In navigating the tumultuous electric vehicle (EV) market, consider EV stocks to sell in April. 2023 was a challenging year for the EV sector, plagued by waning demand, reduced government incentives and a complicated macro-environment. Though the potential for long-term growth remains for a few, the gloomy short-term outlook suggests a strategic portfolio adjustment might be more prudent. Moreover, with the shift from optimistic growth projections to a more grounded reality, 2024 could be another unattracti ...

Sometimes, the way forward is simply to take your losses and move on. There may have been a time when electric vehicle manufacturer Fisker (OTCMKTS:FSRN) was a promising business. However, that time is in the rear-view mirror, and investors can now bid a not-so-fond farewell to Fisker stock.Lackluster demand for EVs means that investors need to be selective. Going on a rescue mission or a bottom-fishing expedition with fast-falling EV stocks isn’t a great idea right now. So, it’s best to just avoid FSR/FSRN ...

Fisker (OTCMKTS:FSRN) stock is in focus after the National Highway Traffic Safety Administration’s (NHTSA) Office of Defects Investigation (ODI) revealed that it had opened a preliminary evaluation (PE) into the Ocean SUV. A PE does not guarantee that the agency will take action. Fisker now has a total of three open PEs.The recent PE was opened after the ODI received 14 complaints about the 2023 Ocean concerning faulty doors.“The complaints allege an intermittent failure of the latch and handle preventing t ...

ToplineThe National Highway Traffic Safety Administration opened another investigation into Fisker’s 2023 Ocean SUV—the third probe into safety flaws for the model as the electric vehicle manufacturer faces an uncertain future after shutting down production in March.Owners of the electric SUV have reported faulty brakes, doors and problems shifting gears that have ... [+] led to at least one crash.Copyright 2020 The Associated Press. All rights reserved. Key FactsThe first investigation into the Fisker Ocea ...

Woes continue for Fisker Inc as the NHTSA launched a preliminary probe into the struggling electric vehicles company.Why is Fisker under investigation? Copy link to section The regulator has received multiple complaints against the 2023 Ocean SUV in recent weeks. Users have alleged that a manufacturing defect prevents its doors from opening (sometimes). A few of them even went on to say that the emergency override does not fix the problem either.Aim of the investigation is to evaluate not just the severity ...

Investors in the electric vehicle (EV) industry knew 2024 was going to be filled with bumps in the road. Fisker was a large reminder of just how quickly things can go downhill for automakers facing a cash crunch and slowing demand.For many already cautious EV investors, the question now might be: "What company is next?" Is Lucid (LCID -4.04%) the next Fisker?Let's dig inAll EV makers are dealing with a tough environment of high interest rates, slowing demand, a saturated high-end EV market, and a lack of af ...

The electric vehicle (EV) frenzy, witnessed in 2020 and 2021, driven by special purpose acquisition companies (SPACs), has lost its spark. Skepticism among investors is rising as EV startups tread on thin financial ice, facing the make-or-break challenge of proving their mettle in a fiercely competitive market.The industry’s capital-intensive nature is fast depleting the cash reserves of startups, with companies prompted to file for bankruptcy. The latest casualty is Fisker Inc. (FSR) . Per Wall Street Jour ...

Electric vehicle (EV) company Fisker (NYSE:FSR) has shed more than 90% year-to-date (YTD), leaving shareholders wondering when the downturn will subside. On Monday, the company announced that it had received a financing commitment of $150 million through the sale of $166.67 million of 2024 senior secured convertible notes. Unfortunately for shareholders, these notes are convertible to FSR stock at any time, opening up the door for dilution.Fisker also recently announced that it would lay off 15% of its work ...

Fisker (NYSE:FSR) stock is down more than 90% so far this year and trading below the pivotal $1 level. The past few weeks have been full of bad news for the electric vehicle (EV) company.Last week, The Wall Street Journal reported that Fisker had hired restructuring advisors in preparation for a possible bankruptcy. In its preliminary fourth-quarter and 2023 full-year earnings, the company warned that there would likely be “substantial doubt” about its ability to continue as a going concern once it files it ...

Key TakeawaysStruggling electric vehicle maker Fisker said it will pause production for six weeks.Fisker also announced that it had secured up to $150 million in new financing and is in talks with a "large automaker" that could invest in or partner with the EV maker.Fisker warned earlier this month it might not be able to continue "as a going concern." Struggling electric vehicle maker Fisker (FSR) said Monday it was pausing its production for six weeks and had secured $150 million in financing from an exis ...