FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Billion-Dollar Disaster"(privco.com)
privco.com
FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Billion-Dollar Disaster"
http://www.privco.com/fisker-automotives-road-to-ruin
2 comments
Tesla at least applied for and got loan with a WORKING CAR and CUSTOMER PREPAID ORDERS. Fisker had a 50-page BUSINESS PLAN. Tesla is NOT Fisker. Doesn't mean Tesla will succeed- current Tesla model car has some engineering issues clearly. But Tesla's not Fisker. Fisker loan was negligence, and DOE never saying a word to the public (same with Solyndra) until finally a Bankruptcy filing exposed it all: loan extensions, waivers etc to keep it quiet. That's absured...this is OUR MONEY being loaned out.
Crazy...begs the question of whether Tesla is next and the rosiness of their financials..
Ehh, tesla probably is fine...this seems to be a unique circumstance