I look at another hot SPAC called Spartan Energy Acquisition Corp ($SPAQ, $SPAQ.U, $SPAQ.WS), which just announced it is acquiring Fisker, Inc.! Fisker, Inc. is again led by Henrik Fisker, legendary automotive designer, trying yet again to bring a mass-market electric vehicle to the United States and compete with Tesla and other EV manufactures like Rivian. I take a look at the electric vehicle industry, give my thoughts on if Fisker can be successful in the market, and run some financial analysis on whether or not you should buy or invest in the stock! Finally, I compare Fisker’s valuation to the big EV daddy, Tesla ($TSLA)!
Please remember that these pre-revenue companies are extremely speculative! This is all my opinions and analysis, not advice!