Troubled electric vehicle (EV) maker Fisker has been approved for its bankruptcy plan to sell off its remaining inventory, after the deal was nearly paused this week due to service concerns for owners.
After Fisker filed for bankruptcy in June, the Ocean EV maker weeks later submitted filings to sell its remaining 3,231 units for $46.25 million to American Lease. The deal the liquidiation of new, previously owned, and damaged units through the sale, with each EV valued at between $2,500 and $16,500.
However, the deal was nearly halted this week as American Lease realized that it may not be able to transfer Fisker’s essential data and support services to its own servers, as detailed by Automotive News. American Lease went on to resolve this with an additional $2.5 million commitment over five years to access Fisker’s tech support services, officially leading to the approval of the automaker’s bankruptcy filing and benefitting current Ocean EV owners.
U.S. Bankruptcy Judge Thomas Horan approved the Fisker filing on Friday, officially letting the EV company pay off debts through the sale of its remaining EVs, along with transferring intellectual properties to its creditors.
Without the tech support deal, Ocean owners would be rendered without crucial vehicle software updates, diagnostic data, and the ability for owners to remotely access their vehicles, among other issues. The ruling also came after many Ocean owners expressed concerns over what would happen to their vehicles after the bankruptcy filing, though the EV maker last month announced 23 approved service shops across the U.S. and Canada.
Fisker had been on the verge of bankruptcy for several months prior to its official filing, and it seemed to become the most likely option for the company after a presumed buyout from Nissan fell through earlier this year.
Last week, Fisker was also handed multiple subpoenas by the Securities and Exchange Commission (SEC), which is now investigating the EV maker and has recently shared opposition to the liquidation plans.
Fisker CEO makes ultimate sacrifice to save EV company from total death
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News
Tesla best-rated car brand in UK, beats Toyota in reliability: survey
The survey asked readers to rate their cars across metrics like efficiency, reliability, practicality, safety, comfort, and performance.

Tesla critics would typically paint the company’s electric vehicles as reliability nightmares with subpar build quality and cheap materials. As per a survey from the U.K., however, the opposite is true, as Tesla is not just the country’s overall best-rated car brand, it is also the second most reliable carmaker.
The survey was conducted by HonestJohn.co.uk, which asked its readers to rate their cars across several metrics, such as efficiency, reliability, practicality, safety, comfort, and performance. Over 6,000 respondents participated in the recent survey.
UK’s Overall Best-Rated Car Brand
Based on the respondents of the Honest John Satisfaction Index survey, Tesla was the U.K.’s best-rated car brand for 2025 with a satisfaction index rating of 89.41%. In second place is Japanese premium carmaker Lexus, which garnered a satisfaction index rating of 86.32%. In third place is Porsche, which garnered a satisfaction index rating of 84.79%.
Tesla’s Reliability Surprise
While Tesla’s high customer satisfaction index scores in the survey were not that shocking, the company’s rankings in reliability are especially surprising. Tesla critics typically accuse Tesla of producing vehicles that are not reliable or are prone to imperfections like panel gaps. But as can be seen in the U.K. survey, Tesla’s reliability has actually improved a lot.
Tesla’s reliability rating in the Honest John survey was an impressive 95.29%. That’s just below Lexus, which was the number one at 97.01%. Tesla was also above Toyota, which was in third place with a reliability rating of 94.65%.
What Honest John Says
In its rankings for the U.K.’s most reliable car brands, Honest John highlighted that while Tesla tended to be hit or miss with things like build quality in the past, the company has matured a lot in recent years.
“While we were always impressed by the technology within Tesla’s range of exclusively electrically powered cars, build quality seemed to be a little hit and miss, to say the least. Evidently, matters have improved significantly in this regard according to our readers’ feedback as not only has the brand scored well for reliability across its four-strong range but the Tesla Model 3 was also rated as the most satisfying car to own overall,” the publication wrote.
News
Tesla Unveils Model Y RWD 110 customized for Singapore

Tesla unveiled the Model Y RWD 110 for Singapore’s Category A certificate of entitlement (COE) rules. This custom SUV tweaks the updated Model Y, which was launched in Singapore in January.
Tesla tuned the Model 3 RWD 110 for Singapore before, and that customized version’s success spurred this Model Y adaptation. The Model Y RWD 110 runs at 110kW, down from 255kW in the standard RWD. It qualifies for Singapore’s Category A COE, unlike the Model Y 255kW version, which sits in Category B.
Category A COEs are for mass-market cars. They score lower premiums than Category B COEs. BMW and Mercedes-Benz register vehicles as Category A COEs in Singapore as well.
In Singapore, buyers need to pay the COE to register a car. The latest tender showed an SGD 22,388 gap between Category A and B premiums.
The Model Y RWD 110’s road tax is significantly reduced from SGD 3,478 to SGD 1,562 yearly. The Strait Times calculated that the cheaper Model Y in Singapore would save SGD 19,160 over a 10-year COE.
The Model Y RWD 110 matches the 255kW version otherwise. The more affordable Model Y’s battery size holds steady. Its energy use, equipment, and design stay the same.
Tesla prices the Model Y RWD 110 at SGD 103,476 before COE. The Model Y RWD 110 costs SGD 3,026 less than the 255kW version, excluding COE costs. It uses a 62.5kWh lithium iron phosphate battery.
Tesla has released cheaper versions of its cars before. For instance, it rolled out a more affordable Model 3 in Mexico last year. The cheaper Tesla Model 3 in Mexico did not use the same materials and had different features to reduce costs.
Tesla might consider releasing custom, cheaper versions of its vehicles in other countries. Industry sources in China hint at a “lower-priced Model Y” for the Chinese auto market, which keeps the Juniper’s battery and chassis
News
Tesla US Gigafactories shields from Trump’s 25% Tariffs
Tesla US Gigafactories Shielded from Trump’s 25% Tariffs

Tesla stocks climbed after U.S. President Donald Trump announced tariffs on imported cars and auto parts, standing out in the United States auto industry.
Automaker stocks tanked after President Trump slapped 25% tariffs on foreign autos and parts. Tesla slightly dodged the tariff blow thanks to local production. Its gigafactories in China and Germany don’t supply Tesla vehicles to the United States market. The company builds all U.S.-sold EVs in Fremont, California, or at Giga Austin in Texas.
TD Cowen analyst Itay Michaeli sees the American EV automaker as a winner in Trump’s tariffs games.
“Tesla [is] a relative beneficiary given [its] 100% U.S. production footprint, substantial U.S. sourcing, and with Model Y competing in a midsize crossover segment where close to ~50% of vehicles could be subject to tariffs,” Michaeli wrote on Thursday.
Rivian and Lucid also make all vehicles sold in the United States domestically. Ford hits 77% U.S. production, while Stellantis sits at 57%. Nissan and GM each clock in at 52%.
Trump’s 25% tariff on non-U.S.-made vehicles kicks in next week, on April 2, 2025. Elon Musk confirmed that Trump’s tariff will still affect Tesla, despite its plants in America.
Musk posted on X about tariff impacts. He said foreign-sourced parts will drive up costs. It’s not a small hit. Tesla warned of this in a letter to the U.S. Trade Representative. “Certain parts and components are difficult or impossible to source within the United States,” the letter stated, even with “aggressive localization.”
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