Fisker Inc., driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that Saydulu Kolasani has joined Fisker as SVP, Enterprise, Digital Operations and Transformation. Kolasani will oversee Fisker’s technology infrastructure, cybersecurity, digital platforms, enterprise systems, architecture, data, and operations, including Product Management, Program Management Office (PMO), and enterprise digital and technology strategy. (Photo: Fisker Inc.)Fisker Inc., ...

Key PointsLi Auto is a hybrid electric vehicle (HEV) manufacturer selling premium hybrid SUVs in China.Li Auto had Q4 2023 net income growth of 2,068% YoY to $810.2 million versus $37.3 million in the year-ago period.Li Auto saw deliveries grow 184.6% in Q4 2023 to 131,805 vehicles.5 stocks we like better than Li AutoChinese new energy vehicle (NEV) maker Li Auto Inc. NASDAQ: LI started the electric vehicle (EV) race with competitors Nio Inc. NYSE: NIO and Xpeng Inc. NYSE: XPEV on relatively even footing in ...

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Key TakeawaysFisker said this week it's preparing for "another difficult year" and Tesla adjusted its pricing strategy in China to boost demand, in the latest of what's been a tough stretch for many electric vehicle makers.Apple reportedly canceled its plans to make an EV earlier in the week.The U.S. government opened an investigation into potential risks associated with connected vehicles made with Chinese tech and is considering new regulations.The developments come after Rivian and Lucid reported results ...

Investors were slamming the brakes on Fisker (FSR -33.74%) stock today. Shares of the electric vehicle (EV) start-up were tumbling after the company issued the dreaded "going concern" warning in a filing after hours yesterday. Essentially, that means the company is running out of cash and may not be able to stay in business.Fisker also reported preliminary fourth-quarter earnings and said it was in advanced talks to take an investment from a major automaker, which was later reported to be Nissan.As a result ...

What a wild roller-coaster ride this week has been for Fisker (FSR -42.49%) stock! Until the market's closing on Thursday, shares of the electric vehicle (EV) start-up had surged 28.8% at its highest point, according to data provided by S&P Global Market Intelligence. The EV stock plunged more than 40% on Friday, though, and was down 35% for the week as of 10 a.m. ET Friday.Investors who expected to see some glimmer of hope in Fisker's numbers and were betting on the languishing stock ahead of earnings were ...

It’s another sad day for the electric vehicle industry as the Fisker (FSR) stock price imploded. It collapsed by more than 40% on Friday and reached its all-time low. In a sad state of things, a company that was trading at $32 in 2021 is now going for just $0.40. In other words, $10,000 invested in Fisker at its peak would now be worth $117.Going concern risksCopy link to sectionFisker stock price has been in a strong freefall for months and the situation has moved from bad to worse. In a statement on Thurs ...

Fisker (NYSE:FSR) stock is plunging lower after the electric vehicle (EV) company reported its preliminary fourth-quarter earnings and warned of uncertainty in the future.On Thursday, Fisker warned that there was “substantial doubt” about its ability to continue as a going concern once it submits all of its filings for 2023. The company added that it would need to raise either debt or equity because Fisker’s current level of capital is not enough to support it over the next 12 months. Fisker also noted that ...

Fisker (NYSE:FSR) layoffs are coming for the electric vehicle (EV) company’s employees as it issues a warning about 2024 operations.According to an update from Fisker, the company is cutting 15% of its workforce. These layoffs are mostly connected to its switch from a direct-to-consumer sales strategy to a Dealer Partner model.At the same time it announced layoffs, Fisker also said it will be streamlining operations. This will see the company reduce its physical footprint and expenses. Adding to this is the ...

Fisker (NYSE:FSR) stock is falling hard on Friday after the electric vehicle (EV) company provided investors with an update on its latest earnings results.Included in that release is a warning for investors in FSR stock. The company includes a going concern warning in that report as it says it doesn’t have enough funds to continue operations for the rest of the year.Fisker is already working to address these issues. That includes negotiations with a current noteholder for further investments in Fisker. The ...