Comparing the companies Fisker and Tesla, both media darling juggernauts of the electric-car world, is like comparing the heroes Goofus and Gallant, the moral heroes of pediatric dentist’s office staple Highlights magazine. Tesla delivers the Model S on time, making good on a bet; Fisker keeps running out of money, its celebrity owners go on car chases. Both companies have their problems, it just seems that Fisker’s are doggedly shadowed by much more dramatic ones, the sort that involve car fires and three CEOs in a year. The poor company just can’t seem to catch a break.
Even now, it’s received some good news: the company has received a cash injection of $100 million from private investors, which will give Fisker $1.2 billion to use towards developing its smaller brother to the Karma, the Atlantic. The money will also go towards paying off its loan to the Department of Energy—an issue Tesla recently wrangled with, as well—which it had to renegotiate with after its supply of funding from the federal government was cut off. This will hopefully allow Fisker to meet the $529 million total it’s been earmarked from the government, and work out its plans for American production at a closed GM plant in Delaware, plans which stalled this February. Fisker has already sold 1,500 Karmas around the world, and at least one of its owners is already investing back into the company.
But like we said, Fisker can’t catch a break. Just as this was happening, the stalwart champions at Consumer Reports gave the Karma a capital-F Failing grade—which, honestly, really isn’t a surprise. Consumer Reports editors hated the Karma so much they even issued a press release about how much they hate it. Maybe Fisker can use some of that $100 million to offer up a new slogan: “The Karma: the car so bad it gave a Consumer Reports editor an aneurysm!”