FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Billion-Dollar Disaster"

Posted by JHVanderVort on Wednesday April 17, 2013 @02:48PM
from the privco.com dept.

http://www.privco.com/fisker-automotives-road-to-ruin

( 3 comments | on HN )

Re:FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Bi... by SilconValleyVC on Thursday April 18, 2013 @10:33PM (#5574419)

Tesla at least applied for and got loan with a WORKING CAR and CUSTOMER PREPAID ORDERS. Fisker had a 50-page BUSINESS PLAN. Tesla is NOT Fisker. Doesn't mean Tesla will succeed- current Tesla model car has some engineering issues clearly. But Tesla's not Fisker. Fisker loan was negligence, and DOE never saying a word to the public (same with Solyndra) until finally a Bankruptcy filing exposed it all: loan extensions, waivers etc to keep it quiet. That's absured...this is OUR MONEY being loaned out.

[ Parent | on HN ]

Re:FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Bi... by atlasshrugs on Wednesday April 17, 2013 @02:51PM (#5566285)

Crazy...begs the question of whether Tesla is next and the rosiness of their financials..

[ Parent | on HN ]

Re:FISKER AUTO'S ROAD TO RUIN: "Billion-Dollar Startup to Bi... by JHVanderVort on Wednesday April 17, 2013 @02:54PM (#5566307)

Ehh, tesla probably is fine...this seems to be a unique circumstance

[ Parent | on HN ]