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Fisker was soon in damage control mode as its stock price plummeted by 50% shortly after the review aired. Compounding the company's problems, the Fisker Ocean could not receive over-the-air updates, requiring customers to visit a dealership for software fixes – a significant setback for a tech-driven automobile.
In a desperate bid for redemption, Fisker invited Marques to review a revised version of the Ocean after a software update, but that too fell short of resolving existing issues. Despite minor improvements, the company continued to bleed money, ultimately filing for bankruptcy on June 18, 2024, just three months after the second review.