2023 Fisker Ocean on 2040-cars

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The $130,000 Fisker EMotion can be reserved for just $2,000

Just as Tesla did with the Model 3, Fisker is taking reservations for its upcoming EMotion electric sedan at its website. Deposits for the Fisker are a bit pricier than those for the Model 3, though, at $2,000 per reservation. Model 3 deposits were half of that. Of course, at a base price of $129,900, the EMotion is also about three to four times more than the target cost of the Model 3. There's also an interesting stipulation with reserving cars: Only three are allowed per person. We're not really sure why someone would need to order sizable batches of any car, but maybe it's just going to be that good. View 14 Photos The previously revealed specifications are certainly ambitious. Fisker says the car will be capable of going 400 miles on a charge, and that it will be able to pick up an extra 100 miles in 9 minutes of charging on a proprietary charging system. The car features autonomous technology, too, and some of the sensors are smartly hidden in the front chrome "grille." That faux grille and other styling details are all on display in an array of new photos and a video, all of which are shown above. The video shows the car in great detail as it slowly cruises past the overt "green" imagery of windmills and solar panels. Related Video: Image Credit: Fisker Green Fisker Green Automakers Technology Emerging Technologies Electric Luxury Sedan

Fisker cancels roadside assistance service in the United States

Fisker is reportedly in talks with several companies about a potential take-over, but a deal hasn't been announced yet and its troubles aren't over. The brand has notified owners of the Ocean, its only production model, that it will no longer provide a roadside assistance service. "We have an important update regarding our Roadside Assistance services that we want to share with you. Despite our best efforts, we regret to announce that Fisker Roadside Assistance is no longer available," the brand wrote in an email sent to its customers in May 2024. Several owners posted a screenshot of the email on Reddit, and a spokesperson for Fisker confirmed that roadside assistance is no longer available in our market in a statement sent to website CarScoops. Roadside assistance has already been canned in markets across Europe. Details about the service still appear on Fisker's website. Roadside assistance was available in all 50 states, 24 hours a day, and 365 days a year. The plan was valid for six years or 60,000 miles after the sale date, whichever came first. It covered a wide range of problems including mechanical disablement, a loss of power, a flat tire, and a lockout. Crucially, the fine print notes that Fisker "reserves the right to revise or discontinue specific roadside assistance benefits at any time without notice or refund, reimbursement, or credit to the owner." Fisker's recent financial problems are well documented, but the company seemingly believes there's a light at the end of the tunnel. It added three stores to its American dealer network in May 2024: Newport Fisker in Orange County, Fisker of San Jose, and Belford Fisker in New Jersey. These outlets will initially help the brand liquidate its inventory of left-over 2023 cars, which received a big price cut earlier in 2024. However, Fisker reportedly sent its staff members an email warning of company-wide layoffs that could start on June 28, 2024. Green Fisker Electric

Auto startups chasing Tesla race past red flags to go public

Missed out on the Tesla rally but still want to surf the electric vehicle wave? A stream of EV-related startups backed by blank-check firms is lining up to go public so there are plenty of choices. But like Tesla in the early days, few have products ready to sell or any likelihood of generating significant revenue anytime soon. Instead, investors will be relying on rosy production, sales and revenue forecasts for new cars, trucks and batteries, all set to be jostling for a slice of markets that will be far more crowded than when Tesla's cars first hit the road. Take Fisker Inc, for example. It was launched in 2016, just three years after the bankruptcy of its predecessor and early Tesla rival Fisker Automobile. In July, Fisker Inc announced a $2.9 billion reverse merger deal with Spartan Energy Acquisition Corp, a Special Purpose Acquisition Company (SPAC), and is planning to go public later this year. It has no revenue and its Fisker Ocean electric sports-utility vehicle (SUV) is at least two years away from production in a project heavily dependent on nailing down deals with partners who will build the car and provide key components. That's not particularly unique for young companies in the sector looking to use SPACs to go public and bypass the scrutiny of a traditional IPO process, according to company presentations and interviews with executives and investors. That also didn't seem to be an issue earlier this year when U.S. electric truck maker Nikola Motors used a SPAC to go public. Shares in the company that hopes to generate revenue next year almost trebled after listing on the Nasdaq exchange. But they slumped when a short-seller questioned whether founder Trevor Milton had made false claims about Nikola's technology, forcing the 38-year-old entrepreneur to step down as executive chairman — and making some investors more cautious. Nikola and Milton have publicly rejected the accusations and have threatened to take legal action against the short-seller, Hindenberg Research. "Good storytelling is an important component of being a good founder and entrepreneur — but it better not be the only component," says Evangelos Simoudis, managing partner and founder of startup investor Synapse Partners. 'IT'S A FORECAST' Fisker Inc's founder Henrik Fisker is well known in the industry for designing sports cars such as Aston Martin's Vantage, and for his failed EV firm Fisker Automobile that went bust in 2013 after burning through more than $1 billion.