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EV Startup Fisker Halts Production To Raise Emergency Funds Amid Cash Crunch From Low Demand
Daily Wire ^ | Mar 20, 2024 | Ryan Saavedra

Posted on 03/21/2024 6:28:12 PM PDT by george76

click here to read article


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To: george76

I guess the leftists in government didn’t tilt the playing field enough.


21 posted on 03/21/2024 7:14:22 PM PDT by dznutz
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To: DIRTYSECRET

Yeah.
They got away with it over Obamacare so they figure they can mandate purchases elsewhere.
Meanwhile previously insurance had to have some minor competition between each other, but now they’re mandated to be equally crappy and deficient.


22 posted on 03/21/2024 7:28:04 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
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To: george76

Why are they having problems? See this: https://www.youtube.com/watch?v=6xWXRk3yaSw


23 posted on 03/21/2024 7:40:16 PM PDT by FrankRizzo890
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To: george76

When your product doesn’t sell, and is not expected to show any increases in the near future, it’s time to call it quits.

And it’s not time to drag anyone else into losses by trying to raise funds that have no expectations of ever being paid back.

When the only people pushing a dead product are all in government, then, you know the product is a really bad idea.


24 posted on 03/21/2024 8:00:04 PM PDT by adorno (CCH)
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To: george76

The numbers are squishy (probably intentionally so), but I think I’m reading:
* 1,000 vehicle production worldwide in 2024
* 4,700 vehicles in inventory, carried over from 2023 plus 2024 production

So they carried over 3,700 vehicles from last year that they cannot sell and added 1,000 this year they cannot sell.

They are cagey about vehicles produced and sold. If it was good news, they’d be crowing about it.

Conclusion: They are done for.


25 posted on 03/21/2024 8:18:48 PM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: Leaning Right

It’s not a pretty sight. It breaks down in tears every time it hits a red light. You don’t want to see the complete meltdown when battery charge gets below 10% and no charger within 100 miles.


26 posted on 03/21/2024 8:20:13 PM PDT by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: george76

fister...


27 posted on 03/21/2024 8:21:18 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: Leaning Right

Maybe it’s an emotional support vehicle


28 posted on 03/21/2024 9:02:00 PM PDT by CottonBall (The only thing necessary for the triumph of evil is that good men do nothing.)
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To: george76

SELLING SAND IN THE DESERT?

LOL!


29 posted on 03/21/2024 9:17:11 PM PDT by Taxman ((SAVE AMERICA! VOTE REPUBLICAN IN 2024! SAVE AMERICA!))
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To: george76

How is fiskar a start up? Obama gave them a ton of taxpayer money in about 2009.


30 posted on 03/21/2024 9:23:22 PM PDT by fightin kentuckian
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To: Paladin2

Yep. The market is mostly saturated by now.


31 posted on 03/21/2024 9:44:13 PM PDT by matt04 ( )
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To: george76
Their mission statement:

“mission is to “create the world's most emotional and sustainable electric vehicles”

They are circling the toilet, good riddance .

32 posted on 03/22/2024 2:58:03 AM PDT by DAC21
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To: alloysteel

“Didn’t the Fisker company start out by making scissors or something? This is what happens when you abandon core competencies....”

You are thinking of Fiskars, Finnish company, hundreds of years old. The do make scissors and garden tools of which I have a couple.


33 posted on 03/22/2024 3:05:56 AM PDT by DAC21
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To: george76

EVs are the future:-(


34 posted on 03/22/2024 3:17:33 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: All

Rumor is they are going to get a lifeline from Nissan..


35 posted on 03/22/2024 3:21:58 AM PDT by EVO X ( )
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To: Darksheare
I guess they'll just have to cut production numbers...



36 posted on 03/22/2024 4:06:50 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: catnipman

They better watch out!

Have they no idea what can happen to a fella if they OVERVALUE their assets?


37 posted on 03/22/2024 4:08:02 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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