It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks - and only the big ones at that - Tesla (TSLA), Rivian (RIVN), and Lucid (LCID).
One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show is Fisker Inc (FSR).
Fisker, founded and run by legendary automotive designer Henrik Fisker, unveiled the production version of its Ocean EV SUV.
Overall it's a competitive package, penned by Henrik himself, and in top trim form the Ocean is targeting over 350 miles of range from an all-wheel drive, dual motor setup pumping out 540 horsepower.
While those are noteworthy figures, there are other EVs that can match these figures in that price range (around $65,000 for the higher end Ocean). The real twist here is the base Ocean, called the Ocean Sport, that will use a smaller range battery (targeting around 250 miles of range), and a single-motor front wheel drive, that will start — before any state and local incentives — at $37,499.
At that price level, no one so far, even Tesla, can match that price in the premium EV landscape. Yahoo Finance spoke to Henrik Fisker at the LA auto show about how the company plans to make this pricing work.
“We have a whole asset-light business model — it's a little bit like Apple (AAPL), Foxconn, if you want — in terms of we concentrate on the product, the marketing, the design, the development, and then we outsource manufacturing,” Fisker said...
Read Full Story: https://finance.yahoo.com/news/fisker-unveils-worlds-most-sustainable-vehicle-as-electric-vehicle-competition-heats-up-141734654.html
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