Fisker: 18 Years of Cash Burn and Failure

Рет қаралды 212,671

Күн бұрын

Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: / @brokenbusinessmodels
Our previous video on Fisker: • Fisker: Tesla Killer o...
Dive deep with us into the riveting story of Henrik Fisker, a name synonymous with ambition, innovation, and resilience in the automotive industry. From his iconic designs for BMW and Aston Martin to the highs and lows of his ventures like Fisker Coachbuild and Fisker Automotive, we trace his journey. With Fisker Inc's recent challenges, including missing production targets and facing significant scrutiny from investors, the big question is: Will Fisker finally strike gold or face the fate of his earlier endeavors?
Email us: Wallstreetmillennial@gmail.com
Check out our new podcast on Spotify: open.spotify.com/show/4UZL13d...
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #fisker #electricvehicle
------------------------------
Buddha by Kontekst / kontekstmusic
Creative Commons - Attribution-ShareAlike 3.0 Unported - CC BY-SA 3.0
Free Download / Stream: bit.ly/2Pe7mBN
Music promoted by Audio Library • Buddha - Kontekst (No ...
------------------------------

Пікірлер: 581

@wallstreetmillennial 10 ай бұрын

Check out our second channel Broken Business Models where we discuss unusual or otherwise suspect businesses that may be unviable: www.youtube.com/@BrokenBusinessModels

@StephenGillie 9 ай бұрын

He should have stuck with scissors 😁

@Jsmith1611 9 ай бұрын

This is a massive success, but for Henrik. He managed to remain CEO after a decade of delivering zilch and has a 2 bil valuation. A silver tongue > hard work

@Autovetus 9 ай бұрын

Hah.. so true..

@herogebrial 9 ай бұрын

Exactly

@Turbomgzt 5 ай бұрын

Sadly Ocean owners and stock owners still think Risker Inc is a safe and solid company. It's toast. But say anything negative in forums and they accuse you of being a short seller or a Tesla owner/employee. I am neither and simply read and post reports from new owners and the problems they have. With the car and customer care.

@AndreKosinski-yx7rg 2 ай бұрын

Typical dirty craut

@brick578 9 ай бұрын

Famous last words “it merged with a SPAC”

@taWay21 9 ай бұрын

If you shorted SPACs across the board since 2021, you wouldve made a killing.

@Jordan-Ramses 9 ай бұрын

Spac sounds like a racial slur from the 50s.

@theodoreolson8529 9 ай бұрын

@@Jordan-Ramses Who you callin spac peckerwood? 🙂

@Jordan-Ramses 9 ай бұрын

@theodoreolson8529 hey now, we don't want no trouble with no reefer addicts

@Jeez001 9 ай бұрын

Wallstreet lobbied heavily to prevent SEC from placing more restrictions on SPAC deals..

@ccash3290 9 ай бұрын

He may be a bad car salesman but he is incredible at selling businesses to investors

@StephenGillie 9 ай бұрын

Good bad car company salesman.

@DavidJones-pv8zz 9 ай бұрын

he should be in jail for losing so much investors money

@alexng4 9 ай бұрын

He's a marketer and a designer.. So he's good at selling hte idea.

@Joker3333 3 ай бұрын

He's a very good liar, yes!

@azul93gt38 2 ай бұрын

The solid state battery claims seem like intentional deception, but investors should have known better.

@tayzonday 9 ай бұрын

Moral of the story: find yourself investors who love you like venture capitalists love Fisker ✊

@therealmalik 9 ай бұрын

I love you tay zonday never thought id find you on a WSM video!

@jahjoeka 9 ай бұрын

I found the GOAT y'all! Chocolate rain still hits today, shit don't change.

@tocsa120ls 9 ай бұрын

You'll find this in every industry. There was that slick handgun in Beverly Hills Cop II that was made out of stainless. It's called the AMT Automag and currently it's the 4th company that relaunches it because every single one that did before, went bankrupt.

@trungson6604 9 ай бұрын

Another moral in the story: "If at first you don't succeed, try and try again..."

@CheerupA1 9 ай бұрын

Chocolate rain > Fisker

@serioserkanalname499 9 ай бұрын

Gotta admire the determination, this guy must be getting sued 24/7 yet he keeps trying and refusing to learn anything from each failure.

@TrueGrantsta 9 ай бұрын

He's clearly learning something since he's doing something different, and getting better results, with each subsequent venture.

@vincentorlando6767 9 ай бұрын

He's a fraud......becoming a billionaire

@trungson6604 9 ай бұрын

The moral in the story: "If at first you don't succeed, try and try again...no use being a damn fool about it"

@MossMini 9 ай бұрын

Admire his determination to keep conning people's livelihood yet, have no issues.

@josephjohnson2387 9 ай бұрын

😂😅 WILD BOY. HE GIVES NO FUCKS. GIMME YOUR MONEY AND LET ME ROCK 😂😂😂😂

@donvin999 9 ай бұрын

How on earth did he lie about having the battery tech and not get prosecuted by the SEC???

@samsonsoturian6013 9 ай бұрын

Prove it. The batteries hadn't been invented yet

@shadowninja6689 9 ай бұрын

Agreed, Fisker is hardly the only one who has blatantly lied about solid state battery tech either. Toyota has also been blatantly lying their asses off for over 7 years now about how they totally have a solid state battery that let you travel well over 1000+ miles on a single charge. And yet the only EV they've brought to market doesn't have it, and has very underwhelming battery specs for the price of the vehicle. And the worse part is the mainstream media constantly eats up their lies each time they make a public statement about it, and none of them call Toyota out on just repeating the same lies every year and never showing anyone proof they have anything.

@carlanderson5068 9 ай бұрын

@@samsonsoturian6013 That's the proof. He said it was done (not theoretically possible, but ready now), and here we are, years later, and it doesn't exist, with what, even now, would be one of the more physically impactful technological advancements of my lifetime, and it still doesn't exist.

@samsonsoturian6013 9 ай бұрын

@carlanderson5068 fair enough, but the SEC is backlogged enough and the investigation complicated enough it's not going to happen in any sort of timely fashion.

@oldleatherhandsfriends4053 8 ай бұрын

They very well could have it, but that doesn't mean it's economical to produce or even can be produced at scale.@@shadowninja6689

@andrewmcalister3462 9 ай бұрын

700 miles in 1 minute. Even if the battery can accept power that fast, short of backing it up to your local nuclear power station, there is no way of delivering that much power to the charging point. Unless he is claiming it is powered by Mr Fusion???

@Jordan-Ramses 9 ай бұрын

1.21 Gigawatts

@chiquita683 9 ай бұрын

He should have been arrested on the spot

@useodyseeorbitchute9450 9 ай бұрын

Maybe it requires plugging a car directly to HVDC transmission lines? :D

@samsonsoturian6013 9 ай бұрын

@@chiquita683prove he was lying and not simply optimistic or incompetent

@jameskelly3502 9 ай бұрын

@samsonsoturian6013 Let me guess, You're an Elizabeth Holmes/ Elon Musk/Adam Neumann/ Billy McFarland fan.

@justindressler5992 9 ай бұрын

The battery tech straight up fraud day one. The only thing that would accept that much charge is a capacitor which has vary low energy storage.

@robbylebotha 9 ай бұрын

Putting that much energy into anything is called an explosion. You sir have built a bomb with a one minute time. Congrats

@punchtalestudio 9 ай бұрын

In Hollywood you are as good as your last hit. In raising capital you are as good as your last bankruptcy

@Miwna 9 ай бұрын

That's a bit peculiar. I saw an advertising board of Fisker in the center of Stockholm yesterday, and thought to myself "are they still going?!". I had to look it up to see if they hadn't been sold to some Chinese company or such. Nope, still the same guy. incredible.

@obsidianjane4413 9 ай бұрын

They would probably actually come to market if they were Chinese owned. lol.

@qwaszxerdfcvtyghvb 9 ай бұрын

this is stupid, not incredible... this is not business this is money burning scheme.

@martinmcnulty8155 9 ай бұрын

It's a different company. It's explained in the video.

@tomross4599 9 ай бұрын

@@obsidianjane4413Fisker are shipping about 1000 cars per month as of the last press release, so it’s not not in the market.

@MiddlePath007 3 ай бұрын

The guy is Chinese, he's just the face

@andyharman3022 5 ай бұрын

I love the bait and switch tactics: At the public introduction of the car, he announced a price of $37000. But when it actually goes on sale, you can't buy one at that price. You have the opportunity to buy the limited edition introductory model for $69000. But wait there's more! These extra mandatory options bring the price to $73000!

@velocirapture89 9 ай бұрын

If that battery technology were legitimate, it would be one of the most important technological advances in 100 years and worth much more than his silly cars.

@TyTyMcGinty 9 ай бұрын

It would have propelled us to the next level of civilization

@larryo6874 9 ай бұрын

As the Spartans said, “If”.

@LoneWolf-wp9dn 9 ай бұрын

you can make solid state batteries... theyre just not very useful or easy to produce... so anyone can claim they have it

@velocirapture89 9 ай бұрын

@@LoneWolf-wp9dn Sure, but this guy was claiming to have revolutionary technology. Very fishy...or should I say "Fiskar"!!

@endintiers 9 ай бұрын

It is real, but only to the scale of a watch battery.

@ricseeds4835 9 ай бұрын

2:40 "It'd be a big ask for any investor to fund his new venture after his previous venture failed so spectacularly." Actually, it'll be super easy, barely an inconvenience!

@rrnonya5472 9 ай бұрын

stop it. just stop. This isn't pitch meeting, or is it?

@weird_law 9 ай бұрын

Have to admit, his designs are really rad. Should have just stayed as a designer.

@TheEVGuy-rx9ju 9 ай бұрын

You have to drive a Tesla with a statement like that !!

@alexng4 9 ай бұрын

Actally, as a designer..he kinda a one trick pony. Because all of his designs look the same.

@TheEVGuy-rx9ju 9 ай бұрын

Could be worse you could want to buy the ugliest vehicle ever the 80s looking cybertruck yuk

@alatmancave7093 7 ай бұрын

@@alexng4 Fisker Ocean looks like Fisker Karma? no it doesnt ,, Tesla Model S looks like Fisker Karma because Henrick Designed it

@alexng4 7 ай бұрын

you are missing my point..All of his designs looks they same..@@alatmancave7093

@kaosaelee3922 9 ай бұрын

Man I invested in Fisker Stock and regretted it so bad.

@roveirdatu3851 9 ай бұрын

I saw one the other day. It looks really nice. Now after seeing this, it makes sense why I don’t see it as much.

@roveirdatu3851 9 ай бұрын

@@danwipper they’ve been around for a long time now. Seems like they make strong claims but cannot back it up.

@huddunlap3999 9 ай бұрын

He didn't fail. He got rich.

@herogebrial 9 ай бұрын

That's the name of the game

@issamelarmi 9 ай бұрын

So he fails multiple times before, and people still give him money. At this point they really deserve to lose

@archigoel 9 ай бұрын

Its basically super success of Tesla. That made investors mad for funding the alternatives.

@GradyBaby13 9 ай бұрын

Exactly.

@rohanpawar2166 9 ай бұрын

There are 100s like masayoshi son who think they will hit their jackpot one day

@mukamuka0 9 ай бұрын

99% of those are institutional investors which mean what they've lose is not their own money, it's customer money. So, they probably don't care much

@alatmancave7093 7 ай бұрын

how many time Elon failed you clown ?

@Nohandleentered 9 ай бұрын

Fool me, fool me, fool me three times, eh heh, you can’t get fooled again 😂

@vernefits1953 9 ай бұрын

4:03 interviewer sounds like infomercial guy

@Xerxes02 3 ай бұрын

lmao

@proterotype 9 ай бұрын

I love your guys stuff. It’s helped me understand where value comes from in a company. I wish I knew about your other channel earlier

@mammamiapizzeria4911 9 ай бұрын

Can you share your insights please? It would be very helpful to me.

@zachkeister-hf7ni 9 ай бұрын

If you’re dumping a lot of your money into a new automaker that’s working on technology we already know to require a significant amount of development before can be produced at scale, you’re at least 50% responsible for anything that happens with your money.

@balajinarasimhan5346 9 ай бұрын

the quality of the soldering at 3:15 is enough to tell me about the technical prowess of his engineers!!

@fredtucker4910 5 ай бұрын

😂 woow thanks for pointing that out.

@runeaanderaa6840 9 ай бұрын

I saw a Fisker car yesterday. It looked pretty good.

@LuciFeric137 9 ай бұрын

Uber should merge with them. FTX could bankroll it.

@someyoungguyjohnson7239 9 ай бұрын

And put BLM on the board.

@alatmancave7093 7 ай бұрын

Tesla already did unofficially ,,,every uber driver is now driving a Tesla 🤣🤣🤣

@JoshuaFinancialPL 3 ай бұрын

enron could do their energy

@I_Am_Your_Problem 2 ай бұрын

@@someyoungguyjohnson7239 Who?

@d15577 3 ай бұрын

Henrik Fisker did it again

@dulio12385 9 ай бұрын

He should just change the name to Fister, cause that's more or less what he's doing to his investors.

@NickanM 9 ай бұрын

Without any lube.

@fabiokaya202 8 ай бұрын

lol

@LoveClassicMusic0205 9 ай бұрын

Stuart Varney wasn't buying any of it. The speed of charging has nothing to do with the battery type, but the amount of power which can be delivered at any one moment. That's why there are different levels of chargers. A level 1 charger charges at a rate of 3 MPH because that's the most power which can be delivered by a 15A 120V outlet. It would be impossible to deliver enough power at the rate necessary to recharge the vehicle in one minute.

@jonathanj8303 9 ай бұрын

That's not entirely true, because battery type/tech/chemistry does put a hard upper limit on how fast you can recharge them without overheating or other problems. But Fisker's claim was obviously ridiculous, and no battery could accept energy that fast. Taking his 500mile/1minute claim, a reasonable rule of thumb is that an economically driven EV get about 5miles per kWh. So 500miles likely means roughly a 100kWh battery pack. If you want to charge that in 1 minute, simple maths says is 6000kW flowing in. 6MW = 8000hp, the power of a modern electric locomotive in the 80-90 tonne range. And 24 times the maximum permissible charging rate on a Tesla model 3. No battery is 100% efficient at accepting charge, the waste heat alone would cook it. Plus even if you has a 1000v charger, a 6000amp cable is quite the beast. It can't be true, and even the most basic due diligence should have caught it.

@useodyseeorbitchute9450 9 ай бұрын

@@jonathanj8303Just plug it directly to HVDC transmission lines. ;)

@Guishan_Lingyou 9 ай бұрын

@@jonathanj8303 Certainly Fisker was planning to use a 100,000v charger in order to keep the current and thus the wire gauges manageable.

@jonathanj8303 9 ай бұрын

@@Guishan_Lingyou pretty much. Though it might have been cheaper to just run catenary wires down every street.

@JamesBond-uz2dm 9 ай бұрын

He meant if the battery got hit by a lightening bolt.

@kyliefan7 3 ай бұрын

New subscriber! Love your format, style and voice and really interesting!!

@ray-mc-l 9 ай бұрын

Kind of want him to succeed eventually, I admire his grit.

@jacqdanieles 9 ай бұрын

More like "grift"😂

@mvansumeren4313 6 ай бұрын

@@jacqdanieles Exactly; holding money burning parties shouldn't be laudable.

@paulinejackson5861 9 ай бұрын

1 minute charge for 700 miles = surely the car will catch fire during the recharge? Imagine the heat

@skierpage 4 ай бұрын

500 miles. About 7.5 megawatts going into the battery!!!

@jordig3412 3 ай бұрын

he didn't say you could recharge it twice...if the car explodes, maybe you get 700 miles , or parts of your body ....

@taWay21 9 ай бұрын

Bro is a perfect example of why PE/VC funding is a broken, incestuous system. How does this scammer keep raising money when legit founders struggle every day to beg for money

@obsidianjane4413 9 ай бұрын

Because its all about who you know and how you can sell BS, not a product.

@michaels543210 9 ай бұрын

Yeah I was thinking that too! The man never made a profit in his life, but somehow our system still made him a billionaire.

@tomross4599 9 ай бұрын

@@michaels543210 Have you heard of Adam Neumann? Through WeWork, he became a billionaire by burning $13 billion of investor money. Now he’s got a new startup which already got $350 million in VC funding.

@skierpage 4 ай бұрын

He lied about the battery (maybe someone scammed the scammer?), but each of Henrik Fisker's companies has produced and sold cars. The cars just weren't desirable enough at the price charged for enough people to want one that the company could make and sell enough to make a profit.

@mramaretto114 2 ай бұрын

The wework guy got new funding also for a new company

@JustMe-xb4ey 9 ай бұрын

Easily the best business channel on youtube! Keep up the great work brother!

@vernefits1953 9 ай бұрын

fuzzy panda logo LoL

@Turbomgzt 5 ай бұрын

500 mile one min charge ffs 😅 the heat exchange would melt the car!

@001sander2 9 ай бұрын

My parents worked at Magna when I was a small kid 🥰

@Danfromthenorth 4 ай бұрын

It is a shame, that Fisker’s companies never succeeded. He might not be Elon Musk when it comes to manufacturing or doing business, but Fisker is a great designer. Would have loved to see him design a new Tesla (different form the current offerings, which very much look the same)

@surf2553 3 ай бұрын

Do an updated one, lots of things have happened in the past 6 months…

@robertkerans1454 9 ай бұрын

While watching this Fisker video, KZfaq gave me an advertisement for the Fisker ocean! Peculiar product placement

@thedeadbatterydepot 9 ай бұрын

Excellent!

@tipoomaster 7 ай бұрын

Is there a video of this Henrik hearing shown?

@jiffyfaces 9 ай бұрын

Wow youtubes ad for this video is for “fisker ocean” how fitting

@VVS1920 9 ай бұрын

Car manufacturers typically recoup a good chunk of profits from warranty, servicing and parts sales. Returns aren’t solely expected from unit sales

@skierpage 4 ай бұрын

New cars with all the software and driving glitches that Ocean drivers have reported _cost_ money in warranty claims.

@ajtam05 3 ай бұрын

Dude embodies the phrase, "Insanity is doing the same thing over and over again and expecting different results." 😂😅

@JohnGotts 9 ай бұрын

The thing about buying obscure car brands is that even if the car turns out to be great, who will service it 10 years down the road? I think leases only make economic sense for millionaires, and this one would be good for a three year lease to show off at the country club.

@henrylima6974 9 ай бұрын

Asuming Fisker wont be around in 10 years is a bit naive

@carlanderson5068 9 ай бұрын

@@henrylima6974 I'm curious why you think that, considering this wouldn't be the first failure, of a car company, for this one guy?

@22phan 9 ай бұрын

Telsa roadster was a Lotus chassis. Lotus gets their engines from Toyota. RIVAN gets their parts from Hyundai

@krmr 9 ай бұрын

You can still find parts for the Karma. Servicing cars of dead brands is doable. There are always enthusiasts in the car scene.

@henrylima6974 9 ай бұрын

@@carlanderson5068 just because one person fails once, dosent that they will always fail.

@Brayness 9 ай бұрын

"guarantee" is misspelled at 6:35

@lephtovermeet 7 ай бұрын

It's amazing how some people can just fall up.

@javaks 9 ай бұрын

Fisker, the Vector of the new millenium.

@lunam7249 9 ай бұрын

the what of a new who???😂😂😂😂

@Hammerhead547 2 ай бұрын

Fisker cars look beautiful but they were absolute nightmares too maintain even when they were brand new.

@FFL3001 9 ай бұрын

What interface would be used to transfer 90KWH in 1 min? What power grid would these fast chargers be hooked up to? Imagine a line of cars queuing up for that 1 min zap of 90KWH, where will that power come from? Does Henrik Fisker have some ultra high volt cables running directly from the sun?

@skierpage 4 ай бұрын

That's 5.4 Megawatts, 15 times the power of today's DC fast chargers. You'd need extremely high voltage, thick cooled charging cables, and the car running air conditioning hard to keep its power electronics and battery cool. In other words, fake fake fake fake.

@nsshing 9 ай бұрын

It takes a typical EV around 160 KWH needed to travel 800 Km. He claimed 1 min for 800Km. That means 9.6MW charging rate. WTF am I even calculating?

@ryanhalien8468 9 ай бұрын

Calling calling the bolt and the Kona SUVs is pretty generous lol

@ryancuda45 9 ай бұрын

the car is around, being built and bugs i heard were worked out. it could have been a great hybrid

@spankeyfish 9 ай бұрын

They missed the opportunity to price the Ocean One at $69,420, though that would be more of a Tesla gag.

@muhammedsuleiman8047 4 ай бұрын

Dude fisker going to the moon look at that stock performance since this video! You were dead wrong dude

@xiaoka 9 ай бұрын

it's a amazing that the newest car is anything more than vaporware, but there's no way in hell I'd pay money for that thing.

@martinmcnulty8155 9 ай бұрын

I definitely would. Fisker Oceans look beautiful. Better quality than Tesla too.

@warshortsfacts 6 ай бұрын

Fiskers new vehicles are pretty good at performance and looks. Priced very well too.

@xiaoka Ай бұрын

@@martinmcnulty8155this comment has not aged well. 😂

@jhayjuarez6794 5 ай бұрын

I saw 3 in Greenwich CT, everyone was looking that car that almost never happens in Greenwich. People drive cars 200k in over.

@lighthousesaunders7242 9 ай бұрын

Not sure why you excluded this significant chapter in Fisker's awful track record: Early in Tesla’s formative period in Elon Musk sued Henrik Fisker, unsuccessfully, for breach of contract. He accused the famed car designer he brought in to help style the Model S with doing reconnaissance in advance of launching a rival maker of rechargeable vehicles. Etc

@Danfromthenorth 9 ай бұрын

I like his designs, they are standing out from the crowd, the price point is very attractive as well. The reviews of the Ocean are above average. Not perfect but better than expected. He would not be the first guy to have failed multiple times before an actual success (if he does so). It’s rare to nail it the first time. 99.99 % of the population will never be successful at any business, so he is already ahead of them. I think he has a chance this time. Not a big one though. It’s a tough business. But if anyone thinks that Tesla was a safe bet with no actual risks at its IPO, they are delusional.

@skierpage 4 ай бұрын

Reviews of the Ocean point out many software and driving flaws that still haven't been addressed. That's not "above average."

@Danfromthenorth 4 ай бұрын

@@skierpage you are right about that. Since I wrote it, many bad reviews have come out. His chance of success is getting increasingly smaller. My point about his designs holds. You shouldn’t blame him for trying, and it was his best attempt at creating a car company. Of the 1,000s of auto companies throughout history only a few have truly succeeded. That’s just the name of the game.

@SnowmanTF2 6 ай бұрын

While hardly his first failure, the phrase 'merged with a SPAC' seems is getting to be a red flag for company between major problems ahead and outright fraud.

@johnnyonthespot4375 9 ай бұрын

I Don't get it ... If I was a chef and my kitchen was hit with food poisoning and I shut that down and started another kitchen and again - Food Poisoning - How or WHY would anyone give me a dime to start a 3rd one ?!!? I just Don't get it .....

@Derekzparty 9 ай бұрын

500 miles of range in 1 minute ... Let's assume a 90 kilowatt battery According to forbes a tesla level 3 charger is able to charge a 60kwh battery in 30-40 minutes at 250kw/480 volts Since our battery is assumed to be 50% larger we can increase those times to 45-60 minutes. To charge this hypothetical 90kwh in 1 minute we would need 45-60 times the wattage and therefore voltage. This brings us to 21600-28800 volts. The only other way to raise current would be to drastically chill the cable and lower its resistance to preferably 0 ... LK99 could have helped us here!

@irbose9895 9 ай бұрын

Moral of story: you can lie your way to wealth just like Milton

@bladerunner6282 7 ай бұрын

regarding recent firing of CFO's: i suspect powers that be within the company had a disagreement with the CFO as to the content of his filing information and rather than file it as it was written decided to delay the filing and fire the CFO. then hired another CFO that also wanted to file the previous financial report or refused to file one the "powers that be" had prepared for the new CFO. and eventually had to file that one too. i can't help but think if the above is true (and it may NOT be true) that the true financial report is or would be devastating to the company's stock price.

@jamesodell3064 9 ай бұрын

His companies may end up in bankruptcy, but I would guess that he landed on his feet financially. Has he sold any stock in his new company? Also I am sure he has received high salaries at his companies.

@samsonsoturian6013 9 ай бұрын

That's how these legal cons work. Management knows they will fail but go through the motions of trying anyway to collect sallaries and sell stock for themselves and their friends

@briankearn6991 9 ай бұрын

His compensation would be based on how much capital he raised. He gets paid first.

@VintageTeak 8 ай бұрын

Yeah, it was fairly well publicized that he sold stock to buy a mansion in Hollywood.

@goatrectum Ай бұрын

3:11 "allows you to charge in one minute, and get more than 700 miles"

@louishall3700 9 ай бұрын

Buy used and hope you can find services or don't. Sincerely from a car enthusiast

@tylerbarbaree7007 4 ай бұрын

Having started up complex operations... I would say they were only off by 50% in year two... not Too bad

@alejandrogiha7583 4 ай бұрын

Correction for the video: he didnt design THAT generation vantage but the previous one. The vantage you showed was designed after he already left.

@DanFrederiksen 2 ай бұрын

It'll be fiiiiine

@effingsix3825 9 ай бұрын

This is obvious, where the parts maker that manufactures cars for Fisker will buy them out, but the pricing scam gets thrown out.

@JohnChuprun 2 ай бұрын

I spit my water when I heard 500 miles range in 1 minute. I believe that would require about 7 MW of power... basically a powerplant big enough to power 7000 homes.

@stephenboyington630 9 ай бұрын

Fort Shisker!

@tiemenstaal Ай бұрын

Not sure if his investors just have that much cash to burn or if their blind greed just gets the better of them.

@abhishek090887 9 ай бұрын

1 min charge for more than 500 mile. Man this guy had some balls of titanium

@JoelReid 9 ай бұрын

Why do people seem to believe that businesses have things that scientists and engineers struggle to achieve. Investors are just lucky fools.

@Mojavekight17 9 ай бұрын

1 minute in the video and the fisker name is cursed

@zzhughesd 9 ай бұрын

Obsessive. In automotive. Such a hard ask.

@michaelwagnest2425 9 ай бұрын

What is not said here: Magna has a stake in Fisker - and Magna is big and great.

@cfzcfz 9 ай бұрын

Yeah strange this was left out when it changes the outlook on things dramatically lol

@youtubemaster3449 9 ай бұрын

also the ocean sport is cheaper because it has a lfp battery and probably still has nice margins on it

@hwhack 6 ай бұрын

As a EE, I love it every time I hear a BS artist talk about batteries. They have no understanding what-so-ever about battery chemistry. BS artists can't tell the difference between words and reality.

@jessesambro9535 3 ай бұрын

UPDATE: The stock Is down 99.9% since this video, 50m market cap

@gregkelly2145 9 ай бұрын

All I can think of is when Jeremy Clarkson 'mitakenly' referred to them as "Fister"....

@prav077 9 ай бұрын

9:33 68,000 cars yearly to breakeven? Breakeven from what they are alredy making 10% GP on their cars. They don’t own any fixed assets so their net profit margin would be atleast 3-4%. I’m not very your “breakeven” thing, please anyone explain.

@aydenking4486 5 ай бұрын

The man's kind of full of shit about the battery,he knew he was lying his ass off in the video but has a lot of heart never gives up. I think the New fisker it's gonna be a hit.

@brunoheggli2888 9 ай бұрын

Fisker is the best!

@MikeSmith-ph9hb 2 ай бұрын

Their inventory increased by 170 million so maybe that is why cash went down. They were spending money manufacturing.

@nobodynever7884 9 ай бұрын

One thing is to pull a Nikoli, but to do 3 times. Thats just ridiculous.

@mackisbrocklesnar 6 ай бұрын

i remember watching few celebs flaunting Fisker Karma. it started and ended there

@skierpage 4 ай бұрын

No, Fisker #2 did sell a few thousand, I saw one. The Karma is an amazing looking car, though badly packaged. He had bad luck with battery trouble and then cars getting flooded in super storm Sandy, but the company probably would have failed.

@Prosperousprotocols 9 ай бұрын

What a determined man

@lawrencelopez9839 2 ай бұрын

one minute charge. There's a reason why batteries are gradually charged even with fast charging.

@WillieFungo 9 ай бұрын

One must wonder how some people manage to constantly get extreme opportunities like this. It's clearly not his skill or track record.

@GradyBaby13 9 ай бұрын

Agreed!!!!

@thomasmabika7291 9 ай бұрын

Had my boy Delorean got half the chances this guy got, DMC would be the most valuable car company in the world.

@kcgunesq 8 ай бұрын

At 4:19, notice how when he's asked "this is what you are telling me, he shakes his head as he says 'yes'. Got to give it to him though, not even Elon has ever been bold enough to claim 500 miles in 1 minute, or put another way, about 5x the speed of fueling with petrol.

@dasgibmekker768 5 ай бұрын

Elon usually uses "orders of magnitude" during announcements, then delivers nothing. Same scam artist's behaviour... 🤷

@stefanschneider3681 4 ай бұрын

1:12 I guess bottom right should be 23‘000, right?

@superchargerone 9 ай бұрын

OMG hahaha battery that can be charged up in 1 minute? I would like to see the size of the charger, the power station next to it and the 1ft diameter cable capable of passing that much power into the car battery in 1 minute lol. Even if there were such a battery that could take up all that power within 1 minute (super capacitors can take it all up in miliseconds), the associated power supply needed to push all that juice will be massive! So economics and logistics and power storage at the electric charge station would require the charging process to be deliberately slowed down just so that the chargers can keep up. Even if super capacitors are made available today, the chargers and charging stations and cables are not up to scratch. So for fisker to sell the story that he sold ... smells a little off.