You Could Buy the Entire Fisker Company for Less Than the Founder's Home Costs
Fisker is on shaky ground, and while it might have a few interested buyers, nothing is certain, and things could go sideways at any time. Company founder and designer Henrik Fisker appears to be preparing for the worst, as he and his wife recently listed their Los Angeles residence for $35 million, more than the automaker is currently worth.
When the New York Stock Exchange suspended trading, the company's valuation was just under $34 million, a pittance for any automaker, but Fisker’s L.A. mansion is no joke. He and his wife purchased the home in 2021 for $21.8 million, making the new listing price a significant increase. But if $35 million is too much, you can also rent the property for $125,000 a month.
Los Angeles real estate is a different world than most of us are used to, so that eye-popping price might not deter potential buyers. The 11,800-square-foot home has expansive views of Downtown L.A. and the ocean, and it features six bedrooms, eight bathrooms, and a three-car garage with a 20-foot ceiling.
Fisker’s only production vehicle, the Ocean, received a fair number of poor reviews and warnings to buyers that it had a range of inexcusable issues. It’s now on sale for under $30,000 in some configurations, less than half of what early buyers paid, though the SUV is still a considerable risk as the company tries to avoid shutting its doors for good.
[Image: Fisker]
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Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.
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I hereby present my offer to buy Fisker, in all cash, for a dollar two ninety !
Or, I can just max out my credit card ($1,000 limit)....
How did Fiskar accumulate the income and assets to buy an 8 figure home? His first company went belly up and his 2nd is rapidly getting there. What business has he owned that generated that kind of wealth for him/
Laundering Federal money can make anyone very wealthy.
This is what happens when you make your wife CFO. This is all the result of accounting problems. And could’ve been avoided with a reserve of liquidy.