What Is Going on With Fisker (FSR) Stock Today?

  • Fisker (FSR) stock is in the news thanks to an order data update.
  • The company has sold out of U.S. models for 2023 production.
  • Now, shares of FSR stock on the move Friday.
Mobile phone with company logo of US electric vehicle manufacturer Fisker Inc. representing FSR stock.

Source: T. Schneider / Shutterstock.com

Fisker (NYSE:FSR) stock is moving on Friday after revealing order data for its electric vehicles (EVs).

According to a press release, Fisker is already sold out of its 2023 production models in the U.S. for the Fisker Ocean Sport and Fisker Ocean Ultra trims. This follows the company selling out of its 5,000 Fisker Ocean One launch editions last month.

Fisker says it is now considering increasing production in 2023. This has the company looking at manufacturing sites in the U.S. with plans for Fisker Ocean production late in 2023.

CEO Henrik Fisker said the following about the development in the company’s news release:

‘We’re very happy that, in addition to global Fisker Ocean One customers securing their vehicles, those reservation holders in the US who wanted a Fisker Ocean could lock in their purchase commitment. Our customers are giving us a huge vote of confidence ahead of our start of production on November 17. As for 2024, we are already exploring US-based manufacturing with the goal of making some models eligible for the EV tax credit within the new proposed requirements.”

It’s worth noting that FSR stock is seeing decent trading today. As of this writing, around 5.2 million shares have changed hands. That matches the company’s daily average trading volume.

FSR stock started off down on Friday morning but came up slightly as of this afternoon.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/08/what-is-going-on-with-fisker-fsr-stock-today/.

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