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Articles about fisker (FSR -8.90%) The article, published on an influential online technology news site after market hours on Thursday, caused a huge stir among investors over the weekend. As a result, the electric vehicle (EV) maker’s stock price fell nearly 9% during Friday trading. S&P500 The index rose 0.2%.
Internal goals are said to have not been achieved
TechCrunch, citing internal documents provided by anonymous sources, said Fisker remains well short of the 300-vehicle-per-day delivery goal set by founder and CEO Henrik Fisker. He said it was below.
That’s the company’s global shipping goal. The goal for the North American market is to sell 100 to 200 Ocean SUVs per day. But in December, Fisker often sold just 10 to 20 EVs per day in North America, according to documents reviewed by TechCrunch.
The site hints that poor sales of Fisker’s Ocean, the only EV it has brought to market to date, may be the main reason for the company’s announcement that it is looking to partner with a U.S. car dealership. Ta. Fisker reminded us of the traditional car sales model that next-generation EV makers are trying to disrupt.
The goal is to have 50 stores by 2024.
Henrik Fisker said the company’s goal is to have at least 50 dealers in its network across the United States in 2024. This may be difficult, as the Ocean is an expensive luxury model with niche appeal at best. If TechCrunch’s article is accurate, shareholders hope the company can find other ways to increase sales.
Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any stocks mentioned. The Motley Fool has a disclosure policy.
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