Henrik Fisker, the CEO of Fisker Inc., has put his Los Angeles home on the market for $35 million, which is $8 million more than the current market value of his electric vehicle (EV) company. Fisker Inc. has faced significant challenges, with its stock plummeting by over 96% in 2024, leading to its delisting from the New York Stock Exchange.
The Hollywood Hills mansion, purchased by Fisker and his wife Geeta Gupta-Fisker for $21.8 million in 2021, boasts six bedrooms, eight bathrooms, and stunning views of both the Pacific Ocean and the city. The property features a retractable glass wall that seamlessly connects the indoor and outdoor spaces, along with a vast balcony, swimming pool, spa, and a three-car garage equipped with hydraulic lifts capable of storing six vehicles.
While the reason for the Fiskers’ decision to sell their home is unclear, Fisker Inc. is facing financial difficulties. Poor reviews and customer complaints have led to a decrease in orders for the Fisker Ocean, impacting the company’s cash flow. Fisker Inc. recently stated that it may need to file for bankruptcy if it does not receive debt relief soon.
Despite the challenges, Henrik Fisker has reportedly met with executives from four established automakers to discuss a potential buyout, though details of these discussions remain undisclosed. The sale of his mansion could potentially help alleviate some of the financial strain facing Fisker Inc.
