Welcome to our dedicated page for Fisker news (Ticker: FSR), a resource for investors and traders seeking the latest updates and insights on Fisker stock.
Fisker Inc. (FSR) is a pioneering company in the electric vehicle (EV) industry, specializing in the design and manufacture of sustainable and innovative mobility solutions. Headquartered in Manhattan Beach, California, Fisker is committed to revolutionizing the automotive sector with its eco-friendly vehicles.
The company is spearheaded by Henrik Fisker, a renowned automotive designer. Fisker Inc. focuses on creating electric vehicles that combine cutting-edge technology with sleek, modern design. Their core product, the Fisker Ocean, is an all-electric SUV that has garnered significant attention for its impressive range, advanced features, and affordable price point.
Recent achievements include the unveiling of the Fisker Ocean at international auto shows, securing key partnerships with global suppliers, and expanding their manufacturing capabilities. Fisker is actively working on expanding its product lineup, with projects like the Fisker PEAR (Personal Electric Automotive Revolution), aimed at creating more accessible and affordable EV options for consumers.
Financially, Fisker Inc. is positioning itself for long-term growth by focusing on cost-effective production and strategic alliances. The company's innovative approach and commitment to sustainability have attracted significant investor interest and support.
Fisker Inc. is not just about cars; it is about reimagining the future of mobility. The company's vision extends beyond individual ownership to include shared mobility solutions and services that cater to the evolving needs of urban living.
With a dedicated team of experts, robust financial backing, and a clear vision for the future, Fisker Inc. is set to play a significant role in the global shift towards electric vehicles and sustainable transportation solutions.
Fisker Inc. (NYSE: FSR) has launched The Fisker Magic Works, a UK-based engineering division for low-volume, custom vehicle development, led by David King, the new SVP of Engineering. This initiative aims to innovate within Fisker’s vehicle portfolio, emphasizing rapid development and specialized features. The Fisker Ocean is on track to start production on November 17, 2022, with UK deliveries set for 2023. CEO Henrik Fisker announced a commitment to four distinct vehicle lines by 2025, reinforcing their position in the electric vehicle market.
Fisker Inc. (NYSE: FSR) announced its participation in upcoming investor conferences through webcasts. CEO Henrik Fisker will speak at the RBC Capital Markets Global Industrials Conference on September 9, 2021, and the Morgan Stanley Virtual Ninth Annual Laguna Conference on September 15, 2021. Both events will cover Fisker’s business strategy and updates on the Fisker Ocean vehicle, with production and deliveries expected to begin in November 2022. Interested parties can register for the events via the provided links.
Fisker Inc. (NYSE: FSR) announced a collaboration with racing driver Abbie Eaton, who will work on the Fisker Ocean SUV program focusing on chassis and vehicle dynamics. Eaton's experience as a test driver will support the development of performance-oriented electric vehicles.
Fisker aims to build production-intent prototypes for the Ocean by Q4 2021, enhancing its commitment to creating exciting electric vehicles. The initiative underscores Fisker's goal of disrupting perceptions of electric vehicle capabilities beyond straight-line acceleration.
Fisker Inc. (NYSE: FSR) has announced the pricing of $625 million in 2.50% Green Convertible Senior Notes due 2026, an increase of $25 million from the initial offering. The company has granted purchasers an option for an additional $100 million. The notes will bear interest payable semi-annually starting March 2022, with a conversion rate of 50.7743 shares per $1,000 principal. Fisker plans to use proceeds for green projects and capped call transactions. Closing is expected on August 17, 2021, pending conditions.
Fisker Inc. (NYSE: FSR) plans to offer $600 million in Green Convertible Senior Notes due 2026, targeting qualified institutional buyers. An additional $90 million may be offered if initial purchasers exercise their options. The notes will be unsecured, with interest payments starting March 15, 2022. Proceeds will fund eligible green projects, including the PEAR program and technology development. Fisker aims to hedge potential dilution through capped call transactions. This offering is not an offer to sell in jurisdictions where it is unlawful.
Fisker Inc. (NYSE: FSR) announced that CEO Henrik Fisker will participate in the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, from 2:00 to 2:25 p.m. ET. The discussion will focus on the development of the Fisker Ocean and Fisker PEAR electric vehicles, along with President Biden's goal of 50% EV sales in the U.S. by 2030. The event will be available via webcast, which can be registered for here.
Fisker Inc. (NYSE: FSR) reported its Q2 2021 financial results, noting a cash balance of $962 million as of June 30, 2021. The company remains on track for the Fisker Ocean's production start on November 17, 2022, targeting over 5,000 units per month by 2023. Fisker reported a net loss of $46.2 million and a loss per share of $0.16. The company aims to produce climate-neutral vehicles by 2027 and has received approximately 17,500 reservations for the Fisker Ocean, with expectations to reach 25,000 by year-end 2021.
Fisker (NYSE: FSR) has announced a $10 million PIPE investment to support the merger of European EV charging network Allego B.V. with Spartan Acquisition Corp. III (NYSE: SPAQ). As the sole EV automaker in the PIPE, Fisker aims to enhance its charging services for customers in Europe. The partnership includes a promotion for Fisker Ocean SUV buyers, offering one year of free charging via Allego's network. Allego, operational in 12 European countries, boasts over 26,000 charging ports, showing a commitment to expanding its EV infrastructure.
Fisker Inc. (NYSE: FSR) announced plans to open its first global Brand Experience Center in Los Angeles in the first half of 2022, followed by another in Munich. The centers will allow potential customers to see Fisker's vehicles and interact with product experts. Fisker aims to open additional centers in London, New York, Miami, and Copenhagen. The Fisker Ocean, set to debut at the 2021 LA Auto Show, has over 17,300 paid reservations and a starting price of $37,499 in the U.S. Production is scheduled for November 17, 2022.
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