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FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Billion-Dollar Disaster"

http://www.privco.com/fisker-automotives-road-to-ruin

by JHVanderVort • 13 years ago

1 3 13 years ago

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3

atlasshrugs• 13 years ago

Crazy...begs the question of whether Tesla is next and the rosiness of their financials..

JHVanderVort• 13 years ago

Ehh, tesla probably is fine...this seems to be a unique circumstance

SilconValleyVC• 13 years ago

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.

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