Fisker ocean - UK forum

[Zilla91]

Which is why it’ll be a huge kick in the balls that there is no CarPlay or Android Auto.

If you had those then no connectivity and no updates wouldn’t be such a huge problem.

 

[KennethS]

Which is why it’ll be a huge kick in the balls that there is no CarPlay or Android Auto.

If you had those then no connectivity and no updates wouldn’t be such a huge problem.

Even assuming it has CarPlay and Android Auto, would you want to own one? From the reviews it does seem the current software has some issues....

 

[Zilla91]

No but I don’t own one. If I did, I would absolutely want CarPlay to make it usable for however long the finance deal on it lasts for.

 

[FastLaneJB]

Does anyone know if their infotainment system has Apple CarPlay/Android Auto? It'll be a real kicker if it doesn't

Coming later which likely means never if they go bust.

 

[Operator]

At what price? And this being a UK sub-forum, even if that is correct in the USA I wouldn't presume the same answer applies here.

I would assume more expensive than being about to shop around for a better rate. And even in the UK there is Lender Placed Hazard protection or Collateral Protection Insurance, that lenders can utilize. Regardless of the country, lenders want some form of protection.

 

[Sean.]

 

[Zilla91]

Good time to buy the dip

 

[Sean.]

The big automaker deal is dead. Trading now at a mere 9c a share with a market cap of $53M.

Fisker plunges after talks with large automaker fall through

 

[Js1977]

The big automaker deal is dead. Trading now at a mere 9c a share with a market cap of $53M.

Fisker plunges after talks with large automaker fall through

Personally, I dont think a large automaker would be the best thing for Fisker. Most of their issues seem to be software side and the hardware seem innovative enough so personally, I would have like to see Apple take this on.

 

[Medved_77]

Trading halted at 9.36am (market time) today, citing 'news pending', not yet resumed.

I think the pending news is their immediate bankruptcy and closure. Aside from the Nissan talks, they were going to raise $150m by selling convertible notes to an existing investor, however that purchase was tied to various performance metrics and the release of the (delayed) 10-Q. Performance metrics missed and Gupta still hasn't delivered the 10-Q.

Company is a mess. I feel sorry for the earlier poster in this thread that bought one, I just hope that Magna who assemble the vehicles may be able to provide or contract out some form of repairs/servicing and still make parts available.

 

[Sean.]

Personally, I dont think a large automaker would be the best thing for Fisker. Most of their issues seem to be software side and the hardware seem innovative enough so personally, I would have like to see Apple take this on.

Apple wouldn't go there with a gigantic barge pole, and especially after spaffing $10B on their own ill conceived car idea, which was recently canned. No way.

Fisker's problems were not lack of software polish or vampire drain. Their problems were more deeply systemic - poor, nepotistic management at the highest levels, a distribution model that was ill thought out, and a car which came to market at a really poor time, facing immense competitive pressure.

 

[Sean.]

I feel sorry for the earlier poster in this thread that bought one,

I did have a reservation down about a year ago, but killed it when I saw / sat in one in the flesh at one of the Fully Charged shows.

 

[qwickshot]

Personally, I dont think a large automaker would be the best thing for Fisker. Most of their issues seem to be software side and the hardware seem innovative enough so personally, I would have like to see Apple take this on.

What’s innovative about the hardware?

Other than the little doggy windows going up and down, I don’t see anything that somebody else hasn’t already done.

I don’t really see any fresh ideas, the styling is pretty safe, the price is fine but it’s not undercutting its competitors in what’s already a very busy segment.

It could be a good car if it’s software is finished but I don’t think even that could have saved the company. The issue is they simply aren’t going to be able to make enough of them to make any money.

 

[FastLaneJB]

Yeah just not surprised. Didn't seem anything worth saving. Car companies better than Fisker I'm sure are also going to fold over the coming years as they fail to get a foothold in the EV market.

 

[FastLaneJB]

What’s innovative about the hardware?

Other than the little doggy windows going up and down, I don’t see anything that somebody else hasn’t already done.

I don’t really see any fresh ideas, the styling is pretty safe, the price is fine but it’s not undercutting its competitors in what’s already a very busy segment.

It could be a good car if it’s software is finished but I don’t think even that could have saved the company. The issue is they simply aren’t going to be able to make enough of them to make any money.

They already made way more than they can sell. Your right you need scale but if you cannot sell the first smaller batches then you are kind of doomed.

 

[qwickshot]

To be fair, I meant sell.

In the real world they go hand in hand. You can’t make more than you can sell and you can’t sell more than you can make.

 

[Foucault]

Apparently the New York Stock Exchange is planning on de-listing Fisker which in turn will have ramifications on 2025 and 2026 convertible notes. The NYSE says Fisker will default on the 2025 note and be forced to repay the 2026 note. Given their cash position I can’t see Fisker surving this.

 

[FastLaneJB]

Apparently the New York Stock Exchange is planning on de-listing Fisker which in turn will have ramifications on 2025 and 2026 convertible notes. The NYSE says Fisker will default on the 2025 note and be forced to repay the 2026 note. Given their cash position I can’t see Fisker surving this.

Yeah no point saving them either, there's nothing special there really.

Arrival went bust earlier this year. BritishVolt didn't get off the ground, Volta collapsed. There's too many companies in the market vs the demand (Even though it's growing). Capital is expensive now so it's not cheap to keep them afloat.

China's got the capacity to make 1/2 of all the world's cars but isn't yet demand for all those cars from China. A lot of EV startups are going to fail and potentially some of the legacy auto too though that's a ways out for them as long as they can still sell ICE.

 

[Operator]

I'm still holding the "bag" when it comes to RIDE stock (Lordstown Motors). They at least seemingly had a good business model starting off. But as we are seeing with Fisker, these early EV startups are finding success hard to come by.

 

[Foucault]

Just been reading over at electrek Fisker have cut prices by between $14,000 and $24,000 on the Ocean. I don’t think I’d be a happy bunny if I’d bought one before they knocked about a third off the price.