Pre-order to Order conversion

I assumed when they asked for $5k non-refundable that they pretty much identified "real" orders. They have a queue if people cancel their orders.

@ttrinchi
There are 2 sides to a commitment.  Fisker and I agreed that they would deliver a Fisker Ocean One to me for approximately $69,000 plus destination charges and I agreed to buy the Ocean.  I backed up my commitment with $5,000 which I fully understood was non-refundable.  Fisker seems to be close enough to delivery within a reasonable time of their original dates that the agreement seems reasonable.

Rivian and Ford have dramatically raised prices on their EVs with many customers going ballistic. Rivian pulled back some on price increases for those with firm orders.  I’m not sure about Ford’s customers who had a firm contract for the F150 Lightning.  We will see, but I’m still rather confident that Fisker’s asset light model with an experienced manufacturer building the Ocean will allow them to deliver a quality product much closer to on-time than competitors who are starting from scratch.  Full disclosure, I’m long Fisker, Rivian and Magna stock.

When we all payed out our $5,000 none of us knew (or know now) whether the Ocean One we buy will be worth $100,000 or $50,000 a year from now.  Just as I didn’t know what my return would be anytime I bought stock.

My largest Fisker related investments are the Ocean One and stock.  I also have orders for an Ultra and PEAR. There’s very limited risk with those and I can walk away if they don’t make sense.

 I’m just trying to put things in perspective.

I’m Irv in Virginia, paid my $5000 July 10, no sequence number yet, but did get the delivery location email this afternoon.

@ttrinchi Plenty who ordered the Extreme will jump ship for the One if given the opportunity.

There is a 1000 strong waiting list for the One so there is a trust factor in the quality and commitment for Henrik's vision and Magna's quality.

I put my trust in HF in February 2021 and I stand by my investment. I want Fisker to succeed and become a strong alternative to Tesla's dominance in the market with it's strong product line.

Another very likely reason Fisker absolutely cannot allow the $5,000 deposit to be refundable is the possible EV tax credit issue.  Still unresolved by U.S. Treasury Department, but I’m sure a strong argument for allowing those of us who paid FIRM non refundable $5000 contracts should be allowed to take the $7500 credit that was in effect in 2022 when we executed firm purchase contracts.  If Fisker allowed the $5,000 deposit to be refundable, it’s knocks a big hole in the 2022 contract argument.

There are also friendly nation, European allies who are pressing the U.S. to allow some transition period. 
I’m obviously hoping to get the $7500 tax credit for my Ocean 🌊 One, but it’s not a deal breaker for me.

Irv in VA, My23_Ocean

@my23_ocean The European thing was resolved with the Treasury Department's interpretation of commercial vehicles to include leasing companies. Any company can now get the full $7,500 credit on a lease vehicle regardless of country where it is built, battery materials, price of vehicle, or customer income level. 

@bayoubob From what I've read, if you lease a vehicle, the manufacturer/dealer gets the $7500 credit and its up to them to pass that down to the customer.  Most, if not all companies don't pass this down to the customer who leased the vehicle.