I have no business relationship with any company whose stock is mentioned in this article. Production of the Fisker Karma Henrik Fisker (born 10 August 1963) is a Danish-American automotive Fisker Inc. plans to be the world's first digital car company, sitting in the "premium affordable" category, competing with other fully electric car manufacturers such as Tesla (The manufacturing outsourcing is currently at the advanced stage of talks with Volkswagen [Xetra:VOW](By outsourcing manufacturing and servicing, Fisker Inc. aims to reduce initial CapEx, production risks, and focus on car design, marketing and selling.The Fisker Ocean fully electric SUV will come in 3 versions and have a range of 250–300 miles. It is now available for orders and selling from ~US$30,000 after US subsidies, or ~US$37,499 if no subsidies for the base model. Future Fisker-led manufacturing facilities also are a possibility.Valuing a new EV start up these days is not easy given the complexity of assumptions and risks involved.The Fisker Inc's pro-forma 'equity' valuation guide is US$2.9b and is based on ~290m shares outstanding (also when the SPAQ price was US$10.00). Spart... Business Insider Spartan Energy surged as much as 29% on Monday after it inked a merger agreement with Fisker Inc., an electric vehicle automotive company. I am not receiving compensation for it (other than from Seeking Alpha). All going well the Company will have accelerating revenues from 2023. Registration on or use of this site constitutes acceptance of our Fisker Inc. is focused on developing and partnering with OEMs to manufacture electric vehicles, starting with its Fisker Ocean SUV, which is planned to be released in 2022. Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or … There may be some trading from early investors in SPAQ or later Fisker Inc. wanting to take profits as well as warrant holders possibly causing some minor dilution, so I would expect some volatility along the way.When we consider Tesla who is about 10 years ahead of Fisker trades on an enterprise value of ~US$290b, then one can argue that buying Fisker at US$3-4b is either crazy or a good bet. Spartan Energy Acquisition Corp. is a special purpose acquisition entity focused on the energy value-chain in North America and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. To List On NYSE Through Merger With Apollo Affiliated Spartan Energy Acquisition Corp. Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation On July 13 Spartan Energy Acquisition agreed to merge with Fisker. At this stage Fisker Inc. is planning to release 8 BEV's including affordable luxury SUV's, sedans, crossovers, and pickups; as well as other luxury and performance vehicles. Fisker added that he expects the merger to close in September or October.Fisker's plan is to develop electric vehicles, and then outsource the production to other car manufacturers. Fisker expect to make a profit on every new car due to their low CapEx/overhead outsourcing strategy also involving digital sales with no dealers.Valuation is difficult due to the early stage and many assumptions. About Fisker Inc. - Background, Henry Fisker, Fisker Inc.'s points of difference, Fisker Inc.'s first electric car the Fisker Ocean, Fisker Inc.'s next vehicles and estimated timetable. Fisker will merge with Spartan Energy Acquisition, a special purpose acquisition firm, to go public. I think the later, but investors should not invest more than they can afford to lose as the risk is high.Below is a comparison by market cap which shows Fisker Inc./SPAQ to be priced relatively well by comparison to the main peers of NIO Inc. (The best thing about the SPAQ/Fisker deal is that the US$1b funds raised is expected to fully fund Fisker to reach production of the Fisker Ocean BEV by late 2022, thereby significantly reducing pre-production funding risk for Fisker's first EV.Fisker is still at the early stages with a 5,500 reservation deposits on a great looking and popular 'affordable luxury' prototype BEV (Fisker Ocean SUV) due for a late 2022 production start. Fisker Inc. existing shareholders will retain about 60% pro-forma equity in the new merged company which is a good sign. Upgraded models include Sport (US$47,999), Power Sport (US$59,000), and Extreme (US$69,900).As of June 2020, Fisker Inc. has received 5,500 reservation deposits for the Fisker Ocean, 90% from North America, amounting to US$275m of indicative revenue. Fisker Inc. state that they are "revolutionizing the automotive industry by developing the most emotionally desirable and Fisker Inc. is an American electric vehicle automaker founded by Note: Fisker Inc. founder Henry Fisker's first company Fisker Automotive ran into problems. According to Barron’s , Fisker expects to … If you want to sign up for Trend Investing finds the "next big thing" and the best ways to invest.I wrote this article myself, and it expresses my own opinions.
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