06/29/2024
The exact thing I have cautioned everyone about is now happening. Among others (CDK). Fisker, a recent "top 3 pick" by Zacks, Amid Bankruptcy, Recalls Every Single Car in the U.S.
The recall includes a mandatory stop sale as the availability of parts and service is as questionable as Fisker's future.
I want Rivian to succeed, and we all should. However, scale and profit remain elusive without substantial subvention, subsidies, or massive losses. The challenges are real, but the potential is immense. For those that don't, like Fisker, few options remain other than BK, merger, or reorganization, leaving stockholders facing the brunt of failed expectations.
Every single Fisker Ocean ever built is being recalled while the automaker is in the middle of bankruptcy proceedings.