Will Fisker’s New Electric SUV Challenge Tesla, Or Will It Face Another Bankruptcy?
The all-electric Model X SUV by Tesla (NASDAQ: TSLA), debuted in 2015, is still America's No. 1 seller when it comes to electric sport-utility vehicles.
However, the Model X may soon face a challenger. Henrik Fisker, an electric vehicle entrepreneur, is back with another project. The Fisker Ocean, an all-electric SUV, throws down a budget-friendly gauntlet to the Model X with a price tag half of the Tesla SUV's base price. It also boasts a slew of eco-sensitive features for drivers yearning to save the planet while enjoying a sweet new ride. Should Tesla -- and Tesla investors-- worry about the upcoming massive price undercut, or does Elon Musk still have a lockdown on the electric SUV market whatever Fisker offers?
On the surface, Fisker's newly unveiled Ocean SUV looks like a strong contender against the Model X. Touted as the "world's most sustainable vehicle," the Ocean features a solar panel roof that, the company claims, provides 1,000 miles' worth of charging annually.
Source Fool.com