"Fisker's Drastic Price Cuts and Reservation Cancellations Signal Financial Struggles"
The Fisker Ocean has become the cheapest new electric vehicle in America at $24,999 after drastic price cuts, but potential buyers should be cautious due to the embattled EV startup's financial struggles and the risk of bankruptcy. With the possibility of limited replacement parts, service support, and unresolved software issues, experts advise against purchasing the Ocean at this time, despite its attractive pricing.