Tag Archives: Fisker

Fisker (FSR) unloaded a cache of bad news during its Q4 earnings report yesterday, shaking investors and Wall Street analysts. Fisker reported that given its financial condition, evolving dealership sales approach, and challenging EV market, it has “substantial doubt about its ability to continue as a going concern” when the company files its official financial statements for 2023. Fisker also said it would reduce its headcount by 15%. Fisker said it had $396 million in cash at the end of… Source link

Henrik appears on Yahoo Finance to discuss Fisker Ocean, PEAR, production, supply chain issues, asset-light strategy, and EV Tax Credit. Today, Henrik Fisker appeared on Yahoo Finance to talk about Q2 2022 earnings, Fisker Ocean, PEAR, reservations, production, EV tax credit legislation, and more. Henrik talks about 55 prototypes that Magna has already built. The host asked about just starting production on the Fisker Ocean.

Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers may be able to get their hands on the Ocean later this year. “We have seen [that] the first parts coming in [for the Ocean] are very high quality for this… Source link

It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks – and only the big ones at that – Tesla (TSLA), Rivian (RIVN), and Lucid (LCID). One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show is Fisker Inc (FSR). Fisker, founded and run by legendary automotive designer Henrik Fisker, unveiled the production version of its Ocean EV SUV.  Overall it’s a competitive package, penned by… Source link

Q1 2021 results in-line with expectations. Cash balance of $985 million. Increasing full-year operating expense guidance range by $30 million to include PEAR program costs (explicitly excluded from prior guidance). Capital expenditure guidance unchanged. Majority of Fisker Ocean Bill of Material (BOM) now sourced, improving cost visibility across the entire model range at targets previously communicated. Foxconn binding agreement completed and initial production in U.S. confirmed. Design of… Source link