Going to the Karma Cocktail Party tonight in Newport Beach - Fisker Buzz Forums
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Old 05-18-2017, 08:00 PM   #1 (permalink)
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Default Going to the Karma Cocktail Party tonight in Newport Beach

So I got an invite from the new Karma to come to a invite only showing of the Revero at Fashion Island tonight in Newport Beach.

I am guessing we will get to go through the new car and such. I have seen the new Revero driving around Irvine several times in red, white and powder blue.

Will let ya know how it goes.

Brad

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Old 05-18-2017, 08:38 PM   #2 (permalink)
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Cool. Share some pics
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Old 05-19-2017, 07:39 AM   #3 (permalink)
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Make sure you park your Karma next to a Revero
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Old 05-19-2017, 10:10 AM   #4 (permalink)
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Well I went, They had two new Karmas up front where you walked in. They were cool, they looked just like mine lol. I sat in the new one, it was cool, pretty similar to mine.

They had valets everywhere and the front area was littered with Ferraris and Rolls Royces and the like of the Orange County "Glitterati". No Fiskers got a vanity valet spot up front. We were wisked away to a parking garage with the rest of the cars.

The event was not a sole Karma event, they were just a co sponsor. My take away was the new car looks great, my car looks great.
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Old 05-19-2017, 01:15 PM   #5 (permalink)
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Sad it was a Karma Automotive event but they were only Co-Sponsor couldn't they afford the whole event'
How was the turn out?
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Old 05-19-2017, 01:58 PM   #6 (permalink)
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Just party time for the Karma execs, need to show some sales and marketing activities. Wonder what their customer acquisition cost is. Guessing over $300,000/car
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Old 05-19-2017, 04:40 PM   #7 (permalink)
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Just party time for the Karma execs, need to show some sales and marketing activities. Wonder what their customer acquisition cost is. Guessing over $300,000/car
In that case, it would have been cheaper for Karma to offer each of us a new Revero in even exchange for our Karma. Since they only plan to sell 1000 Reveros, they could have sold he entire production that way for less that $100K/car.
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Old 05-19-2017, 04:49 PM   #8 (permalink)
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Originally Posted by PowerSource View Post
Just party time for the Karma execs, need to show some sales and marketing activities. Wonder what their customer acquisition cost is. Guessing over $300,000/car
In that case, it would have been cheaper for Karma to offer each of us a new Revero in even exchange for our Karma. Since they only plan to sell 1000 Reveros, they could have sold he entire production that way for less that $100K/car.
I agree
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Old 05-19-2017, 05:16 PM   #9 (permalink)
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In that case, it would have been cheaper for Karma to offer each of us a new Revero in even exchange for our Karma. Since they only plan to sell 1000 Reveros, they could have sold he entire production that way for less that $100K/car.
Well the BOM (to build the Karma- a good basis for this one) is around 100k (according to the BK documents etc). So looks like they are going for 30-35% gross margin on these sales...

They are better off building slowly and selling each one at MSRP vs selling at a discounted rate since it is so expensive to build these cars.

The marketing activities probably amount to $xxx,xxx per car at this point since they have been quite active with their sponsorships, tv commercials etc. Can't imagine that these events plus the commercial amounted to more than a few sales. Most of the attendees just went to have a good time rather than for serious interest in the cars. There is still not a single person on earth (from my research) that has publicly admitted on any forum/social media etc that they have purchased this car. Either most of these sales are insider sales or there are very few people who have deposits down on the car. You would think if there were more than a few that were going to purchase this car there would be questions about pre-purchase (remember the early days of the buzz when it was much more active than now as people were awaiting delivery) none of that with the revero which leads me to believe there are very few real sales.
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Old 05-21-2017, 09:24 PM   #10 (permalink)
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they told me they just shipped the first cars to dealers for delivery 80 in total. The party was mobbed and pretty extravagant but the Karmas were just a side show, the Irvine Company was showing their new $4K a month 600 square foot Villas at Fashion Island apartments pretty hard and the local Nobleman Glitter Magazine was doing the whole documenting the who's who thing.

Don't get me wrong it was a scene (albeit a bit of a snob fest). Open bar, full catering, acrobats on trapezes, contortionists in plastic balls in the pool, a pretty good R&B band etc...

The 2 new Karmas where right up front when you walked in but that was the only mention of it that I saw.
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