(Reuters) – Fisker shares skid nearly 40% on Friday after the electric-vehicle startup flagged going-concern risks, saying it would cut its workforce by 15% and pause investments in future projects until it secures a partnership with a manufacturer. The company warned of a “difficult year” ahead, the latest sign of growing pain in the EV […]
(Reuters) -Electric-vehicle startup Fisker on Thursday raised substantial doubts about its ability to continue as a going concern, sending its shares down around 23% in extended trading. The company, which missed analysts’ expectations for quarterly revenue, also announced plans to reduce its workforce by about 15%. The EV maker reported preliminary revenue of $200.1 million […]
Electric vehicle stocks are having a rough start to the week as the market drops and investors worry that high-cost purchases are slowing down. Home Depot‘s earnings release this morning showed a 4% drop in same-store sales in the U.S., driven by fewer high-priced purchases. While EV stocks and home improvement companies don’t often have […]
Second time’s the charm—or that’s perhaps what Henrik Fisker thought as he launched the eponymous EV maker Fisker Inc. following a failed attempt a few years earlier (called Fisker Automotive). Now, the critically-acclaimed Danish designer’s company is facing a number of high-stakes situations at once. California-based Fisker, which listed via a SPAC in 2020, received […]
Tuesday is shaping up to be a good day to own electric vehicle (EV) stocks, as good news for China’s Li Auto (NASDAQ: LI) helped to lift shares of heavily shorted American EV stocks Fisker (NYSE: FSR) and Lucid Group (NASDAQ: LCID). Despite falling vehicle prices and well-publicized problems with EV demand around the world, […]
Fool.com contributor Parkev Tatevosian compares Fisker (NYSE: FSR), Rivian (NASDAQ: RIVN), and Lucid (NASDAQ: LCID) to answer which one he thinks is the best stock to buy now. *Stock prices used were the afternoon prices of Jan. 29, 2024. The video was published on Jan. 31, 2024. Should you invest $1,000 in Fisker right now? […]
Before the stock market opened for trading on Monday, it’s safe to say few investors or pundits believed struggling electric vehicle (EV) maker Fisker (NYSE: FSR) would have a banner day. Yet that’s exactly what happened; the company’s share price vaulted nearly 14% higher on Monday to put it within striking distance of the psychologically […]
Three straight days of share price declines came to an end for Fisker (NYSE: FSR) on Friday. Investors cheered news that the electric car start-up will attend next week’s National Automobile Dealers Association (NADA) Show in Las Vegas — and livestream an interview announcing its plans to set up a car dealer network — setting […]
Shares of electric car manufacturing hopeful Fisker (NYSE: FSR) tumbled 4.5% through 11:50 a.m. ET this morning, erasing much of the gains won on Monday after Fisker announced a deal to convert about $185 million of its half-billion-dollar debt load into equity — lowering its interest costs in the process. Investors liked that news, bidding […]
(Reuters) – Fisker said on Tuesday it expects to sell all its nearly 5,000 unsold vehicles made last year by the end of the first quarter and that its newly announced dealer-partner model has gained traction. More than 100 dealers in the United States, Canada, and Europe have expressed interest in becoming a Fisker dealer, […]
Fool.com contributor Parkev Tatevosian highlights why today’s developments were excellent news for Fisker (NYSE: FSR) stock investors. *Stock prices used were the afternoon prices of Jan. 20, 2024. The video was published on Jan. 22, 2024. Should you invest $1,000 in Fisker right now? Before you buy stock in Fisker, consider this: The Motley Fool […]
Shareholders of electric-vehicle (EV) maker Fisker (NYSE: FSR) haven’t had much to smile about in recent months. The company has experienced numerous headwinds since it began producing and delivering its first vehicle, the fully electric Ocean SUV. The company has changed its sales and distribution model due to high costs and delivery issues from its […]