Fisker (NYSE:FSR) stock is trading around an all-time low today as the automotive company comes to terms with a class action lawsuit in progress. Indeed, the Gross Law Firm recently issued a notice to Fisker shareholders who purchased shares between Aug. 4 and Nov. 20 of last year, encouraging them to contact the firm “regarding possible lead plaintiff appointment.” FSR is accused of making false statements in its financial reporting, erroneously accounting for certain costs, delaying its quarterly report, ...

Shares of Fisker Inc. extended their losses below $1 after the electric-vehicle maker lost its most bullish analyst, who cited the company’s continued accumulation of “unanticipated growing pains” for his loss of faith.“While we still believe Fisker has the potential to be a player in the EV market, the inconsistency of delivery cadence, shift in distribution strategy and now an investigation into the Ocean’s braking performance, give us pause in recommending the stock,” TD Cowen analyst Jeffrey Osborne wro ...

Shares of Fisker (FSR -7.52%) have fallen steadily so far this year, and this morning was no different. The electric vehicle (EV) stock was down 11% at 10 a.m. ET on Wednesday morning and had hit an all-time low of 0.8516 a share.Fisker has struggled to make a mark in the EV industry so far. But just when investors thought the EV maker was making an effort to turn things around, their hopes were dashed. This morning, an analyst downgraded Fisker stock's price target by a jaw-dropping 90%.Ocean SUV probe and ...

Electric-vehicle start-up Fisker has had a tough few months. It isn’t likely to get any easier. ...

LOS ANGELES--(BUSINESS WIRE)--Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team. Eric Goldstein has been named Head of Investor Relations. Beverly Lively has joined as VP, Internal Audit & Controls. Goldstein will report to CFO Dr. Geeta Gupta-Fisker and Lively will report to CAO Angel Salinas. “I’m thrilled that Eric and Beverly have come to Fis ...

Federal safety regulators have opened an investigation into Fisker’s first electric vehicle over braking problems.The National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation (ODI) issued a notice that it’s probing Fisker’s Ocean SUV for loss of braking performance. The agency is focusing on nine complaints about the issue thus far, including one incident involving a crash and an unspecified injury.A Fisker spokesperson declined to comment.The probe comes as the company grapp ...

Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, concluded a successful week at the Consumer Electronics Show in Las Vegas with audio partner Panasonic. The Fisker Pulse powered by ELS STUDIO 3D® PREMIUM AUDIO system provides a bespoke, premium audio experience in the Fisker Ocean One launch edition and Fisker Extreme SUV. (Photo: Fisker Inc.)Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, conclu ...

It was a slightly slower news week as the markets prepare for earnings season to hit in full force, but there were plenty of headlines to go around within the automotive sector. One piece of news that hit young electric vehicle (EV) automakers hard was the announcement by Hertz Global (HTZ -2.35%) that it will sell a chunk of its EV fleet and reinvest in gasoline-powered vehicles. In response, Lucid Group (LCID -7.51%) and Fisker (FSR -0.96%) dropped as much as 17% and 26% this week, respectively, according ...

Reports of higher-than-expected inflation this morning, combined with an apparent flood of investor dollars chasing various cryptocurrencies -- and running away from stocks -- has the stock market in a funk on Thursday. Among the stocks getting hurt most are three players in the electric car industry. Carmakers Lucid Group (LCID -3.96%) and Fisker (FSR -1.35%) are down 6.3% and 5.9%, respectively, through 12:05 p.m. ET, while battery maker QuantumScape (QS -1.69%) is getting off relatively easy with only a ...

The electric vehicle (EV) industry is seeing a torrent of bad news recently. Last week, I wrote that the portion of EV sales in the UK declined for the first time since records started in 2018. Before that, I wrote that thousands of US dealers were complaining about the slowing EV sales in their shops even after offering substantial discounts.Hertz to sell its EVsCopy link to sectionOn Thursday, we had one of the worst EV news stories ever. In a statement, Hertz said that it will sell over 20,000 EVs and bu ...