Fisker (NYSE:FSR) stock is a hot topic among traders on Monday after the company announced a price drop for one of its electric vehicles (EVs).
The big news here is the EV company dropping the price of its Fisker Ocean Extreme from $68,999 to $61,499 in the United States. Customers that have already placed orders for the Fisker Ocean Extreme will receive a $7,500 price adjustment.
Henrik Fisker, Chairman and CEO of Fisker, said the following about this move:
“It is essential that Fisker responds to competitive realities in the rapidly growing EV market […] We want our customers to have greater access to the Ocean and to be able to take advantage of its exciting combination of innovative features, striking design, sustainable materials, and class-leading range.”
Fisker Price Increases
Despite the price drop to the Fisker Ocean Extreme, the Fisker Ocean Ultra and Fisker Ocean Sport trims are getting price increases. These are jumping from $49,999 to $52,999 for the Ultra and from $37,499 to $38,999 for the Sport.
Investors in FSR stock aren’t reacting the best to today’s news with shares of FSR down 1.7% on Monday morning. That comes as 3.4 million shares trade hands, as compared to a daily average trading volume of around 7.5 million shares. FSR stock is also down 22.2% since the start of the year.
Investors that are looking for more of the most recent stock market stories on Monday are in the right place!
We’re offering up all of the hottest stock market news that traders need to know about today! That includes everything happening with shares of Pinterest (NYSE:PINS) stock, Hess (NYSE:HES) stock and Roivant Sciences (NASDAQ:ROIV) stock today. All of that news is ready to go down below!
More Monday Stock Market News
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- Why Is Roivant Sciences (ROIV) Stock Up Today?
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.
