For the second time this year, EV start-up Fisker has scaled back production plans, and now expects to roll out half as many Ocean SUVs as it planned at the beginning of the year. But that was fine with Wall Street, its stock price rising nearly 9% as the week came to a close. Headlight.News looks at what’s behind the cutback, and why it pleases investors.
Days after announcing plans to deliver at least 300 vehicles daily in the U.S. and Europe, Fisker Inc. tapped an existing investor for an additional $150 million to help with vehicle deliveries and other expenses to keep growing. Find out more at Headlight.News.