Get A Free Quote NOW

Fisker Talks Dim Outlook In 2023 Earnings Call For EVs

You are currently viewing Fisker Talks Dim Outlook In 2023 Earnings Call For EVs
  • Post category:Blogs

$200 million was earned in revenue through the fourth quarter, with underperforming sales being led to $463 million in net losses all through the same period. A result of it shows that the automaker is laying off 15 percent of the workforce all as a way to cut costs. Surely, there will be plenty more layoffs approaching Fisker in the future. Fisker themselves have shown that they want to balance out, but they’ll have to look for additional equity or debt financing, all while the there would be no assurance that Fisker is detailing within those efforts.

Fisker’s own plan is contingent on the successful transition towards the new Dealer Partner model in 2024. Such a company has been able to sign off for six U.S. dealers since making the announcement form a direct-to-consumer sales model in January while announcing that there had been at least 250 different expressions of interest from dealers in North America and Europe as well.

This is inevitable for some electric vehicle companies.

Suppose that this is because the market is just too competitive. When I saw that Hummer was bringing back the Hummer in an EV form, it was absolutely insane. The Pear SUV has shown to be another competitor The truck has been very specific to go towards bigger progression in the realm of advanced mechanics in the realm of Electric Vehicles.

Fisker has launched the Ocean SUV in the second half of 2023, where they would mark the first vehicle since the 2013 Karma, in accordance to Fisker, the company has been able to deliver around 3818 Ocean crossovers in teh fourth quarter, while there would also be 4929 in all of 2023. There’s the appearance that the company has on a substantial inventory of Oceans, while the company would create around 10,193 vehicles in 2023.

Regardless of the dim appearance of the earnings call, all while the company speaks about what’s in between 20,000 and 22,000 Oceans on a worldwide scale. There’s especially bright hopes regarding the expansion of the dealer partner footprint.

The company themselves would sign over about six U.S. dealers ever since making the switch from direct-to-consumer sales model in January with around 250 expressions of interest from dealers all around North America and Europe. The hopes to make better moves in the realm of electric vehicles is still a dream worth advancing towards.

Leave a Reply