Fisker turns to extreme markdowns to stave off bankruptcy.

Fisker turns to extreme markdowns to stave off bankruptcy.

The struggling EV company slashed the price of the Ocean, its only model, by nearly 40 percent, to $37,499 — as it looks for a miracle to avoid going out of business. Fisker is in the process of being delisted from the New York Stock Exchange for failure to keep its share price above $1. And it paused production of the Ocean in order to focus on fundraising. Fisker always promised it would be a mass-market EV company. But I doubt this is how they wanted it to happen.

Of course, this is the EV that MKBHD called “the worst” car he’d ever reviewed.

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