Posted 3/1/2024, 10:38:58 PM
Fisker Shares Surge on Report of Possible Nissan Investment to Boost EV Production
- Fisker shares jumped on report of possible $400M investment from Nissan, though Fisker could not confirm or comment on talks
- Fisker is pivoting to a dealer model to reach more customers in U.S. and Europe; signing up new dealers almost every day
- Fisker has no production issues unlike other startups since Magna Steyr makes the vehicles; can raise production if more sales demand
- Main focus right now is closing strategic OEM deal that's been in works for 6+ months; too early to give timeline but hope to finalize ASAP
- Growing dealer network and delivering vehicles to first dealer now; will have 50 by end of quarter to generate more sales and cash to sustain operations