Elon Musk Throws Shade At Henrik Fisker Over Something He Did To Tesla 15 Years Ago: 'Karma Is A ...'

Adam Eckert

September 28, 2022

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has thrown more fuel on his fiery rivalry with Fisker Inc (NYSE:FSR) CEO Henrik Fisker.

What Happened: A new Teslarati report indicated DeLorean executives are being sued by Karma for pursuing a separate venture. In response to the article, which was shared on Twitter, Musk called out the Fisker CEO for doing the same thing to Tesla 15 years ago.

"How ironic, that’s what Henrik Fisker did to Tesla in 2007! Karma is a …," Musk said Wednesday via tweet.

Karma filed a lawsuit against DeLorean executives last month. The company claimed a group of former employees were told to find investors for electric vehicle development, but instead pursued outside ventures. The executives maintained they were allowed to establish a new company as needed.

Why It Matters: In 2007, Fisker was contracted by Tesla to help design the Model S, but he left the EV company to design the Fisker Karma hybrid sports vehicle shortly after collaborating with Tesla, per InsideEVs.

Tesla got rid of Fisker's work and started over when it learned that Fisker was launching a competing company. Tesla then hit Fisker with a lawsuit, claiming he stole confidential information, but Fisker won the case in arbitration.

He went on to launch Fisker Automotive before filing for bankruptcy in 2013. The company's assets were purchased by Wanxiang Group in 2014 before being renamed Karma Automotive. Fisker's design remains on the market today as the Karma GS-6.

Fifteen years after the lawsuit, tensions are still high. When Musk announced that he planned to buy Twitter Inc (NYSE:TWTR) in a $44 billion deal, Fisker deleted his Twitter account, saying he didn't want his free speech to be controlled by a competitor.

Fisker Inc, which launched in 2016 and went public via SPAC in 2020, plans to start production of its flagship Ocean SUV in November.

Tesla delivered 254,695 vehicles in the company's most recent quarter and expects to deliver a "very high volume" of vehicles near the end of the current quarter.

Related Link: Cathie Wood's Confidence In Tesla 'Couldn't Be Higher,' Says Elon Musk-Led Automaker Sits In 'Driver's Seat' Of EV Boom

FSR, TSLA Price Action: Fisker closed Wednesday up 1.50% at $8.10 and Tesla closed up 10.51% at $287.81.

Photo: Henrik Fisker, Fisker Inc; Elon Musk, Daniel Oberhaus, Flickr Creative Commons

Recommended

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

One Coin to Rule Them All... - Ad

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

NEW YORK (AP) — Macy's said Wednesday it has named two independent directors to its board that were pushed by activist investor Arkhouse Management, ending a proxy fight that aimed to replace most of the board and to acquire the iconic chain.

Donald Trump Could Still Win Even If He Loses In Supreme Court Over Presidential Immunity Claim

Former President Donald Trump could see a strategic victory in his Supreme Court case, even if the court dismisses his claim regarding presidential immunity.

America's Cash Bubble Set to Burst on May 1, 2024

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

8 years after the National Enquirer's deal with Donald Trump, the iconic tabloid is limping badly

NEW YORK (AP) — Catch and kill. Checkbook journalism. Secret deals. Friends helping friends.

Top 3 Tech Stocks That Could Lead To Your Biggest Gains In April

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16

Buy This A.I. Stock Before Elon's "A.I. Day" on May 16 - Ad

Luke Lango is now recommending this little-known A.I. stock because it could supply Elon Musk with a critical piece of infrastructure for his new A.I. venture, something Luke is calling "Elon's A.I. 2.0". Once Elon reveals it on May 16, you may have missed the biggest gains.

Courtroom Appearances By These Two Members Of Donald Trump's Family Could Help Him In Hush-Money Trial, Say Experts

As former President Donald Trump faces a hush-money trial, legal experts suggest that the presence of his wife, former First Lady Melania Trump, and daughter, Ivanka Trump, could significantly influence t

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Chinese ship remains prime suspect in damage to Baltic Sea gas pipeline that reopened this week

HELSINKI (AP) — A Chinese container ship remains the prime suspect in causing damage last year to a between NATO members Finland and Estonia, Finnish investigators said Thursday.

Trump vs. Biden: Nationwide Poll Shows Key Issue Decidedly Tilts Equation In Favor Of One Candidate

Even though the economy has been relatively stable despite challenges, voters remain unconvinced about the Biden administration's performance.

Jeff Bezos' Next Trillion Dollar Bet (shocking)

Jeff Bezos' Next Trillion Dollar Bet (shocking) - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Cathie Wood's Ark Buys Roku, Palantir And $1M Worth Of Stock In This Healthcare Company

Roku is the third biggest holding of Ark's flagship ARKK exchange-traded fund.

Kentucky governor announces lottery to award initial round of medical cannabis business licenses

FRANKFORT, Ky. (AP) — Kentucky will use a lottery system to award an initial round of licenses to businesses competing to participate in the state's startup medical cannabis program, Gov. Andy Beshear announced Thursday.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin]

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Cathie Wood's Ark Invest Sells $20M+ Coinbase Shares As Bitcoin Trades Over $70K, Buys Palantir, Sells Nvidia Stock

On Thursday, Cathie Wood’s Ark Invest made significant trades involving Coinbase Global, Inc. (NASDAQ:COIN), Palantir Technologies Inc. (NYSE:PLTR), and Nvidia Corp.

Netflix Stock Sized Up By 7 Analysts Post Q1 Results: 'Pivot From A High-Growth, Low-Profit Business To A Slow-Growth, High-Profit Business'

Streaming leader Netflix reported first quarter financial results that were higher than estimates. The company's outlook and decision to stop reporting subscriber figures are weighing on analysts.

Ukraine's "Secret Weapon" Against Russia

Ukraine's "Secret Weapon" Against Russia - Ad

Ukraine has a new weapon that's never been used before in war. This "living software" has been its secret weapon against Russia. The Wall Street Journal Reports: "it's a technical revolution." Early investors can reap 5,633% gains on the small company that makes it.

Vingroup's VinFast Faces Financial Risks Amidst Global Ambitions, With $5.7B Loss Over Past Three Years

Vingroup's VinFast faces financial risks as it expands globally, grappling with a $5.7 billion loss over three years.

Apple CEO says that he wants to increase investments in Vietnam

HANOI, Vietnam (AP) — Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub.

America's Final Republican President

America's Final Republican President - Ad

Louis Navellier believes Donald J. Trump could go down as America's last Republican president. But NOT for the reasons you may think... If he's right, the soul of this country will change forever...

What's Going On With Freeport-McMoRan Shares Today?

Freeport-McMoRan reports Q1 FY24 results, beats expectations in revenue and adjusted EPS. Copper and gold sales increase.

Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says

Alcoa receives price target increase from analysts after beating earnings estimates. Alumina production and shipments expected to rise in FY24.

MUST SEE By May 1: Beware Biden's Trojan Horse

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Why Media Company Omnicom Shares Are Trading Higher Premarket Today

Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations.

Tesla Bull Says 'Don't Know...What's Going To Happen To TSLA Stock Next Week' Ahead Of Earnings Call: 'Much Depends On...'

Black expects the $25K compact's production to commence in 2026, despite the prioritization of the robotaxi project.

The Sleeper Crypto of 2024?

The Sleeper Crypto of 2024? - Ad

One little-known coin is quietly gearing up for a potential breakout. Our analysts believe it could be the surprise crypto hit of 2024. Discover the name of this under-the-radar gem and our full analysis for just $3.

General Motors And Ford Are Facing The Same Challenge As They Run Back To Gas-Powered Trucks

General Motors (NYSE: GM) and Ford Motor (NYSE: F) will report their first quarter results next week.

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for June delivery fell 55 cents to $82.81 per barrel Wednesday. Brent crude for June delivery fell 40 cents to $88.02 per barrel.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

Nvidia Robotics Expert Praises Tesla FSD's 'Human-Like Maneuvers' As Magical

Tesla's latest FSD feature has impressed users like Nvidia employee Yuke Zhu who called it 'magical'. Tesla has made FSD more accessible with price cuts and free trials.

If O.J. Simpson's assets go to court, Goldman, Brown families could be first in line

LOS ANGELES (AP) — without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend .

The No. 1 Crypto for 2024

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Tesla's stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from and steep discounts intended to lure more buyers.

What Is The Most Undervalued MANGO (Semiconductor) Stock Right Now?

MANGO stocks seek to replicate FANG success in semiconductor sector, with Nvidia leading (+220.78%) and ON Semiconductor most undervalued (+16.05 P/E, 3.72 EV/Sales).

Election Shock on August 19th?

Election Shock on August 19th? - Ad

In less than 258 days, I expect the biggest presidential election shock since 1968. Forget about Donald Trump... And forget about Joe Biden... Instead, I believe the unexpected is barreling toward America. And I believe the aftermath will transform this country forever.

Cathie Wood's Ark Buys More Of Its In-House Spot Bitcoin ETF Ahead Of Halving, Pauses Tesla Buying

On Friday, Cathie Wood’s Ark Invest did a pair trade in cryptocurrency exchange-traded funds.

Ex-Trump CFO Allen Weisselberg to be sentenced for perjury, faces second stint in jail

NEW YORK (AP) — Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York .

A.I. Pioneer Issues Urgent Warning to Americans

A.I. Pioneer Issues Urgent Warning to Americans - Ad

According to one early A.I. pioneer: "You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There's no middle option."

Taiwan Bolsters 'Chip Diplomacy' With Canada And France Amid China Tensions

In a move to bolster its global standing, Taiwan has extended its 'chip diplomacy' to the Czech Republic, signing a tech pact with the U.S., Canada, France, and Germany in recent months.

Trending Now