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Fisker turns to extreme markdowns to stave off bankruptcy.

The struggling EV company slashed the price of the Ocean, its only model, by nearly 40 percent, to $37,499 — as it looks for a miracle to avoid going out of business. Fisker is in the process of being delisted from the New York Stock Exchange for failure to keep its share price above $1. And it paused production of the Ocean in order to focus on fundraising. Fisker always promised it would be a mass-market EV company. But I doubt this is how they wanted it to happen.

Of course, this is the EV that MKBHD called “the worst” car he’d ever reviewed.