invest.
@@HarveysWorkshop They're starting from basically no sales...Revenue will ramp each quarter for a while. This is the basement. The loss is narrowing, not expanding.
@@tipoomaster you seem to think just because they will have sales they won't burn money. Just look at Ford or even Nio. Nio loses are increasing even as they increase sales. Nio is in a better position than fisker as they already have their own factory. Fisker doesn't which makes their products uncompetitive already.
Fisker makes beautiful vehicles
And lies.....
It kind of reflects ICE start ups in the 1900s where several early triers failed and the tech wreck at the turn of this century where several companies crashed. Every disruption causes casualties.
Fisker still has cash. It hasn't failed yet.
@@martinmcnulty8155 fisker has 520m cash on hand. But has a debt of 1.7B. They cant sell their cars and there is an investigation going on since yesterday about their brakes. If 4000 cars has to be recalled its game over. But its already game over look at the sp.
What I also never understood is why they want to release more models. They should have focused on one model first and improve that to an acceptable level and reduce the production cost first.
Rivian is doing the same thing. they keep introducing new models even though sales are not on fire
They always want to tease the future to fluff up the stock... Every automaker is guilty of it including and especially Tesla...
The next car is a full year away
Fisker is BK#2!
@@pamatthew99 What do you mean "keep"? Rivian only has 2 models, a truck and SUV that are identical apart from one having a box and the other back seats.
Have you looked at comparative numbers? When is enough, ENOUGH Viking? Fisker currently stands as the LOWEST debt EV company and has currently DIVERTED funds to software. Why are you trying to hurt the brand with your subscribers?
REFERENCE: I own a ONE. It gets me to work EVERY DAY. I’m in the military. It is Reliable.
RIVIAN: dept of $1.81B.
TESLA: debt of $4.39B. (Prior to recall)
LUCID: debt of $2.0B.
FORD: debt of $106.2B.
FACTS MATTER.
Simple. He has a position against the stock no secret on Stockwits. Shame he's not disclosing this on his video acting as if non biased
@@usakesNot if that "service" includes aiding Israel commit mass murders of Palestinian children - 23000 killed so far and many with phosphorus bombs. I wonder if this guy helped with the delivery of these phosphorus bombs.
@@hclau218 he followed orders. You can’t blamed any soldier. He joined to protect ppl and he had no choice but follow orders from the leads.
@@hclau218no he didn't I actually saw him pull out at least 10 Palestinian kids and babies from rubbles so if you don't know someone don't say shit like that
Nonsense. You’re trying to compare debt against companies with vastly higher annual sales.
With the NHTSA investigation, CFO unexpectedly leaving without explanation, receiving non compliance from NYSE for failing to report their quarterly earnings in timely manner, and the action lawsuit puts a big question mark on the future of the company if they don’t address these issues promptly. What would happen to the stock and share holders if they get delisted, will they go to reverse split, or get delisted and shareholders will be trading it on the OTC/pink sheets?! Which may not be a bad think as it will save them millions with filings and allow them to focus in getting their house in order And get relisted once they meet all the requirements. Will they go bankrupt? They might. Tesla went thru the same thing …they need to restore the customers’s faith in their car and service, fix all the issues (software) and be forthcoming and transparent …0 APR, promotions, and an affordable model
The Fisker Ocean has a real chance to put Fisker on the map. It's a decent Model Y competitor. Definitely more spacious and definitely more range.
They just need to "hold on".
The REVERO however is Dead on Arrival.
The KARMA probably suffered from the worst launch luck of any car ever, but even if it hadn't, the cramped interior, awkward dimensions and high price tag were a non-starter.
The REVERO is "all new" but it's still basically an updated and upgraded KARMA. It's small, it's cramped, it's impractical. It's similar to the Porsche Taycan. Porsche could NEVER sell enough Taycans to take on Tesla's Plaid Model S. The Model S is a large, practical family sedan with great options.
FISKER needs to advertise the Ocean aggressively.
06:18 - sounded like Sam’s autocue from the article he’s reading back to us just glitched!
You must be one of those shorting fisker stock
Lol you must be a fisker owner or investor.
Time is telling the truth. Hendrik isn't. Simple as.
There we have it. Fisker now toast.
Delisted and over a billion in debt and missing interest repayments.
Nissan deal gone.
Oh but it's Tesla to blame or fisker haters!
NO! HF and GF to blame! Simple!
TESLA, thanks to the cult of personality around Elon Musk, has all the advertising it will ever need. FISKER needs to advertise aggressively. They need AGGRESSIVE leasing on the Ocean.
Lucid is learning. Hopefully the GRAVITY will help them in sales.
The sad reality is, range anxiety is REAL. I just got a Cadillac Lyriq AWD Luxury 3. I LOVE my car, but I'm always speeding in it with the heater up and the massage seats rolling. I'm not trying to save energy and I'm not saving any. I have to recharge the car almost every other day. I have a home charger so it's not a problem, but when I pass by the public chargers and Tesla chargers, it's easy to see people sitting out in the snowing cold trying to charge for 40 minutes at a time.
When Tesla opens up supercharging to the public, that's when more EV sales will take off I think.
None of the chinese EV hv any public figure too, and considering the amount of anti-china videos we see everyday, yet they are growing.
I just checked - the Fiskers Ocean available in my country are all over 65k euros, in fact, close to or over 70k euros.... so... are no way cheaper than others...and corroborated with low sold volume, to buy an early production car is too risky for a regular person which makes the money going to a daily job. A regular person like me cannot afford to have surprises from his own car...
You just checked but then you didn't actually check because if you did you'd see there are 4 trims levels.
So stupid
@@evanscott976fisker now toast.
Who's stupid now?
Because a tech website reported that they've seen internal emails saying that less than 20 cars are selling per day at Fisker, doesn't necessarily mean it"s true. I read the article but didn't see an email actually attached to the article. I will say, they're obviously not selling enough or why go to the dealership approach? Having said that, being flexible and moving quickly to remedy the problem, to introduce their models here in the U.S. is a positive. They also have numerous awards in European countries for the Ocean model, which you didn't mention. Their problem in the USA may be with customer education/ introduction to the Fisker brand. The idea that they won't be able to sell cars going forward is speculative on your part. Do you have a short position in Fisker?
At this stage it's not even that relevant how many they sold in December for the US. They still have all the preordered extend, Ultra and Sports to deliver and sales numbers in a few months will be more relevant. But yah that could be bs as well
I have more faith in this report than I do in whatever Henrik says. I won't be fooled by that guy again.
The Ocean is not car for the U.S. It was made in and for Europe. I think they are adressing too many markets at the same time. It they would concentrate on EU only, where 95% of the cars are sold, they would be much more effective in delivery of the product (Which is Fiskers biggest weakness).
@user-kx8sf3zf2o I agree with you. I got burned listening to his talking points. I own a lot of shares still. It's basically worthless. I have had a lot to say in the past. I am exhausted. Everyone can see for themselves what's going on. I just saw earlier that the Feds are looking into their braking issues. If Fisker has a recall, they are totally done.
The stock’s at 17 cents. Please do tell us more about these awards they won in Europe Lol.
High inflation, high
Interest rates, and high debt means servicing more past debt with fewer dollars left for future innovation and development. This really hurts startups and small businesses under high debt. Previous cheap money/low interest rates made it possible to throw lots of money at startups. Now tight money makes that difficult. No more USA supersizing but downsizing
WHAT?!? FISKER (or LUCID, or NIKOLA, or....) is not the next Tesla? Nice presentation Sam!
Next bankruptcy:
Mullen Automotive
Nissan?
I’ve test driven the Fisker Ocean and the Model 3 and Y. The ride quality wasn’t even close!
I have a Fisker Sport ordered….
Don't trust all that Sam is saying, he is just a TH-camr.
@@EM.1. This is good advice. I would not buy a Fisker. I think they are doomed. Always have. They are just like Nikola to me. All smoke and mirrors.
I test drove the Ocean and I was immediately disappointed. It was an unfinished mess. I complained to Natasha Fisker at the test drive event and she quickly said that deposits are non refundable. I LOST $1000... BUT I saved myself from a $70,000 BRICK
If someone spread news and tell a company will be bankrupt that cımpany's stocks may bankrupt. When FED will lower interest rates the debts will be easier to handle.
I find such videos very suspicious. If someone says a company will be bankrupt for sure he or she may open short positions on that stock.
I have an Ocean one and love the car. Fisker owns the tooling within the Magna plant.
Buying a new car from a company that was obviously going bankrupt soon is an insane decision.
@@jamesfynnhere6983 jfc they aren't going bankrupt. Read the 10q. The video is off. They PAID for production in Q3 that wasn't delivered so margins look bad....they will improve for Q4 dramatically. Mark this post
@@evanscott976there's a bunch of lazy misinformation spread in a bunch of these comments and videos. Messed up. It should be illegal
@@evanscott976 Free accounting 101 lesson - The undelivered production in Q3 is sitting on the balance sheet as $550million in inventory - it has no impact on margins
@@jamesfynnhere6983Easy to be rude in the comments, huh?
Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles in China for problems. China is Tesla's and world's largest EV market 😢😢😢
Do you know that by spreading misleading information, you are damaging a company's and investors' hopes?
What is misleading about it if I may ask?
This video is very very dishonest: Fisker still has 1.2 billion dollars in cash available and they only lost 91 million in Q3 where they delivered 1000 cars. In Q4 they delivered 3 times that number and are still ramping up in Q1 2024. Most of the software bugs are fixed. The customers seem to love the car: They say that it is cooler, has better build quality and has a better ride than the Tesla Y.
Just google it: fisker debt. He is beeing honest. Fisker is doomed. Sorry for your loss
By the way fisker doesnt have 1.2 billion in cash on hand. What the hell??
@@youtubemaster3449So how much do they have?
According to the accounts they have 650 million on hand and 550 redeemable.
Always amusing, those elusive theys.
Not surprised this company is in trouble. A California base company that doesn't make cars in the states. It's not even made in China to save money on production. Dealers increase the cost of the vehicle and they don't get the made in the USA credit either!
Fisker Karma only sold few cars but this time at least 4K+ Ocean and still waiting for more delivery and this time is difference at least. 6 months later will tell....past mis-step can be some one's avoidance of next adventure. It is too early to just it now. At least He now can control not to produce unsold/inventory EVs and waiting for Rate cut/demand recovery next 6-2 months. I feel FSR current situation is better than LCID. Things can change and no can 100% predict.
I think you are overstating how imminent a bankruptcy might be. For sure, they have issues, and it's disappointing (to say the least) to discover that they apparently didn't think about the real-world logistics of getting the cars from the factory to the buyers.
However, you did leave out how much cash they have, and the value of their inventory (undelivered vehicles). Partnering with dealers in the US would be a way to quickly convert that inventory into cash. They are on a knife edge for sure, but have most of this year to turn things around.
Thank goodness they have Geeta 😂
$1 stocks go quickly to zero if they a burdened by debt with no sales
THE HEAD DOES NOT HAVE FAR TO ROLL FROM THE GUILLOTINE!..Yes the " Knifes Edge" ...LOL😂
The sales are starting though. It's only been 6 months. @@eddiegill
24000 sales projection in 2023 but only sold 4000. Not looking good IMO.
Electric Viking- Watch your channel consistently and am a subscriber.
Full disclosure- I am a Fisker Ocean One owner, and I am because the vehicle is really, really, good for several reasons. The vehicle itself, conceptually, is vastly underated. Experiencing one is vastly fifferent- you hear about the complaints. Folks who love their Fisker, really love it quite a bit. It's a unique quality of the community of owners. Weird, I know- it seems cult-like.
I've owned BMWs, Mercedes, and others (including a '23 Model X Plaid currently) and the vehicle rides incredible, is quiet, and very unique unloke anything I've driven.
You may be right- but ive learned in my life that the truth usually is so.ewhere in the middle. At cars and coffee events, the culture seems very different and unique. I geniunely think before it goes bankrupt, the company will be bought out with the lineup of the Alaska, and PEAR comkng within 2 years. It may seem smart for a company such as GM to acquire Fisker if things go badly.
Here is a direct answer from another youtuber of your specific video. Just think it's fair to see and hear reactions to your specific thoughts and opinion regarding Fisker.
th-cam.com/video/6Lg6UN5JPLI/w-d-xo.htmlsi=-P0UlWT3q1QVSJ-B
They first went bankrupt a decade ago.
Second time will be even easier.
Classic Muskrat
Agreed, Fisker guy is not a business person. He is a designer/engineer
Apple outsource all products and still can control the product quality and saving.
Yep, nothing wrong with outsourcing production aspecially to a top tier company like Magna Steyr. They make the Mercedes G Class amongst others.
Seems someone having short positions in fisker and bashing the company with lies. Look at the timing of this video.
Thanks!
The Fiskar Ocean looked leading edge in November 2021 when introduced at the LA Car Show. Management looked perplexed when asked about their financials and investing.
This is one of the most ill thought out claims I have seen. There is no basis or understanding of the companies true position.
Anyone who actually looks into their financial records will see that they have millions of dollars in reserve as well as have properly thawed out financial direction due to cutting production and focusing budget on what really needs attention, the software.
Fisker, has such a unique product only dated in very few areas and that is all correctable. For example, unlike Tesla Fisker, has a module that is replaceable separate from the primary screen. This was a huge concern for many people yet it is an easy replacement for any technician.
Any true news on Fisker should be done in an educated format
Yes agreed. This guy lacks an understanding of many aspects of the company and their finances. We know he has a short position but to make a claim like this to his followers.. Jesus
@@babakb.3063 Sam has followers? Like Jesus? What a weird thing to say.
Do you understand ANYTHING about the $1.4B of converts that have no reason to convert and instead are due their money in quarterly installments over 2 years? Fisker could earn their way out of it - but every car they sell loses money due to cost of goods and after-sale service. They didn't cut production plans because they make money. They are done.
You Nailed it
It's tanking on the NYSE open every day. I think the short sellers are loving this stock in play. It rebounds a bit after the initial fall for a small scalp. But the charts are showing a downward trend. I have been wondering just how far it can fall.
I did see one of these in Scottsdale. Very nice looking car.
up 35% today, they got more money from an investor. wonder what they can make of this... be interesting if they turn it around
Manufactured in Austria. A country with one of the highest labour costs in Europe. Go figure....
The last opinion I read of Henrik Fisker by Elon Musk was that he was a bit of a Diva. A dilettante. Especially after Fisker's attempt at designing the original Tesla Model S.
Peter Rawlinson, then working at Tesla, called it junk, and Franz Von Holtzhausen picked the clay model with a fork lift and dumped it in a skip. He put the forks straight through it. Now Franz is a fairly mild guy, but that's his opinion of Henrik Fisker's work. So some of Fisker's work is good but he talks a good talk. He needs other people to do the delivering.
🤬🤬😡😡Yes Henrik Fisker is a great salesman... He TRICKED thousands of reservation holders into non refundable deposits. I lost a $1000 deposit because I refused to accept the vehicle. Buttons are non functional, very laggy screen from an outdated processer, extremally slow level 2 charging speeds with a massive battery etc etc etc... IT'S NOT WHAT THE COMPANY ADVERTISED AT ALL!!! I filed a complaint with the Better Business Bureau
Maybe you should stay up to date on this topic before spewing out your mouth. The new OTA has fixed this problem for the most part. I say most part because I know you will retort with at least one person still having issues. As that's common with most vehicles to have some that don't respond as well as most
@@jillshaub5093 The Ocean has a 32A onboard charger which was the standard in 2012 and the slowest speed of any 2023 production vehicle. They are advertising the "Shortest charging times" which can be viewed on Henrik Fiskers Linkedin page. It takes 18.4 hours to charge 0-100%.
The Ocean also uses a 6+ year old Intel Atom A3960 that Tesla abandoned years ago. That is why the screen is so laggy. No software update can fix subpar hardware! It's all false advertising, that is why the company is failing!
Stock dropped to $1.13 a few minutes ago. Goodluck
I just, today visited the Fisker gallery in NYC's MEAT PACKING DISTRICT. It's right next to the Rivian gallery, the Tesla Gallery, the Lucid Gallery and the Hyundai GENESIS gallery.
I took a look at the Fisker Ocean and signed up for a test drive. They didn't have the Revero there.
I was pleasantly surprised. It's a nice cabin. It's spacious enough for a small family of 4 or 5.
It's got attractive interior materials.
I signed up for a test drive.
FISKER has to advertise these cars more - just like Lucid.
The reality is that these cars are overpriced Model Y competitors. Tesla will sell 10 times as many Model 3 and 20 times as many Model Y as Fisker sells Oceans.
The question is: will the US government let Fisker fail or keep helping push them and other EV along.
The US government is interested in GM, Ford and maybe Stellantis, not even Tesla.
US government does not care about Fisker. They don't manufacture anything here in the US and don't qualify for any IRA benefits.
Like how Tesla lived off government subsidy for a decade?
@@evanscott976The " Subsidies " were available to everybody who qualified,how Tesla used it was brilliant.They used it for R&D and build out the best INFRAS, the Super Charger system , today the most reliable one out there!
@@evanscott976😆😆 you tards never stop with this line of bullshit
Disclose your short position. I have seen you on other social media outlets with the name “SEC Sam”…..Its a shame you are giving false numbers from fisker. True disgrace to vlogging.
1 month check in - if he’s short he’s winning
That Ronin looks gorgeous though. I could never afford one and they were very unlikely to deliver it but, it looks gorgeous.
CEO is a designer. That's 'pretty dumb'.
Equity investors in Fisker are brave souls, but its lenders need to be taken to the woodshed. Did they do a HY debt issue? Perhaps Magna-Steyr has extended Fisker significant terms on manufactured inventory? That would be plain dumb. Insolvency will be a question of timing . . . what is the term of Fisker's loans?
the ocean looks like an updated LR freelander. the dumb pet window is for show.
Hmm I wonder who could’ve seen this coming , prototypes are easy production is hard also if you build a poor quality product nobody’s gonna buy them 😅
The Fisker Ocean has received a lot of good reviews and it's built by Magna Steyr in Austria. They are known for producing top quality cars. Some Mercedes-Benz and BMW models are also produced there.
@@ThorRavnsborg build quality and experience are only two parts of the equation and can only take you so far there is also Software that’s new and included in that equation Mercedes Benz and BMW and other OEMS aren’t known for having good Software engineers with the exception being Tesla, I could be wrong, electric cars are literally computers on wheels so if you’re software isn’t good enough you’re in for a world of trouble
@@ThorRavnsborgin the car industry,reviews are actually purchased.
( reviews, car of the year,jd edwards,..)
@@giminai8000 It's true that software has been and to some extent still is a weak point but it has already improved a lot and they have new OTA updates coming which should iron out remaining issues and add new features.
Strongly disagree as an owner with experience behind the wheel. Please don’t fear monger
One would think that one of the large car companies would buy Fisker and clean out the management . It’s a good car.
No one will buy Fisker. Its a Brand with no value
Building a car for $200k and selling it for $100k is not good.
@@davidbeppler3032Where did you get your information from you clown?
The car in question is markedly subpar, with an exorbitant price tag. It offers no pleasant surprises, as its reliability is severely lacking and its software leaves much to be desired.
Fisker, GM, Ford and Lucid are all losing billions on their EV products.
Nio too, but Fisker is the worst positioned to withstand such bleeding...
Fisker already ran one company through bankruptcy, this will be the second company he will run into bankruptcy court
At the end of the day, Henrick Fisker and his top execs will walk away from all this with some of the hundreds of millions of dollars worth received from investors and and initial stock value sales they executed to pay themselves handsomely. Fisker will a second time bankruptcy name. If he decides she’s done with the auto industry after that, then he still walks away wealthier than most millionaires. This next several years will filter out many of the startups and likely even some legacy brands.
Thats why they dont work hard. The only one that actually slept on the factory floor was elon. The ceo of fisker bought a 21m mansion before they sold a car
I knew that everything was going wrong when he deleted his twitter account in 2022
Im new to all this.. if i buy an ocean and the company goes bankrupt does that mean my car will be worthless?
I knew this years ago. Some people need to do their homework, Fisker was talking crap almost as much as that dummy with Nikola thats doing time in prison now. A good sales pitch should set off red flags, ie used car salesman.
Used car salesman have sold hundreds of millions of cars to many satisfied customers all over the planet. There are more dodgy accountants in prison than car salesman , every profession has good and dodgy. Thank you.
well at that rate crime does pay, thats really sad but thats another rant ,our criminal system is shit too.@@dobbo7690
Didnt have to take it personal bro but most shyisters are fast talkers and have at sometime worked as a car salesman : P@@AB-gb8lb
I don't understand why a new company does not make/sell a cheap model first.
They sold out of the first 5000 top end models and now they do offer the base model for 38k... do some research before assuming
@@nickanselmo8619 I mean, why they did not start with the Pear?
Thats the problem of european brands, that "hand made", "quality" facade obsession is putting them down.
Who would have thought?..... After his brilliant track record.
Anyone with half a brain would know that the numbers never made any sense from the beginning.
This is a totally different case to Lordstown - but yeah, manufacturing in Europe will always be a problem wrt price point, increasing energy cost in Europe will only make the problem worse.
well...Geely has a thing for Scandinavian car brands!
I really wish Fisker will succeed. That said, it was a huge mistake for the USA market to build in Europe. No chance of the $7500 IRS credit puts them at a huge disadvantage to all other EVs that qualify. I don't see how they can compete in the US market.
I noticed a lot of people are posting that they own an FOO and that it’s a wonderful car it’s a nice car it’s a beautiful car it turns heads but you know something it doesn’t matter they could sell 10 million oceans they could turn 100 million heads it could be the most awesome car on the face of the Earth every human being on planet earth all 8 billion people can be driving at fiscal ocean one but if it’s costing more to make then it is to sell then you are correct The company I’ll be bankrupt within months and there’s not a single thing that can be done about it. That’s how the market works. Yes it turns heads but I say by April the company is completely gone.
You don't understand the concept of investment. When you have a good product you'll find investors willing to lend money
Love my FOO (#1270) and plan to drive it for many more years. Software has been improving, the build quality and ride is unmatched by Tesla and it gets more admiring looks than any other car i have driven- including Audi, BMW and Jeep.
Bullshit! The best EV out there. ❤
Maybe GM will make a big investment to add to its Nikola, Lordstown, Cruise portfolio.
Highly likely, as ex GM Executive Stephen Girsky was also CEO of Nikola & highly probably had many "conversations" with his ex GM buddies, as they were investors also. I'm not suggesting inside job or anything...
don't be so hard on fisker. they're delivering genuinely great EVs at very reasonable prices. it takes years for a car company to become profitable. it took tesla how many years and a govt loan to achieve profitability with their first mass market lower priced EVs?
I have came across your content a few times so far and all of them projected inaccurate information, dense speculation and thoughts swayed too far from reality. Can Fisker file a bankruptcy in the future? Sure there is the possibility. They are not exactly doing well at the moment. However, the way you contemplate and express the case carries a hefty responsibility and will need an apology if the opposite happens, if you have any pride in what you do. And no, I don't own a Fisker.
The sad part is that FISKR needs outside investors like NIO got with UAE. FISKR needs time just like any other start up. Also sucks for the customers already with FISKR vehicles.
The problem is that Fisker doesn't have anything. They have a good design team....whoopee.... they don't build the car themselves. Wait for them to go bankrupt and hire their design team. Maybe they have a few patents??
Not much to bail out.
XPeng has a lot more on the table but I was still surprised it was enough for VW to invest in them.
@@nickmcconnell1291 another clown that knows nothing
Henrik Fisker should do a photo posted on April 1st of him mocking Elon with him passed out in front an Ocean with a sharpie marked cardboard sign reading "Bankwupt!" but this time for real.
So they are outsourcing the core business? or are they just a management and a design company while other companies are vertically integrating? This is how not to profit. Magna is a car company and Fiska is something else really
FISKER HAD A PROJECT WITH VALMET FINLAND IF I REMEMBER CORRECTLY.
They need to get on the show "Shark Tank" 😂
Dear gods, why does the difficulty every car company finds itself in always couched as an Elon or Tesla vindication?
I agree with you. However a friend of mine explained the comparison thusly to me:
It's kind of like saying "See even Tesla with all its first mover advantages and vertical integration almost went down.... what are you doing that is so special that you believed you would survive."?
It does make one think whether it is just too late for any new EV company to get into the market when there is Tesla and Rivian and Hyundai and other OEMs already established in the market.
Unless they have something absolutely revolutionary that everyone wants OR all the money in the world to burn, they probably won't make it.
Probably because before Tesla no new car company has ever survived in America in the last 100 years? Oh...Tesla did it, so anyone can? Really? 100 years and dozens of failures... but now your new car company will make it? Good luck.
@@davidbeppler3032 “Kids, you tried your best, and you failed miserably. The lesson is: Never try!” Homer Simpson
Anyone buying a new car and from an unproven OEM on top of that with lousy financials is taking a big bet. The price would have to be extremely low to entice people to take that risk. At this moment in time there are less risky bets people can make.
Well, good thing Magna is producing the car. I bought one and will be happy... ❤
CEO has failed to deliver. Needs to step down.
Didn’t Fisker go bankrupt before. Maybe Fisker is ahead of Mullen Automotive.
Sounds like clickbait to me!
Just like you said it in the past video. Another Enron. The more things change the more they stay the same.
Beautifully timed ending, Sam! It makes the point perfectly. Thanks.
Mercedes was founded in 1926 and with nearly 100 years experience they can not build an electric car that is competitive. Fisker was founded in 2016.
Mercedes build very good electric cars. You just can't afford one.
@@jonnya245 Mercedes EVs are horrible. Buggy software made by 15 different companies. They have nice leather seats. That was all Sandy Munro would say that was nice about them.
@@davidbeppler3032 lol you clueless. Mercedes-Benz is killing it with EVs. They are already one of the best on the market, but the next generation platforms like MMA and MB.EA coming to markets in 2025 are lightyears ahead of what Fisker or even Tesla could ever produce. They are just too expensive and subsidized chinese companies want a slice of that luxury market pie. And China is the biggest EV market by a far. So that is the only problem.
It’s very worrying as I love the new Ocean,I hope they turn things around very quickly.
60k for their cars?
Don't buy into the FUD. Q4 earnings will look much better than Q3
@@joshgoldstein2890 The Ocean Sport model is around 42k USD?
@@joshgoldstein2890Ocean base price is 39k
Maybe you should skip talking about financials, balance sheets, business models and the stock market since you seem clueless about one and all?
Worst bunch of BS I’ve heard in a while.
Fisker won’t go bankrupt in 2024, but you sure seem to want to make them fail, telling people not to buy their cars and telling one and all they will go bankrupt, good thing not everyone listens to you and hopefully those that listen can see through the BS you just spewed.
Fact: Fisker sold over 3K Ocean in Q4, or over 100 each day. Its share price is low beacause it has been heavyly shorted (nearly 50% shares are shorted). The company has enough fund for 2024.
looking at Fiskers past history, I just cancelled. I work too hard for my money to just let it sit with a dollar stock. To be fair I also cancelled my early order cybertruck because of all the lies Musk told about it from price to mileage. The rich fanboys can have it. Its really not a truck anyhow but a toy.
You're an investor, so I'll break the bad news with an analogy. Fisher is a Delta 787 that WAS headed to crash. Fortunately, pilots gained control and began to pull up, but a bit too late. This bird is clipping trees & rooftops, soon to implode
Hey Einstein, take a screen shot of tomorrow's Fisher stock purchase you'll make. You'll look like a genius in the mirror & naive to social media
PLEASE listen to the market here AND the huge short interest. The market is SCREAMING at you that the company is on they verge of bankruptcy. It's happening very soon or there will be massive dilution to keep the company alive. Either way, you will get wiped out as an investor. Meanwhile the CFO and CEO are walking away with tens of millions of your dollars.
Got news for you - the short interest is not rising so THEY are not the ones pushing the shares down. If anything, I would bet the shorts are net buyers as they are closing out their VERY profitable shorts that have made 80%+. Any rallies are likely shorts buying. The drops are long holders throwing in the towel (as I did at $5-6). This debt is NOT long-term debt - without any reason to convert, that entire $1.4B is due in the next 2 years in quarterly installments - they can't afford that. They could sell more shares but nobody would buy, so they're kind of out of options.
Fear not. Fisker Karma reincarnated as Fisker. Fisker will re-emerge as Fisker 2.0 and sell millions of shares. And the top managers will rack in millions, again.
That simply did not happen and won’t happen.
@@PeteLenz Fisker Karma was a company, ran by the leader of Fisker. Why do you think it will not happen again? What will stop it?
Suggesting a company he claims is over-burdened with debt should have invested additional billions of capital in plants is...🤔
Fisker hasn’t built out the sales and service network it needs to be able to sell enough vehicles to scale. Likely a repeat of the Fisker Karma fiasco.
Tesla sold 3000 cars during their first year. 20,000 their second year. It takes time for a company to establish itself.
Fisker are doing great.
@@martinmcnulty8155except that every EV maker since, has benefited from Tesla's experience in car design, manufacturing techniques, sales methodology & free advertising thanks to Tesla"s early long, slow, famous struggle to bring EV's to market.
That's not a valid excuse 12 years on, for a car maker who previously had his (incendiary) hybrid advertised for free on Two & a half men, so Fiskar has been here before & clearly doesn't learn enough from his own & others' mistakes & difficulties.
@@martinmcnulty8155 Sales-wise, maybe. Financially, they're in WAY over their head. Their stock is only 15 to 20% of what it was last year. They have massive debts. It's only a matter of time...
@@martinmcnulty8155 agree, this board is full of haters of Fisker! common guys fisker has done great job and lot to improve like Tesla.
@@martinmcnulty8155 and Fisker has outsold Tesla in their first year. Stock market is definitely a concern. Missed QA on the vehicle and software is the big elephant in the room. Hoping they fix this. The car drives like a dream.
Fisker's funked
Your not a financial expert giving financial advise. The SEC should investigate you. Irresponsible actions on your part affecting a public company.
Put this scammer in prison.
Why is there straight up so much misinformation being spread between the video and the comments..
#SECinvestigate
This is depressing.. i wanted one so bad
Guess you’ll have to settle for a Tesla model 2 in 2026… oh well (sarcasm)
@@camronrubin8599Tesla has factories and employees and a brilliant CEO,HENRIK IS A CONMAN, A bad one at that, must I add.,Oh. I forgot to say the ModY is the BEST SELLING CAR by numbers! !numbers don't lie!
Hi Sam,
thank you.
This type of news, doesn't benefit anyone.
In a developing technology atmosphere, we all wish every success to those companies striving to push the envelope.
This, however, doesn't excuse basic business principles being ignored or dismissed.
De Lorean (another designer) AMC, Tucker, Edsel all companies with vision for future motor transport, but sadly, not adhering to cost analysis.
It will not end here, another young man with something to prove, will either succeed or fail, but like physics some rules if broken will end perilously, taking willing hostages.
Great posts
Well, if it does go busted then they can try again. They have been flopped before, maybe 3 times is a charm.
Fool me once shame on me, fool me twice...yadda yadda yadda. I was burned by Fisker once, never again. F this company.
947 Oceans arrived at US ports so far in 2024. Sales ramping in the UK. Big in Germany, the Scandinavians love it. Winner of 6 European awards. But the Tesla fanboy deliberately misinterprets the financials to say they’re dead.
This guy will be reported to the sec. I suggest you do so. So much misinformation. Unreal.
Woha! 947?! That is insane! The production, the vision, the mass market appeal! Seriously? Just 947? Go drunk, your home. Anyone can buy awards. I could get a JD power award tomorrow. Best youtube comment by JD Power!
That would be 10,000 deliveries in the first quarter in the United States, vs 3k Q4 deliveries globally, and 1k in Q3.
They're literally ramping beautifully, and people so far seem to be loving what they've got. OTA fixes are suddenly the death knell of EV companies, per Tesla famboys.
Canoo had debt, but is coming along, making sales, and looking better. Why not Fisker too?
What’s a Fisker? Sounds like a cat food company.
Just so you know, this isn't fact... pure clickbait speculation.
True, this is an opinion piece. However if Fisker goes below $1 per share they will be delisted from the market. They will then be in big trouble as they will have issues raising any more money.
Yeah maybe, but they're not even available in all markets just yet, I can see it doing very well in the UK and Europe especially. I say give them a chance before advertising their demise.@@nickmcconnell1291