Agree with you 7 points, and would add as others have that they should have started with a dealer model. They had a lot of sales centres that took away capital that could have been used elsewhere. I also think it was an error to make so many high end models. If they they had more affordable sports models in the mix then sales may have been higher. The software delay was also critical IMO, not sure who is responsible for software development but they need to raise their game and hit the release dates that have been promised.
The timing i believe really hurt this vehicle. The possibility of not having an internal listening ear from the people that had "actual" hands on with the parts, modules and software. Lots can be "fixed" in software BUT the parts really need to be happy to coexist within the platform.
Regardless this EV was the first that got my attention. yes I'm commenting as I'm watching. The difference with your videos is that it's more from a heartfelt explanation and not necessarily to grab the views even though your content SHOULD get the views.
Fisker actually made one big mistake. They didn’t start with the dealer model. This would have allowed for a try and true distribution model, especially for a new company with no real in-country distribution center. This would have allowed them to get oceans off their books, and keep Magna happy, and ultimately the markets who love units produced / units delivered
They should have baked smaller breads. Selling just next to factory only in Europe where tax , regulation, law is easier to handle. If successful and mature (thanks marques) start in US
People on the outside don’t realize the magnitude of the fraudulent mismanagement. Geeta and Henrik were advised on the deficiencies in thee business leading upto launch and post. They decided to take the non compliant or ill advised route while silencing their advisors in the process. They defrauded investors and venders.
You basically nailed it hawk. I'm sure you thought of this but imagine if they would of owned up to deliveries being late and decided to ramp much slower. Everything would of been much more organized and who knows we may have had financial statements on time. This is in a way another example of over expanding to quickly. I guess thats part of number 1 mismanaged
As my very sage old business part new would say: "If my aunt had balls she would be my uncle." All of what you say is true and The Fiskers will still be billionaires when they finish screwing all of us.
Fisker messed up on the IRA EV Tax credit as well. Had the done leases, they would have been able to leverage the FULL $7,500 tax credit. Full stop. Many EV brands were very vocal on marketing the $7500 credit in their lease programs, and many of the leases will be bought out at end of lease, effectively equalizing the same financial impact had they purchased they vehicle on day 1.
"As of May 2024, Magna Steyr, an Austrian automobile manufacturer, is planning to resume production of Fisker's Ocean SUV electric vehicles at its Mesa, Arizona facility later this year. Magna Steyr has previously worked with Fisker to build these vehicles at its manufacturing plant in Austria. Magna Steyr has increased hiring for its Mesa facility, which is located in the greater Phoenix area. The company says that applicants could "directly impact the world of mobility and help advance our industry while receiving a competitive salary and good benefits" at the Mesa facility".
This is a Google AI overview of several articles about the topic. I am searching to locate the article that specifically states that it is the Ocean that will be resumed. Some of these articles I don't have access to but I'm working on it. It seems to be from the local news in Phoenix.
Not sure what the purpose is of this video?? Why rehash what could have been? It is what it is at this point and nothing is going to change that… waste of time in my opinion.. but maybe you needed to vent.
Congrats to the FFIE pumper on AMC and GME yahoo finance comment pages. ..Got the job done today.. FSRN up 14 % in 2 days. Fisker still putting more EVs on the roads Globally to improve Air Quality. Thumbs Up video/ comments. Thanks.
Tax credit isn't an issue since Hyundai/Kia are selling record numbers with 7500 tax credit as a down payment for a lease. Most of their EVs are imported.
It is an issue. A major one. While you can use the credit for leases, you cannot for sales unless they meet the requirements. Fisker wasn't capitalized enough for leases
@Ocean1_FSR So back to your point about being undercapitalized. I would say that the SPAC craze forced his hand. The free money was there - people wanted to throw money at the "next Tesla" without the oversight of the SEC. Look back at his prototypes with the scissor doors and solid state batteries. All dropped for the sake of free money.
Sorry, this is like a bad blind date that led to a marriage, She was hot, came late, and with a lot of baggage. Her parents didn't treat her well and now it's your responsibility to take care of her. You now wonder if things were to be different she would have been a better wife and mother but they're not. Collectively we need to let this one go.
Ya know what all i see is the badmouthing fisker stock but not the great performance it put on today…now one news update nothing smh..but hey its cool i cleared 200 bucks today with fisker stock today
@@Ocean1_FSR yeah but i got in when it was at like 0.03 so today was a good day for me. As i whole i know it’s all bad but i got faith in them to pull this thing from the dust
The car didn't perform correctly, the market changed and drifted away from even the best EV's. The company ran out of money because the product was inferior. The financing community lost faith and Fisker ran out of dough.
Your explanation of things was very well done👍💯👊
I appreciate that!
very well summarised..
I hope that other people learn the lesson from the mistakes...the.current CEO and CFO might not be able to do so
Agree with you 7 points, and would add as others have that they should have started with a dealer model. They had a lot of sales centres that took away capital that could have been used elsewhere. I also think it was an error to make so many high end models. If they they had more affordable sports models in the mix then sales may have been higher. The software delay was also critical IMO, not sure who is responsible for software development but they need to raise their game and hit the release dates that have been promised.
FISKER stock has just exploded 🌝 🚀
Still love driving my new Ocean Ultra and yes my fingers are crossed 🤞🏼
The timing i believe really hurt this vehicle. The possibility of not having an internal listening ear from the people that had "actual" hands on with the parts, modules and software. Lots can be "fixed" in software BUT the parts really need to be happy to coexist within the platform.
Regardless this EV was the first that got my attention. yes I'm commenting as I'm watching. The difference with your videos is that it's more from a heartfelt explanation and not necessarily to grab the views even though your content SHOULD get the views.
Hindsight is pointless now. But thanks.
Fisker actually made one big mistake. They didn’t start with the dealer model. This would have allowed for a try and true distribution model, especially for a new company with no real in-country distribution center. This would have allowed them to get oceans off their books, and keep Magna happy, and ultimately the markets who love units produced / units delivered
They should have baked smaller breads. Selling just next to factory only in Europe where tax , regulation, law is easier to handle. If successful and mature (thanks marques) start in US
People on the outside don’t realize the magnitude of the fraudulent mismanagement. Geeta and Henrik were advised on the deficiencies in thee business leading upto launch and post. They decided to take the non compliant or ill advised route while silencing their advisors in the process. They defrauded investors and venders.
You basically nailed it hawk. I'm sure you thought of this but imagine if they would of owned up to deliveries being late and decided to ramp much slower. Everything would of been much more organized and who knows we may have had financial statements on time. This is in a way another example of over expanding to quickly. I guess thats part of number 1 mismanaged
Yep
They just went up 34 percent 🎉
As my very sage old business part new would say: "If my aunt had balls she would be my uncle." All of what you say is true and The Fiskers will still be billionaires when they finish screwing all of us.
Good luck on next race 🙏🙏
I hope this goes to .25 cents so I get at least half of my life savings
Put what’s left in Tesla and reap 10X by 2027!
the biggest problem is their Public Relation.
&& That’s their daughter’s fault haha 😂
I'm still looking to get one😜
Me too and idk why I can’t shake it
For 20k. I will get the extreme
Fight the urge.
me too
The Titanic wouldn't have sunk if it hadn't hit that iceberg. Some even bought the hype that it was unsinkable. Hindsight 20/20.
Fisker messed up on the IRA EV Tax credit as well. Had the done leases, they would have been able to leverage the FULL $7,500 tax credit. Full stop. Many EV brands were very vocal on marketing the $7500 credit in their lease programs, and many of the leases will be bought out at end of lease, effectively equalizing the same financial impact had they purchased they vehicle on day 1.
Fisker wasn't capitalized enough to absorb leases and they also botched the deliveries
@@Ocean1_FSR That’s not how it works… 🤦🏻♂️
"As of May 2024, Magna Steyr, an Austrian automobile manufacturer, is planning to resume production of Fisker's Ocean SUV electric vehicles at its Mesa, Arizona facility later this year. Magna Steyr has previously worked with Fisker to build these vehicles at its manufacturing plant in Austria.
Magna Steyr has increased hiring for its Mesa facility, which is located in the greater Phoenix area. The company says that applicants could "directly impact the world of mobility and help advance our industry while receiving a competitive salary and good benefits" at the Mesa facility".
Please provide the link for this.
This is a Google AI overview of several articles about the topic. I am searching to locate the article that specifically states that it is the Ocean that will be resumed. Some of these articles I don't have access to but I'm working on it. It seems to be from the local news in Phoenix.
@@JesyB2023 I have read the article but I haven't seen one that states it is specifically for Ocean production. That seems very unlikely right now
Not sure what the purpose is of this video?? Why rehash what could have been? It is what it is at this point and nothing is going to change that… waste of time in my opinion.. but maybe you needed to vent.
Not venting, reflecting.
Congrats to the FFIE pumper on AMC and GME yahoo finance comment pages. ..Got the job done today.. FSRN up 14 % in 2 days. Fisker still putting more EVs on the roads Globally to improve Air Quality. Thumbs Up video/ comments. Thanks.
Tax credit isn't an issue since Hyundai/Kia are selling record numbers with 7500 tax credit as a down payment for a lease. Most of their EVs are imported.
It is an issue. A major one. While you can use the credit for leases, you cannot for sales unless they meet the requirements. Fisker wasn't capitalized enough for leases
@Ocean1_FSR So back to your point about being undercapitalized. I would say that the SPAC craze forced his hand. The free money was there - people wanted to throw money at the "next Tesla" without the oversight of the SEC. Look back at his prototypes with the scissor doors and solid state batteries. All dropped for the sake of free money.
Sorry, this is like a bad blind date that led to a marriage, She was hot, came late, and with a lot of baggage. Her parents didn't treat her well and now it's your responsibility to take care of her. You now wonder if things were to be different she would have been a better wife and mother but they're not. Collectively we need to let this one go.
Ya know what all i see is the badmouthing fisker stock but not the great performance it put on today…now one news update nothing smh..but hey its cool i cleared 200 bucks today with fisker stock today
Fisker is down 99%+
@@Ocean1_FSR yeah but i got in when it was at like 0.03 so today was a good day for me. As i whole i know it’s all bad but i got faith in them to pull this thing from the dust
Shoulda could woulda.
Sell the car
Accept the loss of money in stock.
Buy a better car that aill have parts support.
do you think that it will reverse split
The car didn't perform correctly, the market changed and drifted away from even the best EV's. The company ran out of money because the product was inferior. The financing community lost faith and Fisker ran out of dough.