says Fisker hopes to hit this relatively affordable price point by producing the PEAR in large quantities and with a simplified design process that it says results in it needing 35 percent fewer parts than comparable models. It features a so-called “Houdini Trunk” that slides down into the rear bumper to be more space efficient in cramped parking spots, an option to have a bench seat in in front so it can seat up to six people, and a front trunk that slides out from behind the grille.
If you think Product Vision Day would help the company’s stock price, investors are getting weary of the dog and pony shows manufacturers like to put on from time to time. All the good news came to naught as the word on production cuts resulted in a 6% drop in the company’s stock price after the event.Henrik Fisker may be confident the memorandum of understanding he signed in 2021 to build the PEAR at Lordstown is moving forward, butis skeptical.
During the Q2 earnings call on Friday he said, “The PEAR will be built here, [in the U.S.], but we are still in final talks with Foxconn. When you deal with contract manufacturing, it’s a little different because you have to go through all the details of each vehicle to understand the exact cost of assembly.” He added that he expects the deal to be finalized in the next three months.The images from the Fisker Product Vision Day are intriguing.