Fisker failed because it wasn't ready to be a car company

Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup's November 2022 start-of-production target was aggressive, but not impossible for a company like Magna, which builds vehicles for the likes of BMW. Most all of them told me about how the lack of preparedness ran deep and permeated almo ...