Fisker is a company that makes electric cars called Ocean SUV. Many people ordered these cars but then changed their minds and canceled their orders. This made Fisker lose a lot of money because they had already spent it to make the cars. To get more people to buy their cars, Fisker decided to lower the prices. However, this did not help much. The company is also facing some problems with its business and does not have enough money left. They even stopped making cars for a while to save costs. This situation is bad for Fiskar because they need more people to buy their cars so they can make more money and stay in business. Read from source...

- The title is misleading as it implies that Fisker is drowning in cancellations, while the actual number of reservations scrapped is not clearly stated. It also suggests a negative connotation without providing any evidence or context for the claim.
- The article does not provide a clear definition or explanation of what an "ocean cancellation" means, making it difficult for readers to understand the scope and impact of the issue on Fisker's business.
- The article focuses mainly on the price cuts and delisting from the NYSE as reasons for Fisker's financial woes, but does not mention other factors such as competition, consumer demand, or regulatory challenges that may affect the EV market. It also does not provide any data or analysis to support these claims or compare Fisker's performance with its peers.
- The article uses emotional language and exaggerated expressions such as "drowning", "significant", "collapsed", "concerns", and "uncertain" without backing them up with facts or sources, creating a sense of urgency and fear among readers. It also relies on unnamed insiders and anonymous sources for some information, which reduces the credibility and reliability of the article.
- The article ends with an advertisement for Benzinga's services, which may create a conflict of interest or bias the author in favor of promoting their own brand over providing objective and impartial analysis.

1. Buy FSKR stock at its current price of around $4.20 per share, as it is significantly undervalued and offers a great opportunity for growth in the long term. The risk is high due to the company's financial situation and uncertain future, but the potential reward is significant if they can successfully launch their EV products and attract new customers.
2. Invest in other electric vehicle companies with more stable financials and proven track records, such as Tesla (TSLA) or Rivian (RIVN). These stocks are still trading at reasonable prices and have strong demand for their vehicles, making them safer bets than Fisker. However, they may not offer as much upside potential as Fisker if the EV market continues to grow rapidly.