After looking through all of Fisker's financials and goals I have concluded they are positioned very well to dominate in the affordable EV space. With their unique business model of sending production to well-known manufacturers, they can be very asset-light to spend on R&D on future products. While this does bring some sort of risk, I believe this risk is outweighed by the massive potential this company has in late 2022.
The partnership with Foxconn to mass-produce a vehicle for just under $30,000 is a very smart business move by Fisker. They not only get a highly reputable business partner and manufacturer but also enter a completely different market. The recent $625 mil convertible stock offering was a great way to raise funding for this project in the best possible way of minimizing dilution of shareholders.