From Nasdaq:

Fisker, a well-known electric vehicle manufacturer, saw its stock price drop nearly 9% on Friday after a report revealed that the company continues to fall well short of its 300 vehicle-per-day delivery goal. The Ocean, the only EV Fisker has released so far, sold only one to two dozen EVs per day in North America. Fisker announced plans to partner with auto dealerships in the U.S. and has a goal of attracting 50 dealerships to its network throughout the U.S. in 2024. The unexpected move to partner with dealerships might be due to the underwhelming sales of its luxury SUV, the Ocean. While this development may be a concern for shareholders, there may be other opportunities for the company to boost its sales numbers. It is important to do thorough research before investing in Fisker. If you intend to invest, keep an eye on analysts’ stock picks for market opportunities.



Read more: Why Investors Punished Fisker Stock on Friday