Fisker’s troubled history isn’t stopping 56,000 people from pre-ordering its luxury electric SUV. (Photo: Fisker) One of the biggest questions in the auto industry right now has to do with the fate of Fisker Automotive, the maker of cutting-edge hybrids and electric cars that were aimed at the upper end of the market. After shuttering its U.S.
Fisker Reports that it Has Now Received Over 56,000 Reservations
Fisker reports that it has now received over 56,000 reservations for its new Ocean electric SUV. Production will commence in mid-November. Presented in this excerpt is a piece of Fisker’s earnings report. Here are the key numbers.
Loss per share: 36 cents vs. 41 per share anticipated by the Refinitiv consensus forecast.Net loss: 106 million versus 122.1 million reported in the first quarter of 2022.
The number of reservations was over 56,000 at the end of the second quarter, up from 45,000 at the end of the first quarter. The founder of Fisker, Henrik Fisker, confirmed to reporters this morning that Fisker and its manufacturing partner, Magna International, are on track to begin production of the Ocean by the end of the year.
Fisker and Magna Have Completed 55 Ocean Prototypes on Plan
Fisker and Magna have completed 55 Ocean prototypes according to plan. Fisker said all of the cars are going through final quality testing in preparation for their November launch.
In case, the company had $851.9 million left at the end of the second quarter, down from about $1 billion at the end of March, but still enough to complete the development of the Ocean and fund its operations until the end of 2022, it said.
Fisker also confirmed that its second vehicle called the PEAR, which is cheaper to build, will be built by Foxconn Technology Group in Ohio’s former Lordstown Motors factory beginning in 2024. The car company plans to launch its third model, a sports car called Ronin, in late 2024. It will first be displayed in mid-2023.