{"id":2099,"date":"2013-04-27T11:20:34","date_gmt":"2013-04-27T18:20:34","guid":{"rendered":"http:\/\/www.teslarati.com\/?p=2099"},"modified":"2025-03-06T10:30:16","modified_gmt":"2025-03-06T18:30:16","slug":"us-government-seizes-fiskers-cash-reserve","status":"publish","type":"post","link":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/","title":{"rendered":"US Government Seizes Fisker’s Cash Reserve"},"content":{"rendered":"

\u00a0<\/span>Weak Fisker:<\/strong>\u00a0On April 11 the federal government seized $21 million from the company\u2019s cash reserves.\u00a0Image: Flickr\/Fisker Auto<\/span><\/h1>\n
\n
\n

U.S. electric car pioneer Fisker Automotive once\u00a0<\/strong>posted a manifesto on its Web site: \u201cNew isn\u2019t easy.\u201d Not for them, it wasn\u2019t. Now their site is defunct and the company is scrambling to find a funder or face bankruptcy.<\/p>\n

An electric car company buoyed by federal dollars\u00a0<\/strong>in 2010,\u00a0<\/strong>Fisker has now been crippled by supply chain and other problems, and joined legions of start-ups that get dragged down by technical glitches and financial woes. The capital backing from taxpayers caused a dustup that has kept Fisker in the limelight.<\/p>\n

The greater question now is whether Fisker\u2019s crash will have repercussions for the electric vehicle industry, which has seen\u00a0some sales successes<\/a>\u00a0with Tesla\u2019s Model S in recent months but largely remains unrealized.<\/p>\n

Rewind to just a few years ago when the future for electric vehicles looked promising. In 2010 the Nissan Leaf and Chevrolet Volt hit the road. Gas prices were rising and Pres. Barack Obama pledged to put one million electric vehicles on the road by 2015. With climate change legislation on the table in Congress as well, the EV market seemed primed for an upswing.<\/p>\n

Enter Fisker, whose electric sports sedan Karma rolled into showrooms in 2011\u00a0<\/strong>amid fanfare.\u00a0<\/strong>TIME<\/em>\u00a0listed it as one of the 50 best inventions of 2011. The Anaheim, Calif.\u2013based\u00a0<\/strong>company netted a $529 million government-backed loan to help fuel its efforts. In recent years it reportedly raised $1 billion more in private funds.<\/p>\n

But things started to fall apart. Its lone battery supplier, A123 Systems,\u00a0<\/strong>floundered and eventually went bankrupt\u2014a significant blow when as much as half of electric cars\u2019 price tag comes from that piece of technology. Karma\u00a0had to halt production. The U.S. Department of Energy (DoE) froze Fisker\u2019s loan at $192 million in June 2011. A flawed cooling fan was also linked to a fire in 2012, prompting recalls.\u00a0 In October Hurricane Sandy destroyed several hundred Karmas waiting for shipment at Port Newark, N.J. Fisker\u2019s founder left last month, leaving the company to contemplate its next steps. This month it laid off the majority of its employees. It is also reportedly being sued by a\u00a0Web designer<\/a>,\u00a0an investor<\/a>\u00a0and some\u00a0former employees<\/a>.<\/p>\n

And the hits keep on coming: On April 11 the federal government seized $21 million from the company\u2019s cash reserves. Fisker did not respond to a request from\u00a0Scientific American<\/em>\u00a0for comment on this story.<\/p>\n

Republican lawmakers blasted the company at a House Subcommittee on Economic Growth, Job Creation and Regulatory Affairs<\/strong>hearing on Wednesday, accusing Fisker of profiting from close connections with the Obama administration. But lawmakers saved most of their fire for the DoE, blaming it for continuing to dole out funds when some lawmakers believe there were early indications the company was not delivering on its product. \u201cThe real issue here\u2026is the government shouldn\u2019t be in this business of actually trying to be a venture capitalist. The government is a very poor venture capitalist,\u201d said Rep. Patrick McHenry (R\u2013N.C.). \u201cWe lose taxpayer dollars, and when we lose taxpayer dollars it outrages the public.\u201d\u00a0<\/strong>Armed with private e-mail correspondence House Republicans obtained between the company, DoE and related consultants, it tried to pin down who knew what and when.<\/p>\n<\/div>\n

\n

Henrik Fisker, the company\u2019s former chairman and founder, told House lawmakers that strategic financing at this stage could still allow the company to rebound. In any case, Fisker\u2019s bevy of problems are unique to the company and do not reflect the electric vehicle landscape, says Alan Baum, a Michigan-based analyst specializing in the automotive industry. Start-up car companies\u2014electric or not\u2014 often fail, he said.<\/p>\n

The real next steps in the industry will come from the larger auto companies such as General Motors, Ford, Toyota, Nissan, Mercedes, Honda, Mitsubishi and BMW. \u201cAll those automakers I mentioned have vehicles in the pipeline that will debut in then next two or three years if they have not yet,\u201d Baum says. \u201cMajor carmakers know with electric vehicles you can\u2019t just sit on the sidelines.\u201d<\/p>\n

Navigant Research predicted this month that a total of 21.9 million electric vehicles (both all-electric and plug-in hybrids) will be sold worldwide between 2012 and 2020.\u00a0<\/strong>Its forecasts suggest a fraction\u2014368,000\u2014will be sold in the U.S.; and only\u00a0<\/strong>107,000 would be all-electric vehicles (instead of plug-ins). That means that in seven years electric vehicles are expected to comprise only a sliver of the anticipated U.S. car market in 2020\u2014roughly 2 percent, says Dave Hurst, a principal research analyst with Navigant. It will be an uphill climb, Navigant\u2019s researchers expect about 71,800 electric vehicles to sell in the U.S. this year, 17,300 of which would be\u00a0<\/strong>all-electric vehicles.<\/p>\n

One issue is cost. Even with up to\u00a0$7,500 in federal tax credits<\/a>, electric vehicle prices can be steep. Without the credits, Karma\u2019s sticker price was in the six-figures. Tesla\u2019s top-of-the-line Model S costs $95,000. The Chevy Volt sells for about $40,000 and the Ford Fusion Energi rings in at $39,000. The price for the Nissan Leaf, which recently moved its manufacturing operations to the U.S., has dropped to around $29,000.<\/p>\n

Finding an advanced battery that comes in the perfect package\u2014high in energy density, small in size and lower in price\u2014remains one of the largest hurdles to getting more electric vehicles on the road. \u201cIf we want to change things dramatically in the next 10 years we have to find a new material set\u2014a new cathode\u2013anode electrolyte set that will hopefully decrease the cost and increase energy density,\u201d says Venkat Srinivasan, deputy director of the Joint Center for Energy Storage Research (JCESR). \u201cIf we can achieve that something dramatic would happen and significantly change the penetration curve.\u201d\u00a0JCESR<\/a>, an \u201cadvanced battery hub,\u201d was established in 2012 at DoE\u2019s Argonne National Laboratory outside Chicago with the far-reaching goal of finding batteries with five times the current\u00a0<\/strong>energy storage at one fifth the price in five years.<\/p>\n

On the research side, federal loans from the Advanced Technology Vehicles Manufacturing Loan program (ATVM) have also supported other electric vehicle options, including Tesla, which\u00a0received $465 million from DoE<\/a>\u00a0in 2010\u00a0<\/strong>and has said it expects to repay its loan five years early. Under this loan program, established under the George W. Bush administration, DoE also cut Ford a check for $5.9 billion to upgrade and modernize factories that produce vehicles including the Focus, Escape and Fusion. To Nissan, ATVM gave a loan for $1.4 billion to support the Leaf. And the Vehicle Production Group, LLC, received a $50-million loan to develop a wheelchair-accessible vehicle that will run on compressed natural gas. \u201cTo date, DoE has committed and closed five ATVM loans, totaling $8.4 billion, to auto manufacturers large and small who are adopting cutting-edge technologies and deploying them into the market,\u201d Nicholas Whitcombe, former acting director of the ATVM program at DoE, told lawmakers Wednesday.<\/p>\n<\/div>\n

\n

But the same problems continue to plague the electric vehicle industry year after year: the need for a battery that is long on power and short on cost; and a public that still feels uneasy about purchasing electric vehicles. So much of the future for electric vehicles also remains murky because it is difficult to predict gas prices. Navigant\u2019s forecast for 2020 assumes that fuel prices continue to climb around 7 percent per year, electric vehicle costs come down and government incentives to buy electric vehicles stay in place for consumers. That\u2019s a lot of what-ifs.<\/p>\n

In the coming years there may be a host of experimentation with electric vehicles\u2014inclusive of testing different products under the hood but also different types of cars with more spacious backseats and trunk space. \u201cEvery major automaker is going to be offering one or several models, and they come in at different price points and configurations,\u201d says Genevieve Cullen, vice president of the Electric Drive\u00a0Transportation<\/a>\u00a0Association.<\/p>\n

In Europe several companies have tried to lower the price of purchasing an electric vehicle by allowing consumers to buy the car but lease the battery. That has not yet caught on in the U.S. but smart USA plans to offer it to U.S customers for the first time when its smart fortwo Electric Drive is released in May. Whereas leasing batteries could lower risks and costs, consumers still might balk. \u201cIt\u2019s like buying a car without an engine and then leasing the engine,\u201d Navigant\u2019s Hurst noted.<\/p>\n

\u201cIt\u2019s a fantastic idea in some ways,\u201d JCESR\u2019s Srinivasan says. \u201cWhat you\u2019re telling consumers is don\u2019t worry about the battery and how long it will last and how much it will cost.\u201d<\/p>\n

Leasing batteries is just one business model approach, Cullen says. Some carmakers are also exploring how they could tap the batteries\u2019 remaining energy once their life in the car is over, she said. \u201cDiversity in the marketplace will be an enormous step in growing this market.\u201d<\/p>\n

Click here to view original web page at www.scientificamerican.com<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0Weak Fisker:\u00a0On April 11 the federal government seized $21 million from the company\u2019s cash reserves.\u00a0Image: Flickr\/Fisker Auto U.S. electric car pioneer Fisker Automotive once\u00a0posted a manifesto on its Web site: \u201cNew isn\u2019t easy.\u201d Not for them, it wasn\u2019t. Now their site is defunct and the company is scrambling to find a funder or face bankruptcy. […]<\/p>\n","protected":false},"author":310,"featured_media":10223,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nUS Government Seizes Fisker's Cash Reserve<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Government Seizes Fisker's Cash Reserve\" \/>\n<meta property=\"og:description\" content=\"\u00a0Weak Fisker:\u00a0On April 11 the federal government seized $21 million from the company\u2019s cash reserves.\u00a0Image: Flickr\/Fisker Auto U.S. electric car pioneer Fisker Automotive once\u00a0posted a manifesto on its Web site: \u201cNew isn\u2019t easy.\u201d Not for them, it wasn\u2019t. Now their site is defunct and the company is scrambling to find a funder or face bankruptcy. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\" \/>\n<meta property=\"og:site_name\" content=\"TESLARATI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Teslarati\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Teslarati\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-27T18:20:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-06T18:30:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1071\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Teslarati\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/teslarati\" \/>\n<meta name=\"twitter:site\" content=\"@teslarati\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Teslarati\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\"},\"author\":{\"name\":\"Teslarati\",\"@id\":\"https:\/\/www.teslarati.com\/#\/schema\/person\/13d206d30ddba2dc8baf17a23da5d3a4\"},\"headline\":\"US Government Seizes Fisker’s Cash Reserve\",\"datePublished\":\"2013-04-27T18:20:34+00:00\",\"dateModified\":\"2025-03-06T18:30:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\"},\"wordCount\":1509,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.teslarati.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\",\"url\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\",\"name\":\"US Government Seizes Fisker's Cash Reserve\",\"isPartOf\":{\"@id\":\"https:\/\/www.teslarati.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg\",\"datePublished\":\"2013-04-27T18:20:34+00:00\",\"dateModified\":\"2025-03-06T18:30:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage\",\"url\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg\",\"contentUrl\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg\",\"width\":1600,\"height\":1071},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.teslarati.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.teslarati.com\/category\/news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"US Government Seizes Fisker’s Cash Reserve\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.teslarati.com\/#website\",\"url\":\"https:\/\/www.teslarati.com\/\",\"name\":\"TESLARATI\",\"description\":\"Tesla news, rumors and reviews. SpaceX, Elon Musk, batteries, energy, premium EV market.\",\"publisher\":{\"@id\":\"https:\/\/www.teslarati.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.teslarati.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.teslarati.com\/#organization\",\"name\":\"TESLARATI\",\"url\":\"https:\/\/www.teslarati.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.teslarati.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2024\/11\/teslarati-leaf-logo-1.jpg\",\"contentUrl\":\"https:\/\/www.teslarati.com\/wp-content\/uploads\/2024\/11\/teslarati-leaf-logo-1.jpg\",\"width\":512,\"height\":512,\"caption\":\"TESLARATI\"},\"image\":{\"@id\":\"https:\/\/www.teslarati.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Teslarati\",\"https:\/\/x.com\/teslarati\",\"https:\/\/instagram.com\/teslarati\/\",\"https:\/\/www.pinterest.com\/teslarati\/\",\"https:\/\/www.youtube.com\/channel\/UCgY_B6vi2610bBkXFwCxcTg\",\"https:\/\/www.tiktok.com\/@teslarati\",\"https:\/\/www.linkedin.com\/company\/teslaratimedia\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.teslarati.com\/#\/schema\/person\/13d206d30ddba2dc8baf17a23da5d3a4\",\"name\":\"Teslarati\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.teslarati.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2535cf549d0b5ad31113c55e560533b7bf583b7bfc718e7ce50f4036b10829d8?s=96&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2535cf549d0b5ad31113c55e560533b7bf583b7bfc718e7ce50f4036b10829d8?s=96&r=pg\",\"caption\":\"Teslarati\"},\"sameAs\":[\"https:\/\/www.teslarati.com\",\"https:\/\/www.facebook.com\/Teslarati\/\",\"https:\/\/www.instagram.com\/teslarati\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/teslarati\"],\"url\":\"https:\/\/www.teslarati.com\/author\/teslarati-network\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US Government Seizes Fisker's Cash Reserve","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/","og_locale":"en_US","og_type":"article","og_title":"US Government Seizes Fisker's Cash Reserve","og_description":"\u00a0Weak Fisker:\u00a0On April 11 the federal government seized $21 million from the company\u2019s cash reserves.\u00a0Image: Flickr\/Fisker Auto U.S. electric car pioneer Fisker Automotive once\u00a0posted a manifesto on its Web site: \u201cNew isn\u2019t easy.\u201d Not for them, it wasn\u2019t. Now their site is defunct and the company is scrambling to find a funder or face bankruptcy. […]","og_url":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/","og_site_name":"TESLARATI","article_publisher":"https:\/\/www.facebook.com\/Teslarati","article_author":"https:\/\/www.facebook.com\/Teslarati\/","article_published_time":"2013-04-27T18:20:34+00:00","article_modified_time":"2025-03-06T18:30:16+00:00","og_image":[{"width":1600,"height":1071,"url":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg","type":"image\/jpeg"}],"author":"Teslarati","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/teslarati","twitter_site":"@teslarati","twitter_misc":{"Written by":"Teslarati","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#article","isPartOf":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/"},"author":{"name":"Teslarati","@id":"https:\/\/www.teslarati.com\/#\/schema\/person\/13d206d30ddba2dc8baf17a23da5d3a4"},"headline":"US Government Seizes Fisker’s Cash Reserve","datePublished":"2013-04-27T18:20:34+00:00","dateModified":"2025-03-06T18:30:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/"},"wordCount":1509,"commentCount":0,"publisher":{"@id":"https:\/\/www.teslarati.com\/#organization"},"image":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage"},"thumbnailUrl":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/","url":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/","name":"US Government Seizes Fisker's Cash Reserve","isPartOf":{"@id":"https:\/\/www.teslarati.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage"},"image":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage"},"thumbnailUrl":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg","datePublished":"2013-04-27T18:20:34+00:00","dateModified":"2025-03-06T18:30:16+00:00","breadcrumb":{"@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#primaryimage","url":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg","contentUrl":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2013\/04\/fisker-karma.jpg","width":1600,"height":1071},{"@type":"BreadcrumbList","@id":"https:\/\/www.teslarati.com\/us-government-seizes-fiskers-cash-reserve\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.teslarati.com\/"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/www.teslarati.com\/category\/news\/"},{"@type":"ListItem","position":3,"name":"US Government Seizes Fisker’s Cash Reserve"}]},{"@type":"WebSite","@id":"https:\/\/www.teslarati.com\/#website","url":"https:\/\/www.teslarati.com\/","name":"TESLARATI","description":"Tesla news, rumors and reviews. SpaceX, Elon Musk, batteries, energy, premium EV market.","publisher":{"@id":"https:\/\/www.teslarati.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.teslarati.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.teslarati.com\/#organization","name":"TESLARATI","url":"https:\/\/www.teslarati.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.teslarati.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2024\/11\/teslarati-leaf-logo-1.jpg","contentUrl":"https:\/\/www.teslarati.com\/wp-content\/uploads\/2024\/11\/teslarati-leaf-logo-1.jpg","width":512,"height":512,"caption":"TESLARATI"},"image":{"@id":"https:\/\/www.teslarati.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Teslarati","https:\/\/x.com\/teslarati","https:\/\/instagram.com\/teslarati\/","https:\/\/www.pinterest.com\/teslarati\/","https:\/\/www.youtube.com\/channel\/UCgY_B6vi2610bBkXFwCxcTg","https:\/\/www.tiktok.com\/@teslarati","https:\/\/www.linkedin.com\/company\/teslaratimedia"]},{"@type":"Person","@id":"https:\/\/www.teslarati.com\/#\/schema\/person\/13d206d30ddba2dc8baf17a23da5d3a4","name":"Teslarati","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.teslarati.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2535cf549d0b5ad31113c55e560533b7bf583b7bfc718e7ce50f4036b10829d8?s=96&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2535cf549d0b5ad31113c55e560533b7bf583b7bfc718e7ce50f4036b10829d8?s=96&r=pg","caption":"Teslarati"},"sameAs":["https:\/\/www.teslarati.com","https:\/\/www.facebook.com\/Teslarati\/","https:\/\/www.instagram.com\/teslarati\/","https:\/\/x.com\/https:\/\/twitter.com\/teslarati"],"url":"https:\/\/www.teslarati.com\/author\/teslarati-network\/"}]}},"_links":{"self":[{"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/posts\/2099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/users\/310"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/comments?post=2099"}],"version-history":[{"count":4,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/posts\/2099\/revisions"}],"predecessor-version":[{"id":10224,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/posts\/2099\/revisions\/10224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/media\/10223"}],"wp:attachment":[{"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/media?parent=2099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/categories?post=2099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teslarati.com\/wp-json\/wp\/v2\/tags?post=2099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}