Fisker (FSR) responds to NHTSA preliminary evaluation

Fisker (FSR) to deliver remaining 2023 units in 1Q24, dealer-partner model gains traction

Electric automaker, Fisker Inc. (NYSE: FSR) revealed Tuesday that the company expects to sell the remaining inventory of nearly 5,000 vehicles manufactured last year by the end of the first quarter as the companys newly introduced dealer-partner model has already attracted attention.

Over 100 potential dealers in the... More

Fisker (FSR) gains following investor agreement

Shares of electric automaker, Fisker (NYSE: FSR) skyrocketed by more than 15% in mid-day trading on Monday after the automaker announced that the company had reached an agreement with its 2025 convertible notes investor.

As per the 8-K filing with the SEC, Fisker and the investor have mutually agreed that upon finalizing... More

Fisker (FSR) 'fully cooperating' with NHTSA on breaking issue

Fisker (NYSE: FSR) has issued the following statement on the National Highway Traffic Safety Administration (NHTSA) Office of Defects Investigations (ODI) Preliminary Evaluation of reported braking issues with the 2023 Fisker Ocean:

Fisker is fully cooperating with NHTSA on this matter.

The Fisker... More

Fisker (FSR) to Introduce Fisker Ocean Extreme Monterey Edition

Fisker Inc. (NYSE: FSR) (Fisker), driven by a mission to create the worlds most emotional and sustainable electric vehicles, today announced that it will offer a special luxury version of the award-winning Fisker Ocean SUV.

The Fisker Ocean Extreme Monterey Edition will be the most luxurious offering of the Ocean... More

TD Cowen downgrades Fisker (FSR) as challenges continue to mount

TD Cowen downgraded Fisker Inc. (NYSE: FSR) to a Market Perform rating (From Outperform) and cut their 12-month price target on the stock to $1.00 (From $11.00) after the company announced Wednesday that they may be facing a possible NHTSA probe stemming from complaints associated with the Ocean's braking system.

TD Cowens initial assessment of the company was positive, recognizing promise in Fisker's robust contract manufacturing relationships, appealing vehicle price point, and asset-light production approach. However, due to the increasing number and frequency of challenges faced by the company,... More

TD Cowen Downgrades Fisker (FSR) to Market Perform; 'growing pains continue'

(Updated - January 17, 2024 9:31 AM EST)

TD Cowen analyst Jeffrey Osborne downgraded Fisker (NYSE: FSR) from Outperform to Market Perform with a price target of $1.00 (from $11.00).

The analyst commented, "A shift in distribution strategy, continued delivery issues, missed timelines and... More