4 Big Questions Haunting EV Upstart Fisker

Much-admired car designer Henrik Fisker's talking a good game about Fisker (NYSE: FSR), his new electric vehicle company, and its upcoming all-electric SUV, the Fisker Ocean. But investors are still waiting for some substance to go with Fisker's style. Until we get some crucial and still-missing information about four big questions, anyone considering Fisker shares might have good reason to hit the brakes.

Fisker's designed a bevy of beautiful vehicles, including the early 2000s BMW Z8 roadster, the Aston Martin Volante, and his namesake electric sports car, the Fisker Karma. That track record has enticed potential buyers to fork over $250 just to hold a place in line to buy a sleek, enticing Fisker Ocean.

But how many potential buyers are there? Fisker Automotive hasn't released actual numbers of Ocean reservations. On June 8, Fisker told investors that his goal by end of this year is to have 25,000 reservations, or $925 million in potential sales. "My goal is by end of next year is to have at least 50,000 reservations," he added. "That means we should be sold out for the year 2023. So that's the goal we have set ourselves." If all goes according to plan, that's about $2 billion in sales.

Source Fool.com