"Fisker's Drastic Price Cuts: A Last-Ditch Effort for Survival"

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Source: Fox Business
"Fisker's Drastic Price Cuts: A Last-Ditch Effort for Survival"
Photo: Fox Business
TL;DR Summary

Electric vehicle startup Fisker has slashed prices for its 2023 Ocean electric SUV lineup in a bid to avoid bankruptcy after a potential deal with another automaker fell through. The company reduced the MSRPs by tens of thousands of dollars and emphasized the vehicles' additional options. Industry analysts express concerns about Fisker's future, with one suggesting that only a few EV companies, including Tesla and major traditional automakers producing EVs, will survive in the long run. Fisker's shares have been delisted from the New York Stock Exchange, and the company is considering strategic alternatives, including potential restructurings and capital market transactions. If Fisker were to file for bankruptcy, it would be the second auto startup from CEO Henrik Fisker to do so.

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