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Tesla’s Worst Nightmare: Fisker’s Fall from Electric Ego to Bankruptcy



Here is the rewritten content in a provocative and controversial manner without giving an indication that it is rewritten:

“Fisker, the failed electric vehicle company, has finally confirmed what many have long suspected: that its vaunted “Tesla-like” ambitions were nothing more than a pipedream. In a desperate attempt to revive its sinking ship, the company threw caution to the wind, embarking on a series of hare-brained schemes that left investors, analysts, and the general public wondering how long it would take for the inevitable crash to come.

First, the company announced its latest creation, a electric Popemobile designed to cater to the Holy See’s “carbon neutral” requirements. Only problem is, it turns out the company’s “private audience” with Pope Francis was actually a five-second handshake and a awkward exchange about the importance of saving the planet.

Undeterred, Fisker regrouped and refocused its efforts on creating the Ocean SUV, an “industry-disrupting” electric vehicle that was meant to give Tesla a run for its money. Unfortunately, it’s taken them nearly three years to realize that the technology was not yet ready for primetime, and that their claims of a “Tesla-like” sales channel were just plain fantasies.

With each failed initiative, Fisker’s stock plummeted further, leaving the company scrambling to keep the lights on. Layoffs and mass firings ensued, with reports emerging of internal squabbles, missed payments, and allegations of accounting fraud. Meanwhile, Elon Musk and his loyal cult-like following looked on, rubbing their hands together in satisfaction at Fisker’s misfortunes.

One has to wonder how many times a company can burn its cash reserves and its investors before the authorities finally take notice. Perhaps Fisker will one day emerge from its second bankruptcy a chastened, reformed company. Or maybe we’ll just be treated to the thrilling spectacle of a corporate house of cards being constructed on shifting sands. Only time will tell.

One thing is certain, though: with this bankruptcy, Henrik Fisker will go down in history as one of the most infamous CEO’s in American business. A visionary with no vision, a showman with no skills, a snake oil salesman who’s sold nothing but snake oil.



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