Photo: Fisker
It's no secret anymore that electric carmaker Fisker is not doing very well. Struggling with financial issues for some time now, the company received another blow this week, when the New York Stock Exchange (NYSE) moved to suspend trading after the company's stock reached a shameful $0.09 per share.
Things haven't looked good for Fisker for a while now, but the company tried to keep things afloat by saying it was talking to a major (and unnamed) carmaker for a strategic partnership. That seems to have fallen through as well, and things don't look great for Fisker.
But we're not here to talk about that, but about the huge price cuts the company announced this week for the Ocean SUV. A move clearly related to its financial troubles and smelling a hell of a lot like a drop-all-and-give-up step, these price cuts left us wondering if these Ocean SUV are worth the buy.
First, let's talk money. Fisker announced cuts in the SUVs MSRP for all three trims (Sport, Ultra, and Extreme) in their 2023 model year guise, with the cuts expected to go into effect on Friday, March 29.
The Fisker Ocean Sport is the entry-level model. Equipped with a single motor moving the front wheels, it can cover a maximum distance of 231 miles (372 km) on a single charge and can accelerate from a standstill to 60 mph in 6.9 seconds.
This model was priced at $38,999, which was not all that bad, but Fisker slashed no less than $14,000 of the thing's MSRP. This means this model will sell as of tomorrow from $24,999.
The mid-range Ocean Ultra comes with a dual-motor setup and can accelerate to 60 mph in 3.9 seconds. Its range is significantly larger, reaching 350 miles (563 km), and so was the price: until this week, the sticker read $52,999. Not anymore, as after slashing no less than $18,000, the new price reads $34,999.
The biggest price cut was applied to the top-of-the-range Extreme. With two motors and the Hyper Range battery, the thing is capable of traveling for a total of 360 miles (579 km) and can accelerate to 60 mph in 3.7 seconds. Its price dropped by $24,000, from $61,499 to $37,499.
The price cuts in themselves are extraordinary and, in other circumstances, they would have been more than welcome. But are the three Ocean SUVs worth the buy?
If you judge all of this from a price versus performance point of view, they certainly are. Range, acceleration, features, and equipment levels in themselves are enough to make the Oceans worth at least a closer look.
But one has to think about what comes after that, but also to the bad reviews the Ocean has received here and there.
Because we all like cars, we hope Fisker does pull through this, but the reality remains that the company has an uncertain future ahead. And that means it's unclear what kind of aftersale services one can rely on. Not to mention that you'll probably have an almost impossible time reselling the SUV once you're tired of it.
But we're not here to talk about that, but about the huge price cuts the company announced this week for the Ocean SUV. A move clearly related to its financial troubles and smelling a hell of a lot like a drop-all-and-give-up step, these price cuts left us wondering if these Ocean SUV are worth the buy.
First, let's talk money. Fisker announced cuts in the SUVs MSRP for all three trims (Sport, Ultra, and Extreme) in their 2023 model year guise, with the cuts expected to go into effect on Friday, March 29.
The Fisker Ocean Sport is the entry-level model. Equipped with a single motor moving the front wheels, it can cover a maximum distance of 231 miles (372 km) on a single charge and can accelerate from a standstill to 60 mph in 6.9 seconds.
This model was priced at $38,999, which was not all that bad, but Fisker slashed no less than $14,000 of the thing's MSRP. This means this model will sell as of tomorrow from $24,999.
The mid-range Ocean Ultra comes with a dual-motor setup and can accelerate to 60 mph in 3.9 seconds. Its range is significantly larger, reaching 350 miles (563 km), and so was the price: until this week, the sticker read $52,999. Not anymore, as after slashing no less than $18,000, the new price reads $34,999.
The biggest price cut was applied to the top-of-the-range Extreme. With two motors and the Hyper Range battery, the thing is capable of traveling for a total of 360 miles (579 km) and can accelerate to 60 mph in 3.7 seconds. Its price dropped by $24,000, from $61,499 to $37,499.
The price cuts in themselves are extraordinary and, in other circumstances, they would have been more than welcome. But are the three Ocean SUVs worth the buy?
If you judge all of this from a price versus performance point of view, they certainly are. Range, acceleration, features, and equipment levels in themselves are enough to make the Oceans worth at least a closer look.
But one has to think about what comes after that, but also to the bad reviews the Ocean has received here and there.
Because we all like cars, we hope Fisker does pull through this, but the reality remains that the company has an uncertain future ahead. And that means it's unclear what kind of aftersale services one can rely on. Not to mention that you'll probably have an almost impossible time reselling the SUV once you're tired of it.
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