Fisker (FSR) delivers first Ocean One electric SUV
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U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts
May 9, 2023 1:44 PM EDTU.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.
Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More
Fisker (FSR) cuts production targets in the face of supply chain issues
May 9, 2023 9:11 AM EDTFisker Inc. (NYSE: FSR) announced Tuesday that the electric automaker has lowered its production target as the U.S. EV startup continues to struggle to ramp up output in the face of supply chain constraints, easing demand and a tight cash position.
The... More
Barclays predicts April back step as EV penetration reaches 14% in March report card
May 9, 2023 8:11 AM EDTBarclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.
China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... More
Fisker (FSR) launches new finance website
May 8, 2023 2:21 PM EDTElectric vehicle maker, Fisker (NYSE: FSR) in collaboration with JPMorgan Chase Bank, launched its new finance website Monday, fiskerfinance.com.
The website aims to provide a centralized platform for Fisker Ocean customers to access auto financing, payment and management services.
The... More
Fisker (FSR) Delivers First All-Electric Fisker Ocean SUV
May 5, 2023 10:33 AM EDTFisker Inc. (NYSE:... More
