Fisker Delisting? EV vs. AI: Which Company to Short?
$Fisker Inc.(FSR)$ , a California-based electric vehicle startup, faced significant challenges leading to the halt of its shares and delisting from the New York Stock Exchange due to "abnormally low" price levels.
This follows the failure of talks with a large automaker, reportedly Nissan, regarding Fisker's planned electric pickup, the Alaska.
The company warned in its March earnings report that it might not have enough cash to survive the year.
Previously valued at nearly $8 billion with shares trading as high as $28 in February 2021, Fisker's stock plummeted to less than 10 cents per share, reducing its market cap to under $50 million.
Another EV company that is trading below $1 is $Nikola Corporation(NKLA)$.
Apart from the increasingly challenging competition in the EV market, there are many companies like Fisker that continue to operate with losses and poor management.
Some also pointed out three AI companies that should be shorted. How do you view this?
$SoundHound AI Inc(SOUN)$ $C3.ai, Inc.(AI)$ $BigBear.ai Holdings(BBAI)$
Which company to short?(2 choices)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.
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