Would You like a feature Interview?
All Interviews are 100% FREE of Charge
Fisker announced that Future plans with preliminary earnings for 2023 and 4th quarter, which is not very good for EV manufacturers. The company plans to lay off 15% of its workforce (approximately 200 people) as it transitions from a direct-to-consumer sales model to a dealer-partner model. The company has halted all investment in future models and will only restart if it partners with another automaker.
The company’s fourth-quarter revenue increased to $200.1 million from $128.3 million in the third quarter. However, gross margin was -35%, resulting in a loss of $1.23 per share. The only EV on the market, the Ocean SUV, was produced at 10,193 units, but only 4,929 were delivered.
Automakers were the first to introduce that pivot. dealer partner model The company closed the deal in January and claims it has received interest from 250 dealers in North America and Europe and has closed 13 deals. “We recognize that the industry has entered a tumultuous and unpredictable period,” Fisker Chairman and CEO Henrik Fisker said in a statement. “Understanding that and drawing on the lessons learned from 2023, we have made plans to streamline our company in preparation for another challenging year. The company plans to offer 20,000 to 22,000 Ocean models worldwide.
Fisker is currently negotiating with “major automakers” for future EV investment and co-production. This means production of previously announced vehicles, such as the Alaska EV pickup truck with giant cup holders and designated cowboy hat space, will be put on hold indefinitely. Fisker originally planned to begin production of the Alaska EV pickup truck in early 2025.