Fisker’s Luxury Electric SUV Now Available for $25,000 Amid Company’s Financial Woes
California-based electric vehicle manufacturer Fisker is offering its luxury electric SUV, the Ocean, at an unprecedented price of $25,000, marking a significant discount from its original sticker price. However, potential buyers should be wary of the company’s uncertain financial future and mixed reviews of the vehicle.
Fisker’s stock has plummeted to just over 2 cents a share, signalling a looming threat of bankruptcy. Despite production halting, the company still has unsold SUVs in stock, prompting the drastic price reduction. Prices for the top-of-the-line Ocean Extreme have been slashed from $62,500 to $37,500, while the Sport trim level is now available for $25,000, down from $39,000.
In an attempt to frame the price cuts as a strategic move rather than a desperate measure, Fisker emphasized its commitment to making the Ocean SUV a more affordable option in the electric vehicle market. However, the vehicle has received criticism from reviewers, including a scathing review titled “This is the Worst Car I’ve Ever Reviewed” by popular YouTube personality Marques Brownlee.
Consumer Reports also highlighted issues with the Ocean’s ride quality and software, although it praised certain features such as cargo space and rear seat legroom. Fisker attributed some of these problems to early versions of the vehicle’s software and promised ongoing updates to address them.
One significant concern for potential buyers is the uncertainty surrounding Fisker’s ability to provide service and support in the event of a business failure. With only a limited number of dealerships established in the United States and Europe, questions remain about the availability of maintenance and repairs for Fisker vehicles.
Despite these challenges, Fisker remains determined to navigate its financial troubles and deliver on its promises to customers. However, the future of the company and its luxury electric SUV hangs in the balance as it grapples with cash flow issues and production setbacks.
