SPAQ Spartan Dump Worth The Drama Or Just The Pumpdie Dumpties?
Or was it Henrik’s Fiskers Falt
Lets Take A Look At The SEC filling Shall We?
And fourth, commitment. We find that consumers are increasingly striving to achieve less commitment when it comes to their vehicle. Our innovative flexible lease model is very unique. This commercial model allows for the consumer to make a modest down payment on a car, followed by typical monthly payments. The consumer then has the ability to turn in the car in whatever timeframe he or she would like–they could keep the car for a month or for years. The car will be under full warranty and refurbished as necessary when returned, and then redeployed to another customer at a slightly lower price. This cycle will repeat over an 8-year period, allowing us to maximize vehicle economics, while delivering unrivaled consumer flexibility.
To elaborate – we are looking for like-minded, large OEMs that share our views on how the market is evolving, and as such, are willing to provide a fully developed platform, or skateboard, on which we can build our vehicle with our own Fisker software and other consumer facing features both in the interior and on the exterior. Platform sharing is about risk mitigation, cost optimization and being faster to market. With an established OEM, experienced and precision engineering is world class from day one and the learning curve for the total enterprise is reduced by orders of magnitude, resulting in high quality assembled cars.
Further, today, the automotive production industry suffers from an estimated 20% overcapacity. Specifically, we estimate that the industry has the capacity to produce approximately 100 million vehicles today versus current production of around 80 million. It is with this in mind that we have decided to seek out a partnership with an existing manufacturer rather than adding additional production capacity. This approach lowers our upfront costs, while also supporting our ESG mission by reducing the carbon footprint of our operations.
Ultimately, by seeking out a partner that will provide a developed platform, we will accomplish an asset light model that is not heavily vertically-integrated, and which we believe is substantially de-risked. As such, we can focus exclusively on innovation in consumer-facing areas of the car, which are software, sustainability and a highly emotional design.
Interest in the Fisker Ocean has been growing quickly. Per our latest update, we have received more than 31,000 indications of interest and more than 7,000 pre-reservations. And, reservations keep coming in every day. We are incredibly excited to see such rapid growth in interest for the Fisker Ocean.
In short, we have and continue to gain amazing traction. We are also expanding our team at a pace necessary to achieve our continued growth, hiring at least 5 new colleagues every week, with a focus on adding to our team of highly skilled software engineers. To this point, our already established virtual innovation lab in Silicon Valley has a growing team of software engineers already hard at work on the Fisker program.
We also recently announced our portfolio expansion plan, which calls for us to have four vehicles in production by 2025. In addition to the Ocean SUV, we will be rolling out a super-sports sedan based on the EMotion concept, a sports crossover, and a pickup truck. We are excited to bring you more news on these developments as they evolve.
It is also a reality when working with world-class partners that they might not move at our speed. This is something of which we must be respectful. To this point, we have not achieved our goal of signing a cornerstone agreement with VW by the end of July 2020 as we previously anticipated. We look forward to continuing discussions with VW again in September after the traditional European summer holidays. We remain in conversation with several other potential OEMs and suppliers that would be able to fit within our unique business model and we believe will enable us to enter into definitive manufacturing and supply agreements before year-end.
We look forward to completing this transaction with Spartan and Apollo and transitioning to the public markets as the world’s first digital car company. Thank you.
What Stocks I Bought For August Gainz:
AGQ ProShares Ultra Silver:seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Silver SubindexSM. Up 114.08% in the last 3 months
This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.
FTAC FinTech Acquisition Corp III
Paya Inc is nearing a deal to merge with blank-check acquisition company FinTech Acquisition Corp III (FTAC.O) which could value the U.S. payments solutions provider at around $1.3 billion, including debt, according to people familiar with the matter.
Paya now serves more than 100,000 customers, mostly small and medium-sized enterprises across the United States and Canada.
They also have a “Mission Pay,” platform called “Stewerdship.” Which helps non profits or missions get money digitally. They also have Gift/Loyalty solutions.
Silver Only For USA Subscribers and No Military Bases
I am working on a top 5 SPACs to buy Video This Weekend, Which Ones Do You Think Should Be Included and Why?