The Fisker Ocean, now the cheapest new electric vehicle in America, could soon face the possibility of bankruptcy. The company has drastically reduced prices in an attempt to bring in more cash as it struggles to stay afloat. However, industry experts caution against purchasing the Ocean at this time due to the potential consequences of a Fisker bankruptcy. Replacement parts would likely become scarce, repairs difficult to obtain, and software updates no longer available.
If Fisker were to declare bankruptcy, there would be significant challenges in maintaining and servicing the Oceans already on the road. With the company already running out of money, issues such as long wait times for replacement parts, lack of repair support, and unresolved design flaws could all become exacerbated. Without access to repair manuals and the ability to reprogram computerized components, servicing Oceans could become even more challenging if Fisker shuts down completely.
The Ocean owners have already experienced some software issues that have required updates from Fisker. However, if the company were to go under, these over-the-air updates would cease, leaving owners with potentially unresolved software bugs. Additionally, features promised by Fisker for future software updates may never materialize if the company goes out of business. This could leave owners with vehicles that are not fully functional, even if they were purchased at a discounted price.
Fisker’s recent price cuts highlight the urgency of its financial situation, with the company facing potential delisting from the New York Stock Exchange and production halts for the Ocean. While the prices of the Ocean may seem enticing, the risks associated with purchasing from a struggling company could ultimately outweigh any potential savings. Industry experts caution against buying Oceans at this time due to the uncertainty surrounding Fisker’s future and the potential challenges that owners may face in the event of a bankruptcy.
Repair shops specializing in electric vehicles may be hesitant to invest in tools and equipment needed to service the Ocean, given the uncertain future of Fisker. Without access to necessary parts, repair manuals, and technical support from the manufacturer, servicing these vehicles could become increasingly difficult. The potential for Fisker bankruptcy and the subsequent lack of software updates make owning an Ocean a risky proposition, even at a lower price point.
Ultimately, the decision to purchase a Fisker Ocean at this time is one that buyers should carefully consider. While the discounted prices may be attractive, the potential risks associated with Fisker’s financial struggles and the aftermath of a potential bankruptcy could leave owners stranded with a vehicle that is difficult to repair and maintain. As the company fights for survival, potential buyers should weigh the risks and uncertainties surrounding the Ocean’s future before making a purchase decision.
