2023 Fisker Ocean One on 2040-cars

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Fisker cuts production forecast as challenges mount for EV startups

Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to ramp up output in the face of supply chain constraints, easing demand and a tight cash position. Shares of the company slumped 12% in premarket trading. This comes just days after the automaker announced it had delivered its first Ocean SUV in Denmark, followed by its first vehicle registration in Germany. The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc, sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided with rising interest rates and sluggish demand, with many grappling with production challenges. Market leader Tesla has also cut prices to stoke demand. Fisker now expects to produce between 32,000 and 36,000 units in 2023, compared with its previous target of 42,400 cars. The company blamed the cut on supply chain issues and an updated timing for homologation, or the certification for roadworthiness. Its 32-cent per share adjusted loss for the first three months of the year was also larger than Wall Street estimates for a 30-cent loss, according to Refinitiv data. As of March 31, Fisker had about $652.5 million in cash and cash equivalents, compared with $1.04 billion a year earlier. The company expects to produce between 1,400 and 1,700 vehicles in the second quarter. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Green Plants/Manufacturing Fisker SUV Electric

Fisker Ocean goes prepper, teasing hardcore off-roader for 2021

Fisker Automotive's battery-electric Ocean crossover is a year away, with production scheduled for 2021. It's silly to think we won't hear any more about the Ocean until then, though. Eponymous honcho Henrik Fisker hit up Twitter to tease two versions of a much meatier Ocean. Both designs sit on gratuitously broad, knobby tires that require a widebody treatment in order to fit entirely under the crossover. On one design, the only other change is a spare tire placed in the roof rack. On the second version, the roof rack is empty, but the tailgate carries a shovel and contains a small door labeled "Charging Box." In the tweets, Fisker writes he's "found an amazing space for the spare tire, that could only be done with an EV!! Not the roof, in sketch! Will reveal next week."    This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker tagged the tweets with "adventure" and "Extreme Rescues," indications of the individual, NGO, and military aspirations for the model. He told Top Gear magazine, "The low center of gravity and wide track brings added stability and makes the Fisker Ocean a perfect clean sustainable utility vehicle, that can be used by international organisations, which needs to deploy rescue vehicles in rural areas, it can also be used as a zero emission military version to transport military personnel, as oil is one of the largest expenses for the military." Back to the mystery of spare tire placement, the CEO wrote that the space is not in the cargo area nor in the frunk. This doesn't leave many EV-specific options, especially since it's crucial to keep spare tires where they can be easily extracted when off-road, but we'll wait for the big reveal for the answer. Should the Ocean off-roader get its debut next year, it will enter a segment that's picking up more competitors by the month, both EV and internal combustion. If Fisker can launch his standard Ocean for $37,000, and price the adventure Ocean not far off that, he'll at least have a clear value victory over other makers like Rivian, Bollinger, and the premium pricing we expect for a 1,000-horsepower Hummer EV. Related Video:    

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