Fisker CEO on Winning Electric Vehicle Market Share with an Anti-Tesla Business Model

There’s a euphoric market for electric vehicles. New companies with small track records and giant ambitions are testing the waters of the stock market to raise funds and capitalize on the excitement. One of the emerging electric vehicle (EV) companies on investors’ radars is Fisker, which hopes to capture a significant share of the market with a business model far different from Tesla’s. Dion Rabouin, Host of Voices of Wall Street and Markets Editor at Axios, spoke with Henrik Fisker, founder and CEO of Fisker, about how the company plans to ramp up production at a faster rate than Tesla did, why it’s low pricing puts its Fisker Ocean SUV in a league of its own and how a Biden presidency impacts the electrification of the automobile industry. Episode Breakdown: 0:00 - Intro 0:35 - CEO discusses how business model differs from Tesla’s 4:08 - Company going public via SPAC deal On Oct. 30 6:23 - CEO explains strategy to go from $0 To $13B In revenue By 2025 9:49 - EV will debut in 2022 at price of $37,499 before tax incentives 11:30 - EV will debut in 2022, CEO expects production ramp to 50k in 2023 19:58 - President-elect Joe Biden plans to add at least 500,000 charging stations 25:29 - Outro Connect with Fisker Website: https://www.fiskerinc.com/ IG: https://www.instagram.com/fiskerinc/ Twitter: https://twitter.com/fiskerinc Connect with Henrik: Twitter: https://twitter.com/henrikfisker?lang=en LinkedIn: https://www.linkedin.com/in/henrikfiskerofficial/ Connect with Voices of Wall Street: https://twitter.com/VoicesofWallSt https://www.voicesofwallstreet.com/ https://www.youtube.com/channel/UCNXitUPWm2FPIRJYQaeRcjQ?view_as=subscriber . . Bullish is a conversation about money for the curious. Earn more, spend smarter and grow your money it a way that's right for you. Our FREE Weekly email will make you smarter with money - http://bullish.news/email Follow us https://twitter.com/Bullish https://www.instagram.com/bullish.news/