Thank you for reading my mind and saving me some typing!! Look at Tesla, the darling of Wall street investors and progenitor of the modern electric vehicle to which others aspired to measure up to. They were a solid investment (for a vehicle, I'm not discussing the stock) up to just a month ago. Today you're looked at as a social pariah if you own one.
History has recently repeated itself but with Fisker being the brand this time. Lots of bragging going on at the now non-existing Fisker forum with owners proudly proclaiming "all Fisker household here!" spending sometimes up to $140K for two Fiskers only to be completely gutted when Fisker suddenly went belly-up over the course of a couple of months time. No parts, no repairs, no warranty, insurance co's are refusing to insure them.
I think Fisker is a pretty poor comparison. How many cars did they deliver? 5000? Founder filed for bankruptcy ten years prior with another failed vehicle startup. No charging network, etc, etc. The economic volatility of our times coupled with current tariffs and economic policy here in the US make, as you rightly pointed out with the current Tesla backlash, most if not all car manufacturers a risky bet. And cars are a badly depreciating asset anyway.
And those $140K vehicles suddenly became worth only ~$60K because of Fisker's fire-sale at the end.
Great delivery photo!We have a First Edition #509 Kia EV6 GT-L . My "designed by Albert Biermann" star fighter.
We also bought a Mach E GTPE - FUN car! - which was "broken" by the dealer after a botched recall repair a year later. Ford gave us a full by-back.
Fortunately, I was on an order list. Two weeks later, Rivian emailed me about a couple declined vehicles (interest rates had climbed) and I grabbed the R1S.
Done!
