Ok
Fisker's stock soars as EV maker to announce plan to boost sales, deliveries
Stock's surge bucks weakness in the EV sector, as Tesla and Nio shares end 2023 with selloffs. Shares of Fisker Inc. charged higher Friday, after the electric vehicle maker said it will announce in January a plan to accelerate sales and deliveries.Fisker also provided an update of its business in 2023, saying it has produced 10,142 EVs as it has "largely overcome" the supply chain issues results from the COVID pandemic. And deliveries have totaled about 4,700, including a jump of more than 300% from the third quarter to the fourth quarter.Among other more-active shares of EV maker's, Mullen Automotive Inc.'s was one of the few gainers, as it rallied 5.7% toward a three-week high. It has now rocketed 86.5% since closing at a split-adjusted record low of $8 on Dec. 20.The EV sector leader Tesla Inc.'s stock slumped 1.8%, and is set to end 2023 with a two-day losing streak in which it has lost 4.9%. . Shares of China-based EV maker Nio Inc. took a 4.4% hit, to pullback from a 3 1/2-mon
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet