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What is the benefit to buying a car from a company very few people have heard of? I don't know the price point of this vehicle (imagine not cheap), but regardle

What is the benefit to buying a car from a company very few people have heard of? I don't know the price point of this vehicle (imagine not cheap), but regardless, personally I would never buy a car from a company without a reputation built up before for sales, reliability, and post-sales service.

neom 3y ago
Henrik Fisker has been building and designing cars since the 80s. He's a known quantity in the industry, but yeah, on his car company specifically, very much buying a startup mvp, so I presume it's for people who are interested in cars and have disposable income?
jerlam 3y ago
Well, the company is about to go under so the cars are now at fire sale prices. My guess is that Fisker and others thought that the market would be much larger, Tesla wouldn't be able to ramp up their production that quickly, and battery prices would have dropped faster. Fisker gets a little bit of a pass since it's from a CEO who tried to sell EVs back in 2009, and may be living in that same mindset.
- linsomniac 3y ago
  I didn't realize they had dropped the price by almost half, most of them are going for well under $40K now. On the one hand, Fisker had already tried it once and failed, why did they think they could succeed the second time? On the other hand, there are lots of success stories out there that make it seem like the time is ripe (Tesla of course, Rivian, Lucid, Bddy, Li, I'm still optimistic about Canoo...)
  - bombcar 3y ago
    Are any of those besides Tesla even close to alive? Last I heard Rivian and Canoo were bleeding money.
    - linsomniac 3y ago
      Well, I have some Li stock and it's been up this past year, so that's a good indicator. I'm not sure about Rivian, it's stock has been pretty flat the last year. Lucid by a similar measure is definitely bleeding. Hasn't been a good year for Tesla either, but I wonder how much of that is Musk being silly. Canoo has been interesting, over the last 2 years up to a few months ago it had dropped 98% in stock price. Over the last two months it's grown quite steadily. It has what looks like a great vehicle, a good story for it, strong interest and orders (including fleet interest from Wal Mart and USPS and others). But, it's hanging on by a thread.
HeyLaughingBoy 3y ago
How else would you start a car company? At some point in every business's life, few people will have heard of it, but they still need sales in order to grow.
lotsofpulp 3y ago
Possible ways to derive utility from a car from a company with little reputation: 1) the car has unique features/design 2) standing out due to having a little known and rarely seen car 3) showing that you can afford to spend that car's worth of money without worrying about the money being wasted
Rinzler89 3y ago
>What is the benefit to buying a car from a company very few people have heard of? Status? Once everyone old money and new money already has a Tesla how else can you stand out and start a conversation, but by buying more niche but equally expensive EV brands that look cool and nobody ever heard of.

neom 3y ago

Henrik Fisker has been building and designing cars since the 80s. He's a known quantity in the industry, but yeah, on his car company specifically, very much buying a startup mvp, so I presume it's for people who are interested in cars and have disposable income?

jerlam 3y ago

Well, the company is about to go under so the cars are now at fire sale prices. My guess is that Fisker and others thought that the market would be much larger, Tesla wouldn't be able to ramp up their production that quickly, and battery prices would have dropped faster. Fisker gets a little bit of a pass since it's from a CEO who tried to sell EVs back in 2009, and may be living in that same mindset.

linsomniac 3y ago
I didn't realize they had dropped the price by almost half, most of them are going for well under $40K now. On the one hand, Fisker had already tried it once and failed, why did they think they could succeed the second time? On the other hand, there are lots of success stories out there that make it seem like the time is ripe (Tesla of course, Rivian, Lucid, Bddy, Li, I'm still optimistic about Canoo...)
- bombcar 3y ago
  Are any of those besides Tesla even close to alive? Last I heard Rivian and Canoo were bleeding money.
  - linsomniac 3y ago
    Well, I have some Li stock and it's been up this past year, so that's a good indicator. I'm not sure about Rivian, it's stock has been pretty flat the last year. Lucid by a similar measure is definitely bleeding. Hasn't been a good year for Tesla either, but I wonder how much of that is Musk being silly. Canoo has been interesting, over the last 2 years up to a few months ago it had dropped 98% in stock price. Over the last two months it's grown quite steadily. It has what looks like a great vehicle, a good story for it, strong interest and orders (including fleet interest from Wal Mart and USPS and others). But, it's hanging on by a thread.

HeyLaughingBoy 3y ago

How else would you start a car company? At some point in every business's life, few people will have heard of it, but they still need sales in order to grow.

lotsofpulp 3y ago

Possible ways to derive utility from a car from a company with little reputation: 1) the car has unique features/design 2) standing out due to having a little known and rarely seen car 3) showing that you can afford to spend that car's worth of money without worrying about the money being wasted

Rinzler89 3y ago

>What is the benefit to buying a car from a company very few people have heard of? Status? Once everyone old money and new money already has a Tesla how else can you stand out and start a conversation, but by buying more niche but equally expensive EV brands that look cool and nobody ever heard of.