Will a New Sales Model Save Fisker (FSR) Stock?

Fisker (NYSE:FSR) stock is in the red today, bringing its year-to-date (YTD) loss to more than 10%. This morning, the electric vehicle (EV) company announced that it is in the process of developing a dealer partnership model in the U.S. and is planning on utilizing a direct sales and dealer arrangement model in Europe.“As we saw throughout 2023, the EV market has changed dramatically,” said CEO Henrik Fisker. “As a high-growth startup, Fisker is transforming its strategic efforts by putting in place the bra ...