Fisker: The Rise and Fall of an Electric Vehicle Company

The Company

Fisker is an American electric vehicle automaker founded by Henrik Fisker and his wife Geeta Gupta. The company was founded in 2016 and is headquartered in Los Angeles, California. Fisker's mission is to create sustainable, stylish, and affordable electric vehicles.

The Stock

Fisker's stock (FSR) has been on a rollercoaster ride since the company went public in 2020. The stock initially soared, reaching a high of $24 per share in February 2021. However, the stock has since plummeted, and is currently trading at around $8 per share.

The Challenges

Fisker has faced a number of challenges in recent months. The company has been hit by delays in the production of its first vehicle, the Ocean SUV. In addition, the company has been impacted by the global chip shortage and rising commodity prices.

The Future

Despite the challenges, Fisker remains optimistic about the future. The company is scheduled to begin production of the Ocean SUV in November 2022. Fisker is also working on a number of other projects, including a pickup truck and a sports car.