Our goal is bigger than just taking Tesla customers

The founder and CEO of Fisker told CNBC on Thursday that the electric-vehicle startup is trying to do more than just swipe market share from Tesla.

Henrik Fisker made the comments in an interview on “Mad Money,” one day after his company announced it had inked a key production deal with Foxconn Technology Group. The Taiwan-based firm is best known for its role assembling iPhones for Apple.

“At the end of the day, we’re not out here just to go and take Tesla customers away from Tesla,” Fisker told host Jim Cramer. “That’s great if they come … but the real market opportunity is the 80 million people who buy a new car every year. That’s gigantic opportunity.”

Cramer had asked Fisker how he believes the design of the company’s first expected vehicle, called the Ocean, rivals those from Elon Musk’s Tesla, which is the dominant EV brand in the U.S.

While battery-powered electric vehicles expected to continue growing market share compared with internal combustion engines, the space is growing increasingly crowded. In addition to startups like Fisker, established auto titans like General Motors and Ford are investing heavily.

“We didn’t want to do another ‘me-too’ Tesla. That’s what they’re doing. That’s great, but we really want to do an alternative,” Fisker said, touting the Ocean as a true SUV. “That’s what will be differentiating us from other car companies that are really making hatchbacks or sedans,” he added.

The Ocean, which has a starting price of $37,499, is set to go into production in the fourth quarter of next year. In October, Fisker struck a deal with auto supplier Magna International to manufacture the Ocean.

Fisker, a well-known auto designer whose previous EV startup went on to file for bankruptcy, said the company’s ability to secure high-profile partners in Magna and Foxconn demonstrated its potential.

Fisker and Foxconn have so far signed a memorandum of understanding, with the deal expected to close in the second quarter of 2021. According to the companies, Foxconn plans to make the Fisker’s second vehicle; production is set for the fourth quarter of 2023.

“When it comes with Foxconn, I think that really stamps in steel almost that we have a business model that works. It wasn’t just a one-off thing that we made a deal with Magna,” Fisker said.

Fisker, which last year went public through a reverse merger, saw its stock close down 4.43% Thursday to $21.58 per share. The company released fourth-quarter results after the bell, reporting a loss from operations of $31.3 million.

The post Our goal is bigger than just taking Tesla customers appeared first on Chop News.



from Chop News https://ift.tt/3aZX969

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    How and Where You Can Find Unde
Read more

How to Manage Your Spinal Cord Injury in Arizona

Image
How to Manage Your Spinal Cord Injury in Arizona:  Arizona is a prosperous state in the United States, with a population of more than seven million people in 2019. It has a robust economy with an unemployment rate of 5.1% during the year. The state also posted a 2.7% job growth in 2018-2019, mainly driven by its healthcare industry. One of the growing segments in the state’s healthcare sector is medical cannabis. Experts recommend it to treat ailments like chronic pain and spinal cord injuries (SCI). However, you need to have a medical marijuana card in Arizona to buy medical cannabis legally. How to Manage Your Spinal Cord Injury in Arizona When to Seek Medical Help for Your SCI The National Spinal Cord Injury Association claimed an estimated 450,000 Americans are living with SCI. Also, there are around 17,000 new SCI cases in the U.S. every year. If you are an SCI sufferer, you should go to the hospital immediately if you experience one or more of the following symptoms after
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Quara
Read more