Ocean SUV on track; 400K annual capacity coming by 2024

Ocean SUV on track; 400K annual capacity coming by 2024

Fisker (FSR) shares are on the move after the company posted an upbeat quarterly financial report.

Though the EV automaker hasn’t posted meaningful revenue or earnings yet, its upcoming first model, the Fisker Ocean SUV, crossed 56,000 reservations as of August 1. Of those, 5,000 are for the Fisker Ocean One special edition, which requires a $5,000 down payment.

Fisker confirmed it is all set to begin production of the Fisker Ocean on November 17 at contract partner Magna Steyr’s (MGA)…


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