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EV startup Fisker files for bankruptcy

22 points| watson | 1 year ago |reuters.com

14 comments

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constantcrying|1 year ago

Unsurprising. They were late to the game and had a product which had very few points of differentiation.

I also think it is important to point out that they were not making cars, they designed cars and outsourced production.

Rinzler89|1 year ago

So what if they outsourced production? It's not like the company in charge of the production was some no name Chinesium vaporware company, but a highly experienced manufacturer who also builds cars for Mercedes and Jaguar at the same factory and is been in business for like ~80 years.

You don't need to own your factory to make good solid cars. Sometimes it's best to hand it over to more experienced partners who know what they're doing, while you focus on the consumer facing side.

After all, none of Fisker's major issues were manufacturing related, but software/UX.

quantified|1 year ago

> they were not making cars, they designed cars and outsourced production.

That is interesting. So they were more of an IP shop, and didn't get into the capital and labor side of auto manufacture. That may not have been material to the business arc that led to bankruptcy, but it reflects a different way of operating.

How much did they outsource software design and construction? Software flaws were part of the MKBHD review referenced in a different comment.

danielfoster|1 year ago

I always thought Fisker was a scissor company that decided to make a car. Not a good image.

denysvitali|1 year ago

killedbymkbhd.com

Jokes aside, they sort of "deserve" it - given their product

panick21_|1 year ago

They were on a death march for a while.