[MTN Ranger]

Henrik Fisker interview at Deutsche Bank Global Auto Industry Conference - June 14 2022

 

[baydreamer]

So what was Frank Boroch doing there? Never said a word after a brief sentence at the beginning, and he looked like he was being forced to sit there.

 

[MTN Ranger]

So what was Frank Boroch doing there? Never said a word after a brief sentence at the beginning, and he looked like he was being forced to sit there.

I know right? He looked really bored!

 

[baydreamer]

I was surprised to hear Henrik talking about the possibility of using Lidar in the PEAR. From what I've read, Lidar seems like it'll see a objects at a farther distance and smaller objects than digital radar, but my impression is that the radar will be significantly cheaper and still be extremely impressive. Maybe that will change in a couple of years. Still, the digital radar is such a new technology that I'm surprised that he's already talking beyond that.

 

[MTN Ranger]

Another comment is that he estimates 70-80k reservations by start of production.

 

[MTN Ranger]

I was surprised to hear Henrik talking about the possibility of using Lidar in the PEAR. From what I've read, Lidar seems like it'll see a objects at a farther distance and smaller objects than digital radar, but my impression is that the radar will be significantly cheaper and still be extremely impressive. Maybe that will change in a couple of years. Still, the digital radar is such a new technology that I'm surprised that he's already talking beyond that.

LIDAR hardware is dropping in cost rapidly. I'm betting it will be added to a mid-gen refresh of the Ocean in 2024-25.

 

[ToddH65]

I have been confused for a while about order of production after the One. And this added to that. In the interview Fisker mentions that the base trim will be likely begin production in late 2023. Then specifically refers to Sport as the base trim. So will the mix production of Ultra and Extreme after the first 5,000?

 

[Baker]

I have been confused for a while about order of production after the One. And this added to that. In the interview Fisker mentions that the base trim will be likely begin production in late 2023. Then specifically refers to Sport as the base trim. So will the mix production of Ultra and Extreme after the first 5,000?

Nobody knows but I expect after the 5000 of model One they will produce Extreme for about 27,000 and switch to Ultra on June/July and finish with Sport at the end of the year. They have to produce the 40,000 with price frozen in 2023, of course I could be wrong.

 

[bronco7777]

Nobody knows but I expect after the 5000 of model One they will produce Extreme for about 27,000 and switch to Ultra on June/July and finish with Sport at the end of the year. They have to produce the 40,000 with price frozen in 2023, of course I could be wrong.

Yeah, to be honest all the vagueness is kind of annoying. I'm still on the fence about whether I get a One/Extreme (basically the same thing) or an Ultra. But if I decide on an Ultra with added extras, will I still keep my place in line? Or will they let other Extreme holders behind me jump the line? Never have I seen a straight answer on that. I totally get the strategy behind producing the Extremes first. But in my opinion you reward those reservation holders that took the plunge and a leap of faith with you from the very beginning. By that I mean you reward those first 25,000 or 30,000 reservation holders by allowing them to select and get the trim they want at their respective spot in line. Without making them wait or get pushed back into a limbo of doubt regarding if they will get their car before 2024 without a price hike. To take things further, if you are not only a reservation holder but also a shareholder you should be able to order an Ultra even at the very beginning (by beginning I mean right after the One's are sold). I'm a shareholder. Plus I got in so early on reservations that at that time, you didn't even have trim levels or pricing tiers to choose from. I'm actually in a spot where I might have a shot at a One depending on what plays out in front of my spot in line. However, the solar roof isn't really a big deal to me and most every other feature I could want can be added. So it would suck that I got in line early when most were still questioning what to make of this company (which had failed in the past) and I invested in them with shares and then I get shafted if my turn comes up to order and I'm told I have to wait till maybe late Q4'23 or early Q1'24 to get an Ultra. Oh an by the way, they might jack the price up on you as well. Yeah, once again I know the explanation behind doing Extreme only orders first. So no one has to explain that again. Obviously money and greed rules everything. But IMO for reservation/share holders in my position, when the call comes to order it should go something like this: Fisker: "Hello mister reservation holder. Thank you for being one of the first to reserve with Fisker and thank you for investing in shares with us. What trim would you like to order? Reservation Holder: I think I want the Ultra with these add-ons. Fisker: Okay thank you, we will keep your place in line and honor that Ultra request amongst the Extreme orders slated to be delivered first. You can expect to receive your Ultra sometime within the first 6 months of 2023. It's over simplified but something along those lines is the right thing to do IMO.

 

[526]

He was pretty clear saying that the first 40,000 reservation holders won't see a price increase... that doesn't mean you won't have to wait for a Sport or an Ultra until after some Extremes are made for people behind you on the reservation list - it just means that when they make your car, they'll honor the price at the time you reserved it. (At least, that's how I read it.) It would be nice if they did what you suggest, but I suspect from a profit making as well as a manufacturing simplicity reason, they'll start out making only Ones, then make only Extremes for a while, then eventually mix in other variants. (VW did this with the ID.4 - first they only made RWD models then later mixed in AWD.) So, while I'm confident I can get an Ultra for the advertised price, I'm not holding my breath on when it will arrive...

 

[bronco7777]

He was pretty clear saying that the first 40,000 reservation holders won't see a price increase... that doesn't mean you won't have to wait for a Sport or an Ultra until after some Extremes are made for people behind you on the reservation list - it just means that when they make your car, they'll honor the price at the time you reserved it. (At least, that's how I read it.) It would be nice if they did what you suggest, but I suspect from a profit making as well as a manufacturing simplicity reason, they'll start out making only Ones, then make only Extremes for a while, then eventually mix in other variants. (VW did this with the ID.4 - first they only made RWD models then later mixed in AWD.) So, while I'm confident I can get an Ultra for the advertised price, I'm not holding my breath on when it will arrive...

Yeah, In general I think I'll be able to get the price. In particular because of the spot in line I currently have. But Fisker has walked back on a lot of things he promised. Experience centers were supposed to open in the summer but now they won't arrive till the fall right before deliveries are scheduled to begin. Journalist reviews have been pushed back. UI won't be ready until the fall either. More than anything I think early adopters should have the trim they want according to their place in line. I can perhaps understand not including the Sport trims in this mix because there are significant differences. But between Extreme & Ultras the differences are slimmer.

 

[S7davis]

@bronco7777 I agree as well about why not release the different trims to those early reservation holders for Extreme and Ultra. I am thinking their is nothing cosmetically different between them except for maybe wheels and tires. Which means the difference is mostly all software which is done with software updates or limited by a software update. So I understand the need to sell the more expensive cars first but however, I think those first 40k reservation holders should be able to get what ever trim they would like to have and at the cheaper price point. I use to be a 2019 reservation holder but cancelled it in 2020 when they postponed the delivery and extra year which thru it off when my lease would be up so I just recently re did my reservation again so I know im on the newer reservation side that will be paying the higher price for the vehicle.



PS. On a side note and this will be only time I bring this up in this thread Anyone see that GM will be revealing the Equinox EV next month. I know I will take a look at it and they saying with the Ultimum batteries it should do over 300+ miles. Someone posted that they saw at 50% SOC it was showing 235.

 

[FutureSurfer]

Yeah, to be honest all the vagueness is kind of annoying. I'm still on the fence about whether I get a One/Extreme (basically the same thing) or an Ultra. But if I decide on an Ultra with added extras, will I still keep my place in line? Or will they let other Extreme holders behind me jump the line? Never have I seen a straight answer on that. I totally get the strategy behind producing the Extremes first. But in my opinion you reward those reservation holders that took the plunge and a leap of faith with you from the very beginning. By that I mean you reward those first 25,000 or 30,000 reservation holders by allowing them to select and get the trim they want at their respective spot in line. Without making them wait or get pushed back into a limbo of doubt regarding if they will get their car before 2024 without a price hike. To take things further, if you are not only a reservation holder but also a shareholder you should be able to order an Ultra even at the very beginning (by beginning I mean right after the One's are sold). I'm a shareholder. Plus I got in so early on reservations that at that time, you didn't even have trim levels or pricing tiers to choose from. I'm actually in a spot where I might have a shot at a One depending on what plays out in front of my spot in line. However, the solar roof isn't really a big deal to me and most every other feature I could want can be added. So it would suck that I got in line early when most were still questioning what to make of this company (which had failed in the past) and I invested in them with shares and then I get shafted if my turn comes up to order and I'm told I have to wait till maybe late Q4'23 or early Q1'24 to get an Ultra. Oh an by the way, they might jack the price up on you as well. Yeah, once again I know the explanation behind doing Extreme only orders first. So no one has to explain that again. Obviously money and greed rules everything. But IMO for reservation/share holders in my position, when the call comes to order it should go something like this: Fisker: "Hello mister reservation holder. Thank you for being one of the first to reserve with Fisker and thank you for investing in shares with us. What trim would you like to order? Reservation Holder: I think I want the Ultra with these add-ons. Fisker: Okay thank you, we will keep your place in line and honor that Ultra request amongst the Extreme orders slated to be delivered first. You can expect to receive your Ultra sometime within the first 6 months of 2023. It's over simplified but something along those lines is the right thing to do IMO.

Hi Bronco. As someone that also wants an Ultra, I share your frustration. By all accounts, I should be able to get an Ultra by March/April based on when I reserved. And that assumes all reservations get converted to orders. However, at this point I think Henrik has been fairly clear on what to expect (and even this could get worse for us Ultra hopefuls). If you haven't listened to it, he lays out the order and production timeline fairly clearly in the virtual shareholder meeting this month:

Fisker - Fisker Inc. 2022 Annual Meeting of Stockholders (Virtual)

investors.fiskerinc.com

In this presentation, he states they will only be building the Extreme until Q4 of 2023. So the current plan is to build Ultras and Sports starting in October of 2023. They are planning on ~4k units per month. So ignoring November, that gives them 10 months to build Extremes which is 40k units. They only have 51k reservations at the time of this writing and the estimate is roughly 50% of people want an Ultra. So by Henrik's account, if you reserved and Ocean from now until October 2022 (which they estimate they will have ~80k reservations), and you opt for Extreme, you will skip EVERYONE that wants an Ultra or Sport with an existing reservation.

 

[Baker]

Hi Bronco. As someone that also wants an Ultra, I share your frustration. By all accounts, I should be able to get an Ultra by March/April based on when I reserved. And that assumes all reservations get converted to orders. However, at this point I think Henrik has been fairly clear on what to expect (and even this could get worse for us Ultra hopefuls). If you haven't listened to it, he lays out the order and production timeline fairly clearly in the virtual shareholder meeting this month:

Fisker - Fisker Inc. 2022 Annual Meeting of Stockholders (Virtual)

investors.fiskerinc.com

In this presentation, he states they will only be building the Extreme until Q4 of 2023. So the current plan is to build Ultras and Sports starting in October of 2023. They are planning on ~4k units per month. So ignoring November, that gives them 10 months to build Extremes which is 40k units. They only have 51k reservations at the time of this writing and the estimate is roughly 50% of people want an Ultra. So by Henrik's account, if you reserved and Ocean from now until October 2022 (which they estimate they will have ~80k reservations), and you opt for Extreme, you will skip EVERYONE that wants an Ultra or Sport with an existing reservation.

Yes I know you are right but we all hope that he will change his mind!

 

[anraganjr]

@bronco7777 I agree as well about why not release the different trims to those early reservation holders for Extreme and Ultra. I am thinking their is nothing cosmetically different between them except for maybe wheels and tires. Which means the difference is mostly all software which is done with software updates or limited by a software update. So I understand the need to sell the more expensive cars first but however, I think those first 40k reservation holders should be able to get what ever trim they would like to have and at the cheaper price point. I use to be a 2019 reservation holder but cancelled it in 2020 when they postponed the delivery and extra year which thru it off when my lease would be up so I just recently re did my reservation again so I know im on the newer reservation side that will be paying the higher price for the vehicle.



PS. On a side note and this will be only time I bring this up in this thread Anyone see that GM will be revealing the Equinox EV next month. I know I will take a look at it and they saying with the Ultimum batteries it should do over 300+ miles. Someone posted that they saw at 50% SOC it was showing 235.

It's actually the Blazer SS EV that's being shown on July 18th, not the Equinox.

 

[FutureSurfer]

It's actually the Blazer SS EV that's being shown on July 18th, not the Equinox.

PS. On a side note and this will be only time I bring this up in this thread Anyone see that GM will be revealing the Equinox EV next month. I know I will take a look at it and they saying with the Ultimum batteries it should do over 300+ miles. Someone posted that they saw at 50% SOC it was showing 235.

I really like the design and what I have seen on features from the Equinox and Blazer. My real concern with pursuing these vehicles is the dealer involvement. They are going to be low production, reservations are going to get blown out in "minutes", and the dealers are going to gouge (at least in my area). On top of that there is no tax credit or compelling lease option, these will actually end up costing much more than an Ocean...

 

[Heynowirv]

Yeah, to be honest all the vagueness is kind of annoying. I'm still on the fence about whether I get a One/Extreme (basically the same thing) or an Ultra. But if I decide on an Ultra with added extras, will I still keep my place in line? Or will they let other Extreme holders behind me jump the line? Never have I seen a straight answer on that. I totally get the strategy behind producing the Extremes first. But in my opinion you reward those reservation holders that took the plunge and a leap of faith with you from the very beginning. By that I mean you reward those first 25,000 or 30,000 reservation holders by allowing them to select and get the trim they want at their respective spot in line. Without making them wait or get pushed back into a limbo of doubt regarding if they will get their car before 2024 without a price hike. To take things further, if you are not only a reservation holder but also a shareholder you should be able to order an Ultra even at the very beginning (by beginning I mean right after the One's are sold). I'm a shareholder. Plus I got in so early on reservations that at that time, you didn't even have trim levels or pricing tiers to choose from. I'm actually in a spot where I might have a shot at a One depending on what plays out in front of my spot in line. However, the solar roof isn't really a big deal to me and most every other feature I could want can be added. So it would suck that I got in line early when most were still questioning what to make of this company (which had failed in the past) and I invested in them with shares and then I get shafted if my turn comes up to order and I'm told I have to wait till maybe late Q4'23 or early Q1'24 to get an Ultra. Oh an by the way, they might jack the price up on you as well. Yeah, once again I know the explanation behind doing Extreme only orders first. So no one has to explain that again. Obviously money and greed rules everything. But IMO for reservation/share holders in my position, when the call comes to order it should go something like this: Fisker: "Hello mister reservation holder. Thank you for being one of the first to reserve with Fisker and thank you for investing in shares with us. What trim would you like to order? Reservation Holder: I think I want the Ultra with these add-ons. Fisker: Okay thank you, we will keep your place in line and honor that Ultra request amongst the Extreme orders slated to be delivered first. You can expect to receive your Ultra sometime within the first 6 months of 2023. It's over simplified but something along those lines is the right thing to do IMO.

I soo agree with you. I'm probably around 20,000 in line and also a shareholder as well. It would really suck to have to wait till 2024 in my opinion.

 

[anraganjr]

I really like the design and what I have seen on features from the Equinox and Blazer. My real concern with pursuing these vehicles is the dealer involvement. They are going to be low production, reservations are going to get blown out in "minutes", and the dealers are going to gouge (at least in my area). On top of that there is no tax credit or compelling lease option, these will actually end up costing much more than an Ocean...

Hopefully we'll have pricing on the 18th as well, but I'm hoping it will come with more standard items and still be less than the Ocean. And we should be able to get Super Cruise as well. My local dealer has already confirmed in writing no gouging. The tax credit would be nice, but not a deal breaker for me anymore. I'm thinking I can get the Blazer before I get the Ocean (Ultra) even with a Nov '19 reservation the way things are going. At this point, I'm not confident that the UI issue is going to be resolved by SOP.

 

[FutureSurfer]

Hopefully we'll have pricing on the 18th as well, but I'm hoping it will come with more standard items and still be less than the Ocean. And we should be able to get Super Cruise as well. My local dealer has already confirmed in writing no gouging. The tax credit would be nice, but not a deal breaker for me anymore. I'm thinking I can get the Blazer before I get the Ocean (Ultra) even with a Nov '19 reservation the way things are going. At this point, I'm not confident that the UI issue is going to be resolved by SOP.

The UI being delayed is certainly not encouraging considering that, besides the design, it is the one thing they are doing in-house. For Fisker having this asset-light philosophy, you would think they would just go the Polestar route and leverage Android Auto for a full interface (and I am an Apple user). They can then just add Apple CarPlay 2.0 sometime in early 2023 (again just like Polestar). This approach seems to be universally approved by Polestar users as well.

Hard to say on Blazer availability. Considering the Lyric "sold out" in like 18 minutes or something, you better be refreshing that page when it comes time! Even if you are in the first wave, I am betting for late 2023 availability. And for the Lyric they are not doing the AWD version yet if I read correctly. So you may have to make some serious compromises in performance and features to get an early Blazer.

 

[anraganjr]

The UI being delayed is certainly not encouraging considering that, besides the design, it is the one thing they are doing in-house. For Fisker having this asset-light philosophy, you would think they would just go the Polestar route and leverage Android Auto for a full interface (and I am an Apple user). They can then just add Apple CarPlay 2.0 sometime in early 2023 (again just like Polestar). This approach seems to be universally approved by Polestar users as well.

Hard to say on Blazer availability. Considering the Lyric "sold out" in like 18 minutes or something, you better be refreshing that page when it comes time! Even if you are in the first wave, I am betting for late 2023 availability. And for the Lyric they are not doing the AWD version yet if I read correctly. So you may have to make some serious compromises in performance and features to get an early Blazer.

Lyriq AWD is available for pre-order but production is slated for early next year I believe..........I think it's the same or close drivetrain the Blazer SS will have. We'll see hopefully in a month with the unveiling. I'll definitely be hitting the refresh button. I'm wondering if it will go 'live' before the event, during or not til after. I've also got my dealer line that I'm talking to and going to see about placing an in-person reservation with him once they accept them. As for late 2023 delivery, that's what it's sounding like for the Ultras too. We'll see what happens down the road though.