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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Henrik Fisker

Henrik Fisker Announces ‘Mass Market’ Electric SUV

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Emily Price
Emily Price
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Emily Price
Emily Price
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March 18, 2019, 4:14 PM ET
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Fisker has plans to launch an all-electric SUV to compete with Tesla’s new Model Y. The vehicle will have a range of “close to 300 miles” and according to the company, the vehicle will start at less than $40,000.

While no official release date has been announced, the SUV is expected to launch during the second half of 2021 and be one of three mass-market vehicles created by the company. The vehicle is expected to have a battery pack with at least 80kWh of capacity and will be available in single or dual motor configurations, The Verge reports.

The 300-mile range also applies to the entry-level model of the vehicle, suggesting that longer-range versions of the vehicle might be available.

https://twitter.com/henrikfisker/status/1107625124608376832

Fisker, which is led by famed car designer Henrik Fisker who designed the BMW Z8 and the Aston Martin DB9, has yet to launch an all-electric vehicle. He tweeted the news about the EV SUV on Monday after teasing about it over the weekend.

Fisker’s first EV, a luxury sedan called EMotion, was originally set to ship at the end of this year or early 2020 but has been delayed until after the launch of the new SUV. A near-final version of the vehicle was shown off during the Consumer Electronics Show in Las Vegas in January 2018.

Tesla’s Model Y is expected to have a starting price of $39,000 and start shipping next year, with pre-orders potentially starting later this year.

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