3 ms·
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
by 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 agoI 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 agoAre any of those besides Tesla even close to alive? Last I heard Rivian and Canoo were bleeding money.
- linsomniac 3y agoWell, 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.