Fisker (FSR) cuts production targets in the face of supply chain issues

Polestar (PSNY) slashes production guidance and announces job cuts

Swedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.

The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.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

Palantir and Novavax rise premarket; PacWest, PayPal and Under Armour fall

Investing.com -- Stocks in focus in premarket trade on Monday, May 9th. Please refresh for updates.

Palantir (NYSE: PLTR) stock rose 15.6% after the data analytics software maker said it expects to turn a profit every quarter in 2023, seeing strong demand in its new... More

Barclays predicts April back step as EV penetration reaches 14% in March report card

Barclays 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) Misses Q1 EPS by 8c, Misses on Revenue; Guides Q2 Production of 1,400-1,700 EVs

Fisker (NYSE: FSR) reported Q1 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.

Fisker plans to produce 1,400-1,700 vehicles in Q2, provided all partners deliver. Fisker... More

Fisker (FSR) launches new finance website

Electric 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) Completes First German Vehicle Registration and Opens New Customer Facilities in Munich

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, continues its phased launch of the all-electric Fisker Ocean SUV in Europe with the... More

Fisker (FSR) delivers first Ocean One electric SUV

Fisker Inc. (NYSE: FSR), an American automaker driven by a mission to create sustainable electric vehicles, announced Friday that the company has delivered the first brand-new Fisker Ocean all-electric SUV to a customer in Denmark.

The owner received their vehicle from Fisker Chairman and... More

Fisker (FSR) Delivers First All-Electric Fisker Ocean SUV

Fisker Inc. (NYSE:... More