Fisker’s Financials Explained | They Broke Every Rule of Finance 101
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- Опубликовано: 8 июн 2024
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@Adam's Everything EV I worked in Finance for many year and that was an excellent presentation. This is not uncommon with startups, especially ones that have few assets. While it may seem predatory, it should be noted that lending money to Fisker was a very very high-risk investment. Companies have a duty to their shareholders to protect their investments. They structured the deal so that Fisker would get its money and they would be protect should Fisker default. Many startups take these terms because they feel they can find alternative financing to get out of this situation at a later time. When they don't do it quick enough, the debt's burden sinks the company. Unfortunately, Fisker's miss management was so vast, that the debt issues didn't really come in to play. Fisker was not a business from the start... that business model had way too many holes. The first warning to investors should have been using the SPAC process.
Top marks. Thanks for the kind words.
There’s nothing left over for public traders. This note holder completely fleeced everyone.
Well said
That note holder drove an excellent bargain for themselves. Fisker didn’t have to sign the agreement.
@@gregoryalee2457and yet nothing @Derpy1969 said was incorrect.
I've never seen a ch11 or 7 have anything not wipe out common stock holders.
@@reahreic7698 - I guess you didn't see Delta Airlines do that in 2005? Or maybe you missed General Motors doing the same in 2009? Does Marvel Entertainment ring a bell? Lastly, maybe you have heard of a company called Hertz? It is possible but doesn't happen in the majority of the companies going BK.So now you have seen it and can't say "never".
You always do a great job.
Thanks for this!
Adam. Of everything associated with this Fisker fiasco, I have nothing but the highest respect for your objective reporting insights. When Henrik and his fanboys were in marketing euphoria mode, you were always objective. When the Fisker ship sank like the Titanic, you remained objective. Adam you are an exceptional journalist and human being. Thank you!
I appreciate this very much!
Thank you again for a very informative video!
Thank you for watching!
Great information. Thanks a ton. I wish we knew this before
It’s all Hindsight, unfortunately.
Thanks Adam. Great video. It all makes sense to me now.
I don’t like it, but I understand it
Excellent video Adam!
Thanks for this!
01:17, the reason why the earnings call didn't mention it nor did any analyst brought it up was the audited financials (10-Q) wasn't available during the earnings call. Everything on the the last two earnings call did not have the audited financials ready, everyone was at the mercy of Henrik and Geeta for info - which had an abundant of false/incorrect info.
Thanks for this!
Expertly made informational video. Thank you.
Thanks for watching
Great work, man. Regardless if 100% accurate, that is the best explanation I have seen!!!
Please feel free to correct any accuracy.
@@Aslash304 I think what you say is the best speculation I have seen. It makes total sense. Whether it becomes a reality, that only time can tell. I believe you are super accurate, though.
This would scare anyone from starting a startup.
Great video! A lot of financial moving parts. Hard to follow, but clear enough to scare the heck out of a person.
Very fair analysis
And I was planning to buy shares right now.After seeing this video I,m not going to touch this,the company is dead.Thanks!
Thanks for watching!
Well done, Adam. though it was labour day yesterday seems you've been working all day.
I’ll work any day for the Fisker community. As soon as the husband and dad stuff is done.
Great video again, Adam! Lesson: Don't put your Phd in economics wife who's never run a company or take out a loan as your CFO. These financials makes Fisker very unattractive to the four OEMs who are considering investing or buyout. Nissan saw this through their due diligence and didn't want to touch it with 10-foot pole. Have about sixty days left.
BTW, get your review mirror cooling fan this sorted out? Maybe I'm the lucky one, but I had mine since January and have had minimal issues. Just that 3D-printed vent piece and the key fob.
Working on the mirror. News to come
So those other Fisker channels who always constantly say "WE" and that attacked a RUclipsr because he said Fisker was horrible and still horrible the floor is yours.Adam you have been the bus driver for the Fisker truth.Also great appearance from Ms Adam EV for her great commentary.
Thank you for this!
Great analysis! Is this based on an article? I see you highlighting lots of text. Also, let’s not forget the massive short position that opened after the late filing, that may have been the moment CVI opened a huge short.
Well said
Spot on….💯💯💯
Thanks for this!
First of all... a great presentation again. Speaking of key fobs... ours has to have new batteries about every two to three weeks. Even having 2.0 it still will not always be recognized when we try to start the Ocean. And even though we ordered and paid for an extra key fob when we bought our Ocean One, Fisker removed it from our order without telling us, or reimbursing us the $250. So, we have just one, as everyone else. The problem is that should the key fob be lost or damaged, we'll never get the Ocean out of our garage or be able to charge it in our garage. Months ago I talked to a support technician about getting a replacement key fob, he said that Fisker would not do that due to the cost. He said that everyone had been asking for an extra key fob. He mentioned Fisker putting out an NFC card, but that has never happened. I asked him about using the My Fisker phone app to lock and unlock doors. He told me that the software was not ready for prime time and we should not rely on it.
I have only successfully unlocked the vehicle with my phone one time. I quit trying. The one key is absolutely ridiculous
@@guzelkadn3570we would need to report it.
DiDonato has already taken over he wrote that letter about layoffs in June to the employees
Thanks for the info
Bankruptcy in Austria incomming. Their business approach is genius as the price of Ocean in Europe is higher then in USA where you have to add import tax and cover transportation fee. Plus hegemony of tesla.
Thanks for your feedback
Great presentation! But this is all info from Chris Bryant’s Bloomberg article “Fisker’s Flub Puts Trading Firm in the Driver’s Seat” which appeared days ago. I’m not sure why you don’t cite it as you show tons of paragraphs from it.
It’s in the description.
Great summary Adam. So sad.
Thanks for watching!
Say what you will about lenders like this, but at the end of the day - you know what you are getting yourself into with them. They are going to get their money back, with interest, any way the company goes. If the company does good, great! Then they get their money back. If the company does bad, great! They still get their money, just through a tougher process.
Fisker either didn’t know what he was getting into, or I have underestimated his ability to scam others for his own personal gain. And you absolutely nailed it with “If the company does bad, great!” This is a near perfect description of private equity. I appreciate the feedback
I think it is kind of the same mentality that brings a mostly reasonable person to take out a payday loan, what makes them think they will be in a position to pay for what they can’t afford this week next week. Optimism based on fantasy.
I wonder if some car owners decided to short the stock as a hedge, retribution, or revenge.
Would have been a smart move by someone with the foresight.
People is watching too many Wall Street movies. Shorting is a very sophisticate and high-risk strategy.
@@vladimirgarcia9486yes it is.
I wonder if selling access to the US market (to China) was what they were aiming for all along, because it's impossible Susquehanna Growth Equity didn't know about the unprepared "family management" from the beginning.
Tier 1 Chinese automakers already have their plans to enter the US market. They have the money, the technology and the scale. A niche automaker like Fisker doesn't add any value to them.
Different story for tier 2 automakers. A reorganized and well capitalized Fisker could be a great opportunity if it comes at a reasonable price.
The investment was super high risk for them. That’s why the terms were like they were. Fisker took them because nobody else would loan them the money. I address this in my most recent video.
And where is Henrik hiding, probably one of his mansions.
Very well could be.
Sounds like Tony Soprano and the bust out of the sports store.
It’s actually a similar model. I used to work for a firm that made these types of investments. The target would be distressed companies that should already restructure, but with management teams that are able to get away with betting what’s left of the company on a long shot to keep their positions. For the note holders, they just made an investment where the base case is company bankruptcy, and they get a healthy return, but if it all works out they make a VC-type return. It’s win-win for them. It shouldn’t have been allowed, but is the result of bad governance.
Absolutely wonderfully put.
There is something I don't understand. Adam said that they are still short on getting their money back so it seems like all they're doing is trying to recover their losses as a worst case scenario. But as an investment it would still be terrible for them to break even ( they would have lost money because of inflation) so why actually take actions that would driver the company into the ground? Will this actually generate a profit for them as opposed to trying to make money from all the shares they now own?
@@Downtowncondos if they did it right, they’re “short” on what is owed to them….but that’s after the fees on fees on fees on interest. This way they still have a substantial claim in bankruptcy.
@@Downtowncondos Lets not forget how much they shorted the stock that they knew they were intentionally tanking. That is an unknown number, it was a sure thing bet so i would presume they made HUNDREDS of MILLIONS shorting FSR. Breaking even is just on what fisker has paid them back. they made PLENTY of cash.
What was the option for these companies you mentioned to finance operations?
Sounds like going to bed with a loan shark.
Well put
Nice work Adam! It amazed me that peeps kept buying OTC shares in hopes they would be worth something. Talk about compounding losses…..👎
I have definitely done what I can to reveal the risks
I’m “not so sure” that the only bad guy is the noteholder.
I want you to review the plot of Mel Brooks’ “The Producers.”
This is fair
@@Aslash304 do you have an email address?
Wow, great detective work. As on Ocean One owner at this point we’re between a rock and a hard place. I lean towards running the car into the ground as taking a $50k loss on the car after 5,000 miles seems like a terrible option.
What will happen post bankruptcy with the WiFi and basic car functionality….
I hope there will be an option for service
Do you think the noteholder gives a damn about service? Money may be accrued but you'll have to venture to court to get it. Even then, who will do the work? Wake up and smell the coffee.
@@melvinholland9656 obviously the note holder doesn’t care. But Fisker should and a bankruptcy court cares about consumer protection. Consumers have rightful claims too
Service will be hard. With long waits, and massive bills.
Got a lotus eletre ad at the end of the video. a company that has been in business for decades. Cant believe i didnt give more credence to those who stated how questionable the Fiskers are. Crazy for a legendary designer to behave this way. Alas, capitalism...
Bad loans lead to bad behavior. Well said
Startups with no product yet to sell going public through a SPAC either make it big or go to zero. Shareholders know or should have known. No surprices here.
Some are still adamant they will make a comeback
We should invest in Susquehanna equity as they know how to completely disassemble a company and fully absorb the entire contents. Probably a good investment opportunity.
If you support this kind of behavior, sure. If you have a 401k, you’re probably already invested in it.
@@Aslash304 actually I will not. I do like to sleep at night knowing I’m not that bad of a human. My dog would be pissed off. But, unfortunately many MANY people are of this nature and 2024 sure does display some of the worst parts of humanity.
Good video. Yeah, these loan providers are not idiots, they were for sure going to make it so they were not going to lose much money if any.
100% agree. Fisker is a risky guy.
I think based on what has come out it is reasonable to assume Fisker has been insolvent since before the presentation last summer when they unveiled their pie in the sky plans for new models that they had no intention of actually building. The rest of this has all been moves to hold up the facade a little longer. The question people should be asking is how did Henrick and his wife profit from this? What has been their payoff from the company or did they get some kind of kickback from one of these note holders? Did they mislead buyers and investors about the status of the company? That is the part that smells fishy here. They had to be profiting in some way from keeping this sham going so long.
I’m also curious as to how they profited. Great question.
A Rideshare company can buy some of those Fisker Oceans, they still work and has a decent range.
They definitely are not reliable enough to be driven daily in that scenario. There’s no parts.
I was thinking about doing that on a small scale. But it wont be long before maintenance comes due. Then what? The vehicles havent been tried and tested for longevity yet. Just about every model on rbe resale market is under 6K miles.
Adam, former FSR employee here. Can you post a method to contact you?
adamsevreviews@yahoo.com
good video
Thanks for watching!
the situation is unbelievable...ranging from incompetence to intentional?! it's hard to see something similar. has fisker lied to the note holder (as to everyone else..) and the note holder decided to screw them like this out of revenge?
The terms are pretty straightforward. Someone didn’t read them.
@@Aslash304or too incompetent to understand them. Fisker did state they lacked sufficient skill sets (or expertise). Grrr Geeta!
@Aslash304 sure, but this is simply not positive towards the business. Business partners aren't supposed to rip each other off
@@madalincosma2531I’m pretty sure that the deal was standard for what comes with a private equity investment
@@Aslash304 no doubt
Noteholder has nicely protected himself. Pure speculation on my side, but kind of make sense for minor shareholders to organize and force Fisker into Chapter 11.
That’s where the Two tier stock comes into play. Noteholder has the most voting shares, second most is the Fiskers themselves because only Henrik and Geeta have Class B stock, meaning 10 votes per share. Minor shareholders are an extremely small minority. Noteholder did the homework.
@@Aslash304 Doesn´t matter how many shares do you have. Any creditor (shareholder, vendors, suppliers, etc.) can ask for it. I will depend on the court to decide if the request have merits. It´s call and involuntary filing.
@@vladimirgarcia9486thanks for this
A lot of info. Sounds like the gambler addict and the loan shark. Gambler needed the cash because he "knows" he's going to win big this time, and the loan shark will lend at illegal rates and will break your legs if you don't pay up. Gambler accepts any terms for the cash because addiction is a terrible beast.
Extremely solid analysis.
How do I get my $250 refundable deposit back?
Request it. If they didn’t give it back, message the Facebook with your reservation number
BizJournals reports Fisker shifts from online model to dealerships to sell more cars….I think we have a Carvana 2 in the works 😅. Restructure the debt, tweak the business model and take flight
Time will certainly tell
This hurts my head. 🫨 Great video. A lot to digest. So much in believing in people. 😢 Yes, stages of dying. I’m in the anger stage. Moved on from denial and bargaining. 🤬
I appreciate the feedback. We are all in a tough spot
👍for your analyses. 😫for those who still holding their breaths and pray for miracle.
Prayers are great when it’s all you’ve got. So, prayers it is?
Prayer is a strong weapon.... I'm bullish.. it's gana come back..
Any idea what happens to the $1K people still have out there for a down payment on a car that won't be delivered? (Obviously, I have a strong guess!)
Disregard, I already asked you
We should all get free some kind of food item for life. I’d like mine to be peanut butter sandwiches.
Wow, what a crazy mess. Thanks for the explanation. Did Fisker bother reading the fine print or just blindly sign a stack of papers as soon as they mentioned the amount they would be getting loaned? Fisker can make a pretty car, but he sure sucks as a businessman. I'm still amazed at the amount of people still defending this guy, just because they like the looks of the car.
An old adage in sales..."if you don't have the substance, sell the sizzle". The design sizzle suckered many.
@@melvinholland9656 I personally think it looks like a Honda CRV. Some of the paint colors are cool, but that's about all the sizzle I see. But taste is subjective I guess.
The sizzle…
One thing for sure you will never see Henrik and his wife or daughter ever again in public. Those three individuals are in hiding. I would say the last final time you might see him or actually be in bankruptcy court when you have no choice, but the face the bankruptcy trustee other than that, I can assure you that man will never show his face again to the general public. Most likely he’ll go back to Denmark, where he lives overseas, and that will be the end of the story of the Fiskers
Agree
Yes, I was thinking that Fisker is probably selling his house to try and support a last ditch rescue of the company but having watched this video, I think he might have other plans! Certainly he must know that if Fisker goes bankrupt for a 2nd time, noone will ever lend him money again.
The circumstances are not ideal.
Holy crud ….. predatory lending. Dumb dumb dumb dumb. Good gravy. Well done Adam!
Thanks so much for watching!!
Yep. I WAS considering investing in Fisker stocks, purely in speculation, but having followed it I very much felt that a predator lender was driving devaluation. It was pretty obvious. Fortunately I studied that end of it and steered clear. Unfortunately not to many investors analyze before jumping in. I was still, and am still, considering an Ocean purchase but like with having not purchased the stock I am sill doing my 101 analytics of what the future holds for the vehicle. I don’t have much confidence in the Ocean going further with part availability. I believe the mechanical and electrical parts are sources from available vendors and were not engineered specifically for the Ocean but body panels will be tough to source. The operating system, I think, can be hacked. There are brilliant software guys that, instead of creating malicious viruses can hack the OS and maintain it and enhance it. Sad to see, but expected, pure American greed.
Thanks for the feedback!
Something to consider and Adam can obviously speak to this but jailbroken car operating systems likely become uninsurable. Meaning your own your own if you get in a wreck or whatever.
@@ulizes80 Absolutely. I am not suggesting to sit on your computer, if you are a hacker and figure out how to jail break the Oceans OS. I think a better idea is to not be an early adopter, tested of new OSs, and delay the install. Now I have no idea how to disable any OTA pushes. But my point. Fisker was sloppy in testing OS 1.11 or the testing team reported issues and management ignored the issues and delivered the product. If new OS's are rushed and not adequately tested maybe we should be temporarily satisfied with OS 2.0 and not rush into 3.0 until others, who decide to take that risk give others the confidence to then grab it. Software has no wear and tear or mechanical moving parts to fail. Most bricking issues I have read about were 12v battery fails during OS installs. Even when you install new updates of Windows on your computer you are warned to not unplug your computer and to not shut down. So, minus install failures the most that could/should happen is for a user to stumble upon some function in the OS that causes an issue, something not tested or incompletely tested. BUT, that can be resolved by a hard or soft reset, restarting the OS. So, I think the main concerns here would be more in line with Body panels, things like side mirrors, damaged in an accident part vs. the OS or even mechanical and electrical components which can probably be tracked down and found where they were sourced from as Fisker did not engineer and design components that could be more easily sourced. Hope that clarifies as I was joking about a hacker jailbreaking the OS.
lol and youre still considering buying an ocean. this hopium is out of control. you own shares huh?
@@ugaladigala evidently you don’t read well. I said I don’t own shares.
Given that this is correct ( - and I have no reason to doubt that it is not), then Fisker looks like it is headed for bankruptcy - in fact your video seems to imply that it is all but inevitable. So those owners who have serious problems with their vehicles need to file cases with the arbitrators asap, but what about the rest of us who bought the car, actually don't have major problems and enjoy driving it? Do you think that the courts would insist that the bankrupt company put resources aside (rather than giving those resources to creditors) for warranty and parts supplies? Or do you think that for most owners the best option would be to sell asap, even at a heavily discounted price?
I’ll answer this in detail in an upcoming video
SMH Legally Screwed and it's crazy because Fisker Wife comes from the Fiance World
She should have taken more notes…
@@Aslash304 🤣
Horrible. Whats the point of SEC when noteholder can screw common share holders and use us as scapegoats to dump all the losses on our head. They shouldn't allow conversation of noteholders loan to common shares.Second question is????? when such a sword is hanging above your head, how did Geeta and fisker failed to produce filings on time. How they were able to even sleep at night. That means fisker is a Conman. Who never shouldered any responsibility.
yes, SEC is not worth to be called an agency - looks like a money laundering machine cause those behave the same way and look away if things are not looking good.
I’m not happy about it. Private equity owns a lot of stuff.
He got extremely rich by selling a rebranded Chinese car.
We can all learn something. He is very good at marketing
@@dantebg100Could you elaborate on that point? I have heard it before that there is a Chinese version but haven't been able to find any information. Any reference would be greatly appreciated.
Convertible notes are vital for Startups on early stages of development. They allow them to get money to finance operations and growth they couldn't get access other way. It's a high-risk investment so I understand note holders try to cover themselves as much as possible. But, I do also agree noteholders are abusive.
Real problem was two fold. Fiskers incompetence and financial markets turning away from EV Startups. Two years earlier it would have been easy to refinance the company.
Red flags were there from the beginning. Married couple with not proven track holding CEO, CFO & COO position should have been a no-go from the beginning.
Did anyone check up on Fisker before investing? This happened all before. My investment manager informed me of the stretchy behaviour of this person.
We were taken for a ride. More diligence should have been done by all, including Fisker
@@Aslash304 left with the horse and buggy with no food or water.
Now we know why the Nissan figure was $400mil. They were looking for a partner to cover that debt?
A sad story indeed
It certainly was a scorched-earth squeeze-out. Those note-holder agreements look like a moot point if the company has no value.. They(which I think is Tata) will keep Fisker a U.S. domiciled shell corporation(for lack of a better term). The shorting operation now complete, what happens?
I was thinking that Fisker(or whomever Magna uses) is going to dump its software-related operations for a more proven platform like Android Automotive. The software associated with this company has had two colossal failures, and destroys the company.
Thanks for your comment
Android Automotive only controls infotainment and some convenience features. Vehicle software Is much more complex than that.
@@vladimirgarcia9486 I used this as an example, so if you could furnish a good example of an auto industry software in use that is clearly superior, I would welcome that. Fisker can’t afford these hodge-podge beta user type substandard tech solutions. Ppl buy EVs because of the tech that goes into it.
@@vladimirgarcia9486 When I googled an automotive OS, Android Automotive came up, I guess I mixed up the infotainment with the auto OS.
@@effingsix3825 See your point. At this moment any other OEMs software is superior. I don´t see anything inherently wrong with Fisker's software, problem is it was released not being ready for a production vehicle. A lot of the vehicle features are not been supported, set aside optimized.
My point is Fisker should strengthen their software-related operations. It is a core capability they must master and should be a competitive advantage for Fisket to thrive. As you correctly said EVs are tech products, hardware/software integration should be spotless.
Fiskers have mismanaged, been incompetent and even negligent on the company operation. But I still haven´t seen evidence of them been maleficent or acting in bad faith. Just my opinion.
On the other hand. I must recognize Henrik doing a terrific job on the Ocean development. Granted, software was not ready and they should have waited 6 months before selling it. Building cars is extremely difficult and he has went a long way with very little money and in a very short time. There are merits on the business model he was proposing.
There is still value in the company. Hope they can reorganize and finish the vehicle development. It is indeed an very nice car.
A nice car soon to have no service, roadside assistance, parts, manufacturing or support.
The price for doing business with a loan shop that's hoping you'll fail
100% agree
Noteholders are not hoping Startups to fail. They invest because they think the company will be successful. But, certainly they are not going down with you. They minimize the risk in case the company fails.
You obviously jumped in on the finance portion of what's going on which was great but what some people might want to know is if you have an opinion on whether that will affect pricing of the existing oceans. Still 100% want one of these bad boys in my driveway 👍💯😜
I’ll be happy to cover that in detail in an upcoming video
Their Business model seems has been tweaked a bit. Some manufacturing news is next imo
The manufacturing news was last week. Entire staff laid off.
Still... somehow there are still people believing Fisker is "going to make it" At what point does this community really start pushing those people into "get help" programs. Fisker being garbage has been evident for a very long time now. Even after all the evidence is clear, and the company is dead, you still have those who refuse to see whats right in front of them. This is ruining them, their families, and those around them. All for the snake that is, and always has been Henrik and his family.
Extremely well said.
And you know what’s crazy? There are people that still want to blame others outside the company for Fisker’s predicament.
Agree. They are right here in this comments section.
Mkdhd
Is it predatory if you jump in the mouth of the predator voluntarily?
Yes, Those are called sirenes.
@@wolfgangpreier9160so no self responsibility is required then. Okay.
@@wizzyno1566 Not for me, i'm no masochist.
This is a question
@@wolfgangpreier9160that doesn't make any sense.
Bummer
Well put!
The next hope is PJT Partners gets the debt restructured and Fiskers continues like Carvana….
One can hope
There's no chance of that. These Carvana comparisons are silly. Carvana had a business, with new assets always coming in. Raise cash by selling more cars than you buy for a period of time. Fisker has halted production permanently because there's no money to keep purchasing parts and paying Magna.
@@carlivar manufacturer>dealer partners>consumer pick up at dealer. I guess these Oceans as figments of imagination…
@@GammaBlack manufacturing is done. Yes, Oceans exist for sale, because they are unsold from months ago. The video here is correct that it is more valuable to the debt holder to sell those prior to bankruptcy process.
Have you looked at the addresses for the new dealers? They are used car lots.
@@carlivar Susquehanna and PJT both have business dealings with both Carvana and Fisker Inc….Weird
People considering buying an Ocean an this time are complete idiots. They think they are too smart to properly read the market and that they are going to make good money. I know because I, myself, have been an idiot before in other concerns.
Please calm down and don't let emotions and feelings overcome reason and analysis. Good investment requires to be rational and cool headed.
If Fisker is do able to turn thinkgs around (me personally think chapter 11 to be the only option), you will still have chance to get an Ocean at a great price.
Well said.
This company is done. Sad.
Sad indeed
@@Aslash304 Yes it is.
Well, it appears that Fisker goddess on Stocktwits was right the entire time imagine that
Indeed
Awesome - Dead car company rolling
Indeed
@Aslash304 my sympathies for the buyers. Have suffered similar with Jaguar with no support for repairs, and it is painful, very painful
so, Republican gangsters got shares for pennies on the dollar?
at least one gangster cause no one else had been mentioned and the fund is not owned by the party.
Looks like the downside of the shiny USA. Can not happen here except the owner wants to spend time in prison.
I’m not going to argue with that.
Are you working for a hedge fund ? Impossible for a car owner to do such video. You continue to spread noise. Fisker has to pay notes holder and it s some money and than ? What do you want to demonstrate ?
Reading from the 10K is spreading noise?? Someone needs some sleep.
@@melvinholland9656 your video format is very professional you play the American victim who testifies that fisker is staging your lumberjack chimneys.. but basically we see that you have a technical team of people who are financial professionals.. you are there to maintain negative things casting suspicions making allusions private equity tik tok investor.. you are here to discredit fisker.. I pity you! your job is a shitty job. I make me sleep well..
This is my favorite comment thread on any video I have ever made. I will thoroughly enjoy addressing this in an upcoming video.
@@Pinkfloyd86i smell a butt hurt Fisker owner...
For a guy that owns a Fisker, you do a lot of whining and hating. Jesus
If presenting information and facts is whining, then how would actual whining be described? Feel free to express all of your frustration in a reply.
That fact that he actually owns a Fisker and is letting the truth be known is actually really commendable. There are many other RUclipsrs who will blow smoke up your ass and tell you everything is going to be fine. Just type Fisker in the Search bar and hit enter.
Thanks a ton for keeping us informed. Is there a way to DM or email you. Have some questions regarding my fisker ocean one experience I feel like you might be able to help with. Happy to join your Patreon for access if need be. Thanks
You can join Patreon, or send me an email. adamsevreviews@yahoo.com I try to help everyone.
Sort of a very one sided perspective. Fisker got 450 million to design and build an environmentally friendly and fuel efficient vehicle that they could sell for money. They managed to design and build over 10,000 of them. The first 5,000 were launch edition vehicles and were probably moved out the door under the economic pressures we are all aware of. The later builds, after the first 5,000 have improved quality and software as attested to by a number of satisfied owners. The design and build quality of the latter builds is noteworthy, so there is proof of concept. I think it was Peter Lynch's philosophy to buy the product. If there is a good product, the company has a chance. The Vlogger makes many good points as to the premium on the money, however, that probably is not unusual for a risky venture. None of this seems particularly surprising. The Vlogger also indicates that the Notes were due May 1. It is now May 2 and there is no word. I guess time will tell.
Get help
One sided?? He's reading from the 10K. Denial is a strong emotion.
if the product was good, then why dont you have one yourself?
Nothing sustainable about a 6,000 pound brick. Even if some of the materials are 2nd Generation.
The early adapter One owners paid the most and got the shortest end of the stick, since we bought into a costly benefits package Fisker likely wont ve able to honor.
What failure? Are you talking about your own life? 😂
He got extremely rich by selling a rebranded Chinese car.
We can all learn something.
Perfectly placed emoji. 11/10.