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WSJ: Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch

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There are countless articles written today about Fisker, this one by WSJ summed it up pretty good. Below are a few tidbits:

Shares of Fisker Inc. surged 30% to $7.40 on Monday after the electric-vehicle startup confirmed that deliveries for its first vehicle, the Ocean SUV, would commence in the spring.

Fisker maintained its 2023 production target of 42,400 vehicles, which it plans to make with manufacturer Magna International Inc. The company is currently averaging 100 new cars a week and expects the process to become more efficient. Magna has made 56 cars with Fisker since November.

“When we are ramping up, specifically in Q2, we are going to have such a strong ramp that any units that may have been lost early on can easily be caught up later in the year, and that’s why we maintain our guidance,” Mr. Fisker said.

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