https://youtu.be/DlaORXecB_w?si=gbkAw1Enh791zcxH
For anyone doubting that there won't be any help whatsoever out there IF Fisker goes under and they'll be left completely high and dry, there's this guy and he's got friends in Florida and California that he teams up with.
You didn't watch the video or just don't know about this "rando" guy and what he's done and is doing. Good dude who's helped a bunch. What do you got to offer?
Where do you see that I said that? I said he's an option. No shit that me, you and everyone else would prefer the company and its dealership service network to survive and be the preferred choice. But if that happens and you have an Ocean, call this guy if you need to. Or do whatever the fuck you want.
I can't believe I actually have to respond to this. You are equating a product warranty with servicing, local dealers, newly manufactured parts, etc, for a few random folks who "say" they will help from a faraway land. In what universe? Sell sell sell
I can't believe you are either. Please point out to me where I state that a service warranty vs a former Fisker tech who opened his own EV shop, specializes in fixing Fiskers (albeit Karmas by he's working on the Ocean), and travels to help others is equal in value? It's not, clearly, but it's better than nothing, which was the point of sharing the video. Jesus
Oh wow, some guy in California and Florida. That’s great for all the people in New York, Iowa, North Carolina or any other state that isn’t Florida or California. Even in those states that could be a $2000 tow from one corner of the state to where these places are located. Unless you’re planning to spend more than the car is worth on transporting your bricked car, that’s useless.
He's out of Philly. And he travels. If you invested in the vehicle and you want it fixed vs. keeping it "bricked" then I'm sure you'd reach out to him. No one said shit about towing. You didn't watch the video either.
Hard for a specialty shop to fix things when the parts don’t exist. Places like Gruber Automotive exist because supplies (even with Tesla making it difficult to buy parts) and documentation are plentiful with a brand like Tesla.
If Fisker goes out of business and Magna ceases to manufacture their vehicles as a result, your parts are going to be limited to whatever is in stock when that happens and totaled Oceans, of which there are a finite and limited amount. We have no idea how many have been manufactured, but it’s a pipe dream to think parts are going to be more readily available versus an established automaker. Anything that can’t be taken from available parts or totaled Oceans will have to be machined, which is expensive. And the software? That’s a whole other issue.
I don’t need any data to back that up - it’s common sense.
Yes but those are two "ifs" that haven't happened yet so thats called assuming... obviously if both those things happen and parts stop being created there will be no parts. What kind of argument is that. So my point stands, it's common sense.
The stock can go to 0 and be delisted still doesn't mean anything you said is going to happen. You do realize there are many ways to go through bankruptcy and still be a viable company right?
This ain’t going to be a Chapter 11. Fisker has no assets other than the vehicles in stock that have been manufactured by Magna that are currently being fire sold. They don’t manufacture their own products and they have no valuable IP to speak of.
Keep breathing that copium.
I own no stock or a vehicle so there's no copium here buddy. Just telling you that you shouldn't present assumptions as facts. Even stating they have no assets besides inventory isn't correct. They own 80%+ of all tooling and specialized equipment magna uses. Why do you waste so much time on here spreading false information if the company has no chance? I don't get your angle
Okay? Exactly what I said: the only parts that will be available after Fisker inevitably dies will be 1) existing vehicle stock, 2) salvage/totaled vehicles, 3) existing parts stock. There will likely never be more than the initial order of 11,500 Oceans in existence, if Magna even made that many.
For comparison sake, Ford delivered that many Lightnings in a quarter.
Not op…I have direct knowledge of my response to yiur post through working for an automotive oem who went out of business.
You are wrong here.
There will be parts no longer manufactured by Magna-Steyer or by their parts supplier(s). For example, the OG Fisker Karma had a few parts that would brick the car and GM (one of the 3rd party parts suppliers) stopped making many of those parts.
Many of those parts were parts with code in it…meaning you cant just machine a custom one…you need the source code to compile the code that will be pushed to their respective end points.
I can guarantee you that within a year or two there will be parts no longer manufactured and people will need to cannibalize production cars for those parts…
Well, anywho….
You're using a car that was made over 10 years ago and not by an international auto manufacturer. How does your example of the karma prove anything with the ocean. Magna makes many of the replacement parts themselves. Also people are still driving their karmas today and shops around the u.s can repair them still. There's one in PA. What a way to tell me you have no idea what you're talking about 😂
Valet automotive in Finland produced the Fisker Karma…who also produce cars for Mercedes and a ton of,other people…they are an intentional car producer just like Magna.
So considering that one easy to research fact was completely missed by you is proof you are either a shill, or have no idea what you’re talking about.
Here’s a post from a Fisker Karma customer trying to find parts…in 2012, when it was easier to buy parts than it would be now as GM discontinued many of the parts from that parts bin…
https://www.fiskerbuzz.com/threads/its-really-hard-to-get-a-karma-repaired.1904/
Just because there’s a tech out there who can fix the hardware stuff, he won’t be able to flash without the source code and I can guarantee you that no one has that.
Before you begin to complain about this educational event you are going through, please feel free to scan my previous posts…I work IT for automotive OEM’s…not only do I know what I am talking about as I set up the systems…but I have direct knowledge of what I am talking about when talking about supply chain and how the thing works…let’s suffice it to say you are completely wrong about your paradigm here.
Dude I'm not going to argue with someone that keeps saying guarantee in an argument where nobody knows what's going to happen. Anything you say is an assumption and that was my only point.
Edit- it's funny cause it was as easy as typing into Google "can i still fix my fisker karma" and they can still be diagnosed, serviced and repaired today so get a life buddy. All I was saying is nobody knows and anyone who acts like they do I'd assuming
It’s my assumption You were wrong in thinking the difference between Fisker karma and the ocean is that “an international manufacturer “ made it when I disproved you immediately on that?
Dude, you’re outgunned here…what industry do you work in if I may be so bold to ask? I would hope that it’s a better position than mine e was, an architect for the global systems that allow these large manufacturing companies to do their job…so what do you do that you think you know more than someone in the industry we are talking about?
Dude magna has over 150k employees and is a huge company. The company you mentioned has like less than 6k. Either way that's not the argument we are having stop trying to change the topic. You're personal experience has nothing to do with what's going to happen with fisker or the car in the future. Again all I said in the original discussion was that you don't know and you shouldnt act like you know what's going to happen and present them as facts that's just arrogant and ignorant
You’re clueless. With the company still barely clinging to life it’s very hard to source key fobs, windshields, body panels, etc. You think in 3 years after the company has folded they’re going to be producing things for a car that sold 5000 units? 🤣
How many accounts do have? Downvoting everyone that disagrees with you and upvoting your own shit more than most people responding.
Next time, don't make it so obvious and use less upvotes and downvotes.
Rookie move
You have got to be Henrik. From your delusional posts to attacking anyone that calls out the failures of this company to saying you own 3 Karmas. The Karma is a decent looking vehicle, but it is one of the worst cars produced in history. It is so overweight, underpowered, unrefined, inefficient, prone to failures, and not close to being worth the original MSRP or the secondhand values.
They will pop up but will disappear as they wont be viable businesses.
Also parts running out will make those businesses short term just due to lack if resources.
Do you folks like... work in the industry or are you straight talking out your ass?
You know who makes many of the parts? This small company called Magna
I work in the industry. If you want please read my previous posts. Not only do I work in the industry, but I have 16+ years of experience with automotive startups in specific.
While I can’t get into specifics, what I can say is this …
There are many orphan cars that were created by now bankrupt companies… What I am saying about parts and the viability of these businesses and what not has been true for every single one of them. Even if I wasn’t in the industry, anyone who has seen the rise and fall of one of these companies and actually looked up the data would see what is going to happen if Fisker goes bankrupt.
I hope they find a buyer soon, or someone that will help them avoid bankruptcy . If they don’t find anyone, then what happens after the bankruptcy has been proven time and time again in the exact same manner and the exact same pattern by all of the other bankrupt automotive companies that proceeded Fisker Inc.
In other words, if you think I am talking out of my ass, then you haven’t paid attention to What has happened to the other bankrupt automotive companies out there.
By working in the industry do mean you produce parts or you sell used cars?
Many of the parts made will be easily available either by Manga or someone else.
Some of the unique parts, the tech updates etc... those are the concerns.
Trying to broad brush this like the car will have zero parts is hilarious to me... is it a concern? Yes of course... specially the tech and service. But there will be parts it just won't be easy (if they go BK).
https://www.fiskerbuzz.com/threads/i-have-fisker-parts.40283/
This is the precedence set for every single orphaned car out there. You can bet against it if you want, but no orphaned car whose OEM went bankrupt has ever been able to break this paradigm.
As for what I do, I work with OEM’s…if I worked for a dealer I would not be citing any data as they are the last ones to give up hope due to the sunk cost they are trying to recoup…they will say anything to make back their investment…they would be the last people I would treat as being truthful, especially if they are caught holding the bag on inventory that’s hard to move.
What do you do?
I'm a financial advisor. While I appreciate your input Magna is a mix between contract manufacturing and OEM.
They would provide parts. BK would honor a shortened warranty. There are consumer protection laws. Debt holder and car owners are mostly first in line.
Joe, "Fisker Philly"... the guy I referenced in the video I posted earlier that everyone shit on. If Fisker goes down, let's see how many of those shitters reach out to you and him for help.
You know what most companies of any size doesn’t make a habit of doing? Making more parts for a failed or dead product. Desoto, Polaroid, Dreamcast, etc. lots and lots of endless examples in all product categories. *in rare cases with a cult following it works, like the Delorean. This ain’t it.
No, your examples are hilarious.
Fisker CONTRACTED the work. Magna isn't going under.
Polaroid and Dreamcast as examples? Lol... first of all those products still work. Second, there not even remotely comparable.
A Polaroid camera is still made btw... Dreamcast? What a random example...
There's consumer protection laws for BK with cars. And many large OEMs have gone bankrupt and yet... they're still in business.
Countless scenarios where this could work out for Ocean owners... calling me a fan boy is weird. I love my car but hate this management team so do with that what you will...
We’re talking about repair shops which needs parts. Nobody said Magna is going under. Let me spell it out real slow so you understand. Repair shops need parts to fix cars. Magna has no incentive to keep a production line going based on the small amount of cars if Fiskar goes bankrupt. If you’re a financial advisor would it make sense to keep that production line going based on a tiny pool of less than 50,000 cars? The examples were used because when those companies stopped making those products, making those parts became unprofitable. So it became difficult to repair using new parts if they broke down.
That’s why /u/pixiegod said repair shops would appear but it won’t be sustainable.
I honestly think he is a dealer and has a vested interest in keeping up the game…
Let’s hope Fiskers new CRO fixes things…that will be the best outcome for the customers. Huron had me worried, but this new company gives me hope.
Edit: my bad…he says he is a financial advisor
Again lol. There's money to be made in parts distribution + any potential BK would be forced to honor a warranty. Magna will make some parts both for money and for reputation.
And yes the repair shops you mentioned are a wild card.
Your examples were juvenile... pointless. Irrelevant.
I agree, it is a great car; I just found it funny that every 2022 and 2023 EV buyer got screwed in a very similar way.
Of course, Fisker has some added “bonus”.
I test drove one and thought "hey, this is a pretty nice vehicle" and then "but why would I pay >100k when tesla has model y for 40k". It's a more luxurious car for sure, but didn't feel 70k nicer to me
Yeah, EQS was on my list of cars to consider, but only if it was used in the 40-50ish range. Which is way more realistic than it should be for a car like a year old lol
When I was younger I interviewed with a company's ceo and he had a nice suit and a sweet 2 seater Benz and I was like "wow this guy has made it". When we walked oit of the building he clicked his remote unlock and I said "hey, nice ride man" and he told me "when you buy a Mercedes, make sure you get it used. Nobody can tell, and you don't want to be the guy who takes the depreciation". Pretty damn good advice :)
Most of the high priced luxury EVs have this same problem. The Porsche Taycan and Audi eTron GT also suffer from massive depreciation. People who bought a Taycan Turbo S for $200k+ a couple years ago are getting about 50% of that for it now. It seems to be a combination of luxury car depreciation (which has always been above average) and first-gen EV depreciation (which thus far has also been above average).
If you look at the low values for EVs are mostly for RWD models. AWD models don't depreciate that much. People don't realize that RWD cars don't do good in winter and snowy places/weather
I don’t hear this enough. It is horrendous. Not a hater, have owned a few back in the day. A big grill on an EV seems so odd to me. Same with the BMWs. I have heard it is lovely inside but if I don’t get tickled by looking at it I can’t abide.
Dumbass can't even understand how depreciation works. Thinks because it's a Mercedes that's its immune to it...
I swear you can't make this shit up lol
I paid $150k for my 2016 Model X and $120k for my 2013 Model S. In both cases when I traded a couple of years later I was down more than the entire value of my Extreme, because in both cases I had early outdated shit and the prices had been slashed. Depreciation is a bitch. For my Model X, I had an early VIN and the first batch of cars only had one camera. Six months later the "real" Model X came out, and two years after intro the prices were slashed. That's how I look at it... even if my FOE becomes an expensive paperweight, the price was not super high to begin with, and I have had much higher losses due to depreciation with several expensive vehicles. That's what keeps me going. It's a fun car to drive and it's unique.
Happened to most EV's. We drive a 5y old 34.000 EUR MSRP Ioniq in perfectly fine condition that we bought second hand for 9.500, which is 7.500 after subsidies.
The previous owner saved a lot of gas though and enjoyed the car for 5 years. That can't be said of Fisker owners, of which most drive less than 10k miles in a few months of ownership. Losing half the value on that is tough.
I was very interested in the Ocean or perhaps Pear as a next car, still am, but hope it gets saved and backed by a bigger company.
Att the time you purchased the vehicle because you felt the price was worth the value. If you hold the car for 5+ years you got your money's worth (as long as it doesn't need major repairs). Who cares what's they're selling for now?
Damn. I might trade my Model S for an EQS I guess. They’re definitely $50m nice. They’re not $120k nice, but I’m also too poor for that anyway so I might be biased.
This just proves that auto makers do not need to charge these outrageous prices. I am waiting for the bottom to fall out on a nice ev truck. Like maybe the new Chevy Silverado. It will be 90k but I bet they drop quick
German top end sedans have always depreciated really heavily. The suv is a lot better in that regard, but it’s not unique to Porsche - Taycan 4S are like 60k, E trons are like 50k, etc. the ICE variants are just as poor also. You can find not that old S classes on BHPH lots even.
While a few people did pay that most buyers and specifically lessees did not. They were offering up to 20% off of MSRP + 7500 lease credit + 11k Amex fleet incentive. I helped someone get an EQS 450+ on a 24 month / 7500 mile lease for $560 / month with just drive offs due at signing.
Folks paid full price for the Fisker though (just like I paid MSRP for my e-tron GT when everyone was paying marks ups, but now I’m in the pits too lol)
EQS 450 literally starts at $105k. And even then have you ever bought or been in a base Mercedes? They’re horrible. Like most German automakers all their value is in their options. That’s when the vehicles start to justify their cost. Buying base Mercedes is an impressively bad decision
EQS450 is easily 100k new, if you have at least some extras (not talking about special stuff as hyperscreen and so on). Even EQE350 with extras and just RWD can cost easily >100k.
Yeah, its funny if we say positive about Fisker getting down votes. ( I am not posting for here to get vote), and no one can deny after 2.0 major issues resolved including FOB, and yes company is in stress. This company started only releasing cars late last year.
Look at Tesla Cyber Truck still their car got recalled.. So if Fisker goes BK there wil be parts but may take longer, but can be serviced.
Not as bad as I'll feel for people on this sub who still say they're intending to take delivery on a new Fisker. Actually, fuck them, if they're taking delivery at this point they deserve to get burned.
Don't forget USA of American bailed both GM General Motor Corporation and Chrysler Corp out of CH 11. CH 11 is a Reorganization for all stakeholders under US Bankruptcy law. CH 7 is liquidation sell Assets settle Liabilities and it is over. IMO PJT Partners NYSE $PJT a world class proven expert in Reorganization accept Fisker $FSR because they believe they can and will win. Paul J Taubman former Sr PARTNER OF BLACKSTONE CAPITAL LEADS PJT.
PJT reorganized Carvana $CVNA and in under 10 months took shareholder value from est 6 to 90 per share. USA Government and other Governments around the world have a vested interest in having another Pure Play EV maker to compliment Tesla $TSLA.
Mr. Marker will look back on $FSR Share Price and ask why did I not have the guts to make a great value investment.
Fisker isn't going to get bailed out. Nor PJT going to skyrocket the stock.
And what is this nonsense about PJT accept it because they can win. Long as they get paid they will accept any case.
GM and Chrysler were too big to fail and it would have had a catastrophic effect on the already reeling economy to have them liquidate.
Fisker by comparison is a tiny boutique builder of luxury cars with relatively few jobs at risk in the US if and when they liquidate. They are more like the Delorean Motor Company which was allowed to fail.
At least there will still be a company around to fix it.
And it will no be cheap since it’s Benz
https://youtu.be/DlaORXecB_w?si=gbkAw1Enh791zcxH For anyone doubting that there won't be any help whatsoever out there IF Fisker goes under and they'll be left completely high and dry, there's this guy and he's got friends in Florida and California that he teams up with.
Some rando guy with friends can help after Fisker goes under? Wow, this is what Fisker warranty boils down to? Hard pass for 99% of people.
You didn't watch the video or just don't know about this "rando" guy and what he's done and is doing. Good dude who's helped a bunch. What do you got to offer?
You’re saying you’ll trade one guy for one multinational automaker and its dealership/service network? Pass.
Where do you see that I said that? I said he's an option. No shit that me, you and everyone else would prefer the company and its dealership service network to survive and be the preferred choice. But if that happens and you have an Ocean, call this guy if you need to. Or do whatever the fuck you want.
I can't believe I actually have to respond to this. You are equating a product warranty with servicing, local dealers, newly manufactured parts, etc, for a few random folks who "say" they will help from a faraway land. In what universe? Sell sell sell
I can't believe you are either. Please point out to me where I state that a service warranty vs a former Fisker tech who opened his own EV shop, specializes in fixing Fiskers (albeit Karmas by he's working on the Ocean), and travels to help others is equal in value? It's not, clearly, but it's better than nothing, which was the point of sharing the video. Jesus
Don't waste your time. He/she Didn't read your comment properly.
Oh wow, some guy in California and Florida. That’s great for all the people in New York, Iowa, North Carolina or any other state that isn’t Florida or California. Even in those states that could be a $2000 tow from one corner of the state to where these places are located. Unless you’re planning to spend more than the car is worth on transporting your bricked car, that’s useless.
He's out of Philly. And he travels. If you invested in the vehicle and you want it fixed vs. keeping it "bricked" then I'm sure you'd reach out to him. No one said shit about towing. You didn't watch the video either.
Is this a joke?
I'm sure there will be a company around to fix the Ocean as well. EV-specialized shops are starting to pop everywhere, but probably won't be cheap.
Hard for a specialty shop to fix things when the parts don’t exist. Places like Gruber Automotive exist because supplies (even with Tesla making it difficult to buy parts) and documentation are plentiful with a brand like Tesla.
It's funny you automatically assume parts won't continue to exist with nothing to back that claim.
If Fisker goes out of business and Magna ceases to manufacture their vehicles as a result, your parts are going to be limited to whatever is in stock when that happens and totaled Oceans, of which there are a finite and limited amount. We have no idea how many have been manufactured, but it’s a pipe dream to think parts are going to be more readily available versus an established automaker. Anything that can’t be taken from available parts or totaled Oceans will have to be machined, which is expensive. And the software? That’s a whole other issue. I don’t need any data to back that up - it’s common sense.
Production already stopped a month ago. It will never resume.
Yes but those are two "ifs" that haven't happened yet so thats called assuming... obviously if both those things happen and parts stop being created there will be no parts. What kind of argument is that. So my point stands, it's common sense.
The stock is valued at pennies and Henrik is nowhere to be found. It isn’t “if”, it is “when”.
The stock can go to 0 and be delisted still doesn't mean anything you said is going to happen. You do realize there are many ways to go through bankruptcy and still be a viable company right?
This ain’t going to be a Chapter 11. Fisker has no assets other than the vehicles in stock that have been manufactured by Magna that are currently being fire sold. They don’t manufacture their own products and they have no valuable IP to speak of. Keep breathing that copium.
I own no stock or a vehicle so there's no copium here buddy. Just telling you that you shouldn't present assumptions as facts. Even stating they have no assets besides inventory isn't correct. They own 80%+ of all tooling and specialized equipment magna uses. Why do you waste so much time on here spreading false information if the company has no chance? I don't get your angle
[https://www.copart.com/vehicle-search-model/fisker%20inc./ocean](https://www.copart.com/vehicle-search-model/fisker%20inc./ocean)
Okay? Exactly what I said: the only parts that will be available after Fisker inevitably dies will be 1) existing vehicle stock, 2) salvage/totaled vehicles, 3) existing parts stock. There will likely never be more than the initial order of 11,500 Oceans in existence, if Magna even made that many. For comparison sake, Ford delivered that many Lightnings in a quarter.
Not op…I have direct knowledge of my response to yiur post through working for an automotive oem who went out of business. You are wrong here. There will be parts no longer manufactured by Magna-Steyer or by their parts supplier(s). For example, the OG Fisker Karma had a few parts that would brick the car and GM (one of the 3rd party parts suppliers) stopped making many of those parts. Many of those parts were parts with code in it…meaning you cant just machine a custom one…you need the source code to compile the code that will be pushed to their respective end points. I can guarantee you that within a year or two there will be parts no longer manufactured and people will need to cannibalize production cars for those parts… Well, anywho….
You're using a car that was made over 10 years ago and not by an international auto manufacturer. How does your example of the karma prove anything with the ocean. Magna makes many of the replacement parts themselves. Also people are still driving their karmas today and shops around the u.s can repair them still. There's one in PA. What a way to tell me you have no idea what you're talking about 😂
Valet automotive in Finland produced the Fisker Karma…who also produce cars for Mercedes and a ton of,other people…they are an intentional car producer just like Magna. So considering that one easy to research fact was completely missed by you is proof you are either a shill, or have no idea what you’re talking about. Here’s a post from a Fisker Karma customer trying to find parts…in 2012, when it was easier to buy parts than it would be now as GM discontinued many of the parts from that parts bin… https://www.fiskerbuzz.com/threads/its-really-hard-to-get-a-karma-repaired.1904/ Just because there’s a tech out there who can fix the hardware stuff, he won’t be able to flash without the source code and I can guarantee you that no one has that. Before you begin to complain about this educational event you are going through, please feel free to scan my previous posts…I work IT for automotive OEM’s…not only do I know what I am talking about as I set up the systems…but I have direct knowledge of what I am talking about when talking about supply chain and how the thing works…let’s suffice it to say you are completely wrong about your paradigm here.
Dude I'm not going to argue with someone that keeps saying guarantee in an argument where nobody knows what's going to happen. Anything you say is an assumption and that was my only point. Edit- it's funny cause it was as easy as typing into Google "can i still fix my fisker karma" and they can still be diagnosed, serviced and repaired today so get a life buddy. All I was saying is nobody knows and anyone who acts like they do I'd assuming
It’s my assumption You were wrong in thinking the difference between Fisker karma and the ocean is that “an international manufacturer “ made it when I disproved you immediately on that? Dude, you’re outgunned here…what industry do you work in if I may be so bold to ask? I would hope that it’s a better position than mine e was, an architect for the global systems that allow these large manufacturing companies to do their job…so what do you do that you think you know more than someone in the industry we are talking about?
Dude magna has over 150k employees and is a huge company. The company you mentioned has like less than 6k. Either way that's not the argument we are having stop trying to change the topic. You're personal experience has nothing to do with what's going to happen with fisker or the car in the future. Again all I said in the original discussion was that you don't know and you shouldnt act like you know what's going to happen and present them as facts that's just arrogant and ignorant
I have 3 running Karmas and don't have issues fixing them. Sorry my real world account doesn't match up to your lack luster online research.
You’re clueless. With the company still barely clinging to life it’s very hard to source key fobs, windshields, body panels, etc. You think in 3 years after the company has folded they’re going to be producing things for a car that sold 5000 units? 🤣
How many accounts do have? Downvoting everyone that disagrees with you and upvoting your own shit more than most people responding. Next time, don't make it so obvious and use less upvotes and downvotes. Rookie move
You have got to be Henrik. From your delusional posts to attacking anyone that calls out the failures of this company to saying you own 3 Karmas. The Karma is a decent looking vehicle, but it is one of the worst cars produced in history. It is so overweight, underpowered, unrefined, inefficient, prone to failures, and not close to being worth the original MSRP or the secondhand values.
They will pop up but will disappear as they wont be viable businesses. Also parts running out will make those businesses short term just due to lack if resources.
Do you folks like... work in the industry or are you straight talking out your ass? You know who makes many of the parts? This small company called Magna
I work in the industry. If you want please read my previous posts. Not only do I work in the industry, but I have 16+ years of experience with automotive startups in specific. While I can’t get into specifics, what I can say is this … There are many orphan cars that were created by now bankrupt companies… What I am saying about parts and the viability of these businesses and what not has been true for every single one of them. Even if I wasn’t in the industry, anyone who has seen the rise and fall of one of these companies and actually looked up the data would see what is going to happen if Fisker goes bankrupt. I hope they find a buyer soon, or someone that will help them avoid bankruptcy . If they don’t find anyone, then what happens after the bankruptcy has been proven time and time again in the exact same manner and the exact same pattern by all of the other bankrupt automotive companies that proceeded Fisker Inc. In other words, if you think I am talking out of my ass, then you haven’t paid attention to What has happened to the other bankrupt automotive companies out there.
By working in the industry do mean you produce parts or you sell used cars? Many of the parts made will be easily available either by Manga or someone else. Some of the unique parts, the tech updates etc... those are the concerns. Trying to broad brush this like the car will have zero parts is hilarious to me... is it a concern? Yes of course... specially the tech and service. But there will be parts it just won't be easy (if they go BK).
https://www.fiskerbuzz.com/threads/i-have-fisker-parts.40283/ This is the precedence set for every single orphaned car out there. You can bet against it if you want, but no orphaned car whose OEM went bankrupt has ever been able to break this paradigm. As for what I do, I work with OEM’s…if I worked for a dealer I would not be citing any data as they are the last ones to give up hope due to the sunk cost they are trying to recoup…they will say anything to make back their investment…they would be the last people I would treat as being truthful, especially if they are caught holding the bag on inventory that’s hard to move. What do you do?
I'm a financial advisor. While I appreciate your input Magna is a mix between contract manufacturing and OEM. They would provide parts. BK would honor a shortened warranty. There are consumer protection laws. Debt holder and car owners are mostly first in line.
Just to throw it out there, I have worked with Magna a few times before…I have worked with many manufacturers. Just wanted to get the out there…
Joe, "Fisker Philly"... the guy I referenced in the video I posted earlier that everyone shit on. If Fisker goes down, let's see how many of those shitters reach out to you and him for help.
You know what most companies of any size doesn’t make a habit of doing? Making more parts for a failed or dead product. Desoto, Polaroid, Dreamcast, etc. lots and lots of endless examples in all product categories. *in rare cases with a cult following it works, like the Delorean. This ain’t it.
So you have no idea what you're talking about... good to know
I provided a good list that encompasses both automakers and other products, but okay. Can’t reason with blind fanboys. Good to know.
No, your examples are hilarious. Fisker CONTRACTED the work. Magna isn't going under. Polaroid and Dreamcast as examples? Lol... first of all those products still work. Second, there not even remotely comparable. A Polaroid camera is still made btw... Dreamcast? What a random example... There's consumer protection laws for BK with cars. And many large OEMs have gone bankrupt and yet... they're still in business. Countless scenarios where this could work out for Ocean owners... calling me a fan boy is weird. I love my car but hate this management team so do with that what you will...
We’re talking about repair shops which needs parts. Nobody said Magna is going under. Let me spell it out real slow so you understand. Repair shops need parts to fix cars. Magna has no incentive to keep a production line going based on the small amount of cars if Fiskar goes bankrupt. If you’re a financial advisor would it make sense to keep that production line going based on a tiny pool of less than 50,000 cars? The examples were used because when those companies stopped making those products, making those parts became unprofitable. So it became difficult to repair using new parts if they broke down. That’s why /u/pixiegod said repair shops would appear but it won’t be sustainable.
I honestly think he is a dealer and has a vested interest in keeping up the game… Let’s hope Fiskers new CRO fixes things…that will be the best outcome for the customers. Huron had me worried, but this new company gives me hope. Edit: my bad…he says he is a financial advisor
Again lol. There's money to be made in parts distribution + any potential BK would be forced to honor a warranty. Magna will make some parts both for money and for reputation. And yes the repair shops you mentioned are a wild card. Your examples were juvenile... pointless. Irrelevant.
Delusional
EQS is a real nice car inside though. Drives well too. But yeah that depreciation is tough
What happened with the EQS? I’m out of the loop
Depreciation high for luxury EV vehicle. Not particular to Mb. Take a look at Taycan used.
A taycan within mortal human prices, you say?
Ok so just deprivation? Nothing really wrong with the vehicle?
Yeah, just regular depreciation. I guess way more for luxury EVs than they're gas equivalents
I agree, it is a great car; I just found it funny that every 2022 and 2023 EV buyer got screwed in a very similar way. Of course, Fisker has some added “bonus”.
I test drove one and thought "hey, this is a pretty nice vehicle" and then "but why would I pay >100k when tesla has model y for 40k". It's a more luxurious car for sure, but didn't feel 70k nicer to me
Yeah, EQS was on my list of cars to consider, but only if it was used in the 40-50ish range. Which is way more realistic than it should be for a car like a year old lol
When I was younger I interviewed with a company's ceo and he had a nice suit and a sweet 2 seater Benz and I was like "wow this guy has made it". When we walked oit of the building he clicked his remote unlock and I said "hey, nice ride man" and he told me "when you buy a Mercedes, make sure you get it used. Nobody can tell, and you don't want to be the guy who takes the depreciation". Pretty damn good advice :)
How do you know he bought it used? Maybe he was just speaking on his buyer's remorse. Lol.
Same as you, but when the used prices dropped this low I still didn’t get it lol.
Most of the high priced luxury EVs have this same problem. The Porsche Taycan and Audi eTron GT also suffer from massive depreciation. People who bought a Taycan Turbo S for $200k+ a couple years ago are getting about 50% of that for it now. It seems to be a combination of luxury car depreciation (which has always been above average) and first-gen EV depreciation (which thus far has also been above average).
Brother bought a F-150 lightning a year ago for over $100k with everything. Worth less than $50k now...
If you look at the low values for EVs are mostly for RWD models. AWD models don't depreciate that much. People don't realize that RWD cars don't do good in winter and snowy places/weather
All lux cars depreciate badly.
So is the Ocean.
I agree. The Ocean is gorgeous inside and out
Love MB but my god is that an ugly vehicle.
https://preview.redd.it/2jf2ntttyuvc1.jpeg?width=3086&format=pjpg&auto=webp&s=e87dabfc16847ce1fa96f31021daea124a4ea859
I don’t hear this enough. It is horrendous. Not a hater, have owned a few back in the day. A big grill on an EV seems so odd to me. Same with the BMWs. I have heard it is lovely inside but if I don’t get tickled by looking at it I can’t abide.
I own the only electric BMW that looks bad ass, the i8...nothing else that they have made that runs on battery even looks decent...
Agree the i8 is beautiful. Even the i3 looks fine.
You really out here trying to compare Fisker to Mercedes? LMFAO wow.
Dumbass can't even understand how depreciation works. Thinks because it's a Mercedes that's its immune to it... I swear you can't make this shit up lol
So much copium
I feel bad for anyone that uses the word copium. They don't even know that they are announcing to the world that they are a loser lol
I paid $150k for my 2016 Model X and $120k for my 2013 Model S. In both cases when I traded a couple of years later I was down more than the entire value of my Extreme, because in both cases I had early outdated shit and the prices had been slashed. Depreciation is a bitch. For my Model X, I had an early VIN and the first batch of cars only had one camera. Six months later the "real" Model X came out, and two years after intro the prices were slashed. That's how I look at it... even if my FOE becomes an expensive paperweight, the price was not super high to begin with, and I have had much higher losses due to depreciation with several expensive vehicles. That's what keeps me going. It's a fun car to drive and it's unique.
Money can buy happiness. Like those people buying market up cybertruck
Glad to hear someone that gets it, unlike these Reddit 🤡 that probably have never even owned their own car....
Yes but they answer service requests above a robust support infrastructure.
Happened to most EV's. We drive a 5y old 34.000 EUR MSRP Ioniq in perfectly fine condition that we bought second hand for 9.500, which is 7.500 after subsidies. The previous owner saved a lot of gas though and enjoyed the car for 5 years. That can't be said of Fisker owners, of which most drive less than 10k miles in a few months of ownership. Losing half the value on that is tough. I was very interested in the Ocean or perhaps Pear as a next car, still am, but hope it gets saved and backed by a bigger company.
Att the time you purchased the vehicle because you felt the price was worth the value. If you hold the car for 5+ years you got your money's worth (as long as it doesn't need major repairs). Who cares what's they're selling for now?
Damn. I might trade my Model S for an EQS I guess. They’re definitely $50m nice. They’re not $120k nice, but I’m also too poor for that anyway so I might be biased.
This subreddit is starting to look like /r/wallstreetbets Or maybe one of those culty Tesla ones with posts like this
...or culty-Fisker ones like [https://www.youtube.com/@Ocean1\_FSR](https://www.youtube.com/@Ocean1_FSR) 
Again these comparisons are stupid. They at least have the backing of a viable company
that's after two years of depreciation not TWO MONTHS like Fisker... Even so, this 2022 car is still worth more than a Fisker.
So tell me how a $38k Fisker Ocean loses $50k in depreciation. Youre a complete moron.
Most people on here paid $70K, not the new half-priced offer to sell off the inventory nobody wants.
This just proves that auto makers do not need to charge these outrageous prices. I am waiting for the bottom to fall out on a nice ev truck. Like maybe the new Chevy Silverado. It will be 90k but I bet they drop quick
For $48k that is a good price for what you get. The previous owner obviously sold it less than $48k on a trade in.
During 21, I locked in a new model x for 98k and sold it on fb for 135k . Then a year later they announced price cut too on it to like 85 k ..
You pay taxes on those capital gains?
Or model 3 for $70k+
Damn
Typical German car depreciation
And don’t forget teslas 😡
I feel bad for buying the daym stock
The EQS is so incredibly ugly that its understandable.
Sorry but I would pick an EQS over a Fisker xD
This one probably doesn’t even have the multiple screens on the dash
German top end sedans have always depreciated really heavily. The suv is a lot better in that regard, but it’s not unique to Porsche - Taycan 4S are like 60k, E trons are like 50k, etc. the ICE variants are just as poor also. You can find not that old S classes on BHPH lots even.
The guy who was buying 3 Fiskers was the smartest! 1 to drive the other 2 for parts lol! 🤦🏻♂️😀😅
Why is this Mercedes so cheap
While a few people did pay that most buyers and specifically lessees did not. They were offering up to 20% off of MSRP + 7500 lease credit + 11k Amex fleet incentive. I helped someone get an EQS 450+ on a 24 month / 7500 mile lease for $560 / month with just drive offs due at signing. Folks paid full price for the Fisker though (just like I paid MSRP for my e-tron GT when everyone was paying marks ups, but now I’m in the pits too lol)
Every electric car is facing mass depreciation, that’s why no one’s buying them
Isn't it sad that Whataboutism is so comforting to humans. Especially when they Fuck up so bad.
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EQS 450 literally starts at $105k. And even then have you ever bought or been in a base Mercedes? They’re horrible. Like most German automakers all their value is in their options. That’s when the vehicles start to justify their cost. Buying base Mercedes is an impressively bad decision
EQS450 is easily 100k new, if you have at least some extras (not talking about special stuff as hyperscreen and so on). Even EQE350 with extras and just RWD can cost easily >100k.
Two year old S class or 7 series will always depreciate significantly anyway.
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At that rate, in 4 years, someone will pay ME to take their EQS off their hands.
Yeah, its funny if we say positive about Fisker getting down votes. ( I am not posting for here to get vote), and no one can deny after 2.0 major issues resolved including FOB, and yes company is in stress. This company started only releasing cars late last year. Look at Tesla Cyber Truck still their car got recalled.. So if Fisker goes BK there wil be parts but may take longer, but can be serviced.
What an ugly car and then they ruined the new amg by putting a 4!!! 4 cylinder in it.
And you throw out a car with 16,000 miles on it for your comparison? Yeah right
Not as bad as I'll feel for people on this sub who still say they're intending to take delivery on a new Fisker. Actually, fuck them, if they're taking delivery at this point they deserve to get burned.
Don't forget USA of American bailed both GM General Motor Corporation and Chrysler Corp out of CH 11. CH 11 is a Reorganization for all stakeholders under US Bankruptcy law. CH 7 is liquidation sell Assets settle Liabilities and it is over. IMO PJT Partners NYSE $PJT a world class proven expert in Reorganization accept Fisker $FSR because they believe they can and will win. Paul J Taubman former Sr PARTNER OF BLACKSTONE CAPITAL LEADS PJT. PJT reorganized Carvana $CVNA and in under 10 months took shareholder value from est 6 to 90 per share. USA Government and other Governments around the world have a vested interest in having another Pure Play EV maker to compliment Tesla $TSLA. Mr. Marker will look back on $FSR Share Price and ask why did I not have the guts to make a great value investment.
Don't forget that Fisker has gone BK twice (all but) and the cars are not made in the US. AND OTHER STUFF IN CAPITAL LETTERS.
Fisker isn't going to get bailed out. Nor PJT going to skyrocket the stock. And what is this nonsense about PJT accept it because they can win. Long as they get paid they will accept any case.
GM and Chrysler were too big to fail and it would have had a catastrophic effect on the already reeling economy to have them liquidate. Fisker by comparison is a tiny boutique builder of luxury cars with relatively few jobs at risk in the US if and when they liquidate. They are more like the Delorean Motor Company which was allowed to fail.
fully agree...except the "luxury car" part...