"Fisker Slashes Ocean SUV Prices by $24K in Desperate Bid to Avoid Bankruptcy"

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Source: Business Insider
"Fisker Slashes Ocean SUV Prices by $24K in Desperate Bid to Avoid Bankruptcy"
Photo: Business Insider
TL;DR

Fisker has slashed the prices of its Ocean SUV by up to $24,000 in a bid to avoid bankruptcy, with the most expensive model now priced at $37,499. The move comes as the electric-vehicle startup faces financial challenges, including a pending delisting of its stock. While the discounts aim to make the Ocean more affordable and competitive in the EV market, such drastic price cuts could potentially harm the resale value of the vehicles.

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