Hope Amid Uncertainty: Fisker Dealers Stay Positive as Company Faces Delisting

Amidst Fisker’s looming delisting from the New York Stock Exchange on April 22 and the specter of potential collapse, some dealers are maintaining a hopeful outlook for the electric car manufacturer’s future.

Recent developments at the Fisker store in Indianapolis have sparked optimism. Shipments of the all-electric Ocean have arrived, with customer deliveries underway. Dealer principal Phil Harrison shared, “Customers have been enjoying daily test drives and are eagerly configuring their new Oceans to take home.”

While uncertainty looms, dealer partners like Val Ranguelov of Fisker Albany in New York express optimism. Ranguelov noted, “Interest in the Ocean remains strong. As of now, we’re still moving cars. Time will tell what happens.”

Fisker’s financial challenges were highlighted in its fourth-quarter earnings report, which disclosed a $463 million loss and raised “substantial doubt about its ability to continue as a going concern.” Despite this, Phil Harrison remains upbeat, saying, “It’s truly exciting to upgrade a client from a 3-year-old Tesla or similar vehicle to a brand new Fisker Ocean.”

Fisker’s decision not to appeal the NYSE’s delisting decision underscores the challenges the company faces. Yet, dealers and enthusiasts alike are looking ahead, with Harrison eagerly anticipating “additional OEM and or technology partnerships that will further solidify Fisker as a household name.”