MKBHD Calls Fisker Ocean the Worst Car and They Are Now Within 30 Days of Bankruptcy
By Brian Wang
Fisker warned investors in SEC filing it could seek bankruptcy protection within 30 days, as cash reserves continue to shrink. Fisker missed an $8.4 million interest payment on March 15 and has not been able to make it in the 30-day grace period since that date. The EV maker had already idled production in Austria and has been offering steep discounts on unsold 2023 Ocean SUVs.
The EV maker had spent $904.9 million during 2023, and had $325.5 million in cash at the end of the year. As of the middle of April 2024, Fisker said it had some $53.9 million in readily accessible funds and an additional $11.2 million in other reserves.
Marques has said that it is not his reviews killing Fisker or the Humane AI pin. MKBHD just has to be honest with his reviews.
MKBHD first reviewed the first Fisker Ocean and found it to be buggy with safety issues.
Fisker has to send technicians out to update the software. However, Fisker now claims an OTA (over the air update capability.)
MKBHD has updates his review with a new version of the software. The new software is better but the car is still bad and still the worst that MKBHD has reviewed.
It is not just MKBHD that issues with Fisker safety. In February, 2024, the National Highway Traffic Safety Administration (NHTSA) opened a second investigation into EV startup Fisker’s Ocean SUV, after the agency received four complaints about the vehicle rolling away unexpectedly, including one injury. In January, 2024, NHTSA’s Office of Defects Investigation began investigating complaints of sudden loss of braking performance. Fisker claims that problem was resolved with a software update that went out to vehicles in December. Owners have complained for months about the SUV suddenly losing power, problems getting in and out of the vehicle, trouble shifting into gear and the SUV’s hood flying up.
In April, 2024 the NHTSA, opened a third investigation into doors that fail to open.
Here is the NHTSA page on the Fisker Ocean. Fisker has delivered about 6400 Fisker Oceans and NHTSA has 109 customer complaints.
Another reviewer says some of the things are not so bad.