I guess the timing was way off given the end of ZIRP and all, but it's a shame that even this EV company model failed.
They stood out by using an established contract manufacturer for production (Magna). I'm sure that eats into margins a lot but it also meant they didn't have "production hell" and the same multi-billion investment to build out a factor that other EV startups have gone through.
Not sure how much is timing and how much is Fisker given his track record.
Also crazy they botched the software & customer service given they outsourced the actual building cars part... and still had mechanical defects (design or build issue ?).
They stood out by using an established contract manufacturer for production (Magna). I'm sure that eats into margins a lot but it also meant they didn't have "production hell" and the same multi-billion investment to build out a factor that other EV startups have gone through.
Not sure how much is timing and how much is Fisker given his track record.
Also crazy they botched the software & customer service given they outsourced the actual building cars part... and still had mechanical defects (design or build issue ?).