Fisker Inc. slashes Ocean SUV EV prices as insolvency looms

The whole drama with Fisker Inc. struggling to stay afloat in the competitive automotive world of today seems to be closing in on a grand finale.

The U.S.-based carmaker had its shares delisted after they dropped more than 30% in a day and to one-tenth of their starting value in a month. The negotiations with a major car brand (rumored to be Nissan) seemingly went nowhere, and Fisker is in a dire need for cash flow to resume.

This is why right now, the company’s Ocean SUV is the cheapest electric car in North America with a starting price of $25,000 (down from $39,000). That almost makes it an attractive investment if you ignore the fact that it looks like a pre-liquidation sale.