FISKER SELLS ALL CARS TO BE NYC TAXIS

EV Channels Review

This episode of the Out of Spec Podcast delves into the significant development of Fisker selling its remaining inventory to American Lease for use as NYC taxis. Adam, an expert on Fisker's situation, provides a detailed breakdown of the sale, including the court approval and the implications for current Fisker owners. While American Lease sees an opportunity in NYC's mandate for zero-emission taxis, significant challenges remain regarding parts, service, and software for existing owners. The discussion highlights the strengths of the deal, such as American Lease's potential to scale parts and service, and the involvement of the Fisker Owners Association. However, weaknesses and threats, particularly concerning software IP and the potential conversion to a Chapter 7 bankruptcy, are also thoroughly explored. The episode also features a personal account from Adam about his experience trading in his Fisker Ocean, illustrating the difficulties and financial losses many owners face. Ultimately, the conversation serves as a cautionary tale about the risks of being an early adopter of startup EV companies.