Cristian Fleming paid around $70,000 for his dream car, a Fisker Ocean. He was drawn to the new EV's 350-mile range, eco-friendly image, and quirky features like "California Modes," which rolls down nearly every window at once.

"I've always bought my cars because I love the way they look," Fleming says. "That's probably my first mistake."

But his joy soon turned sour. In June 2024, seven months after Fleming's purchase, Fisker collapsed into bankruptcy, having only delivered 11,000 vehicles.

Early adopters were left with cars plagued by battery failures, glitchy software, inconsistent key fobs, and door handles that did not always open. …

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