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Fisker Inc. - FSR STOCK NEWS

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.

News

Fisker to Release Ocean OS 2.0 Software Update, Improving Performance, SolarSky, Energy Management, and Other Features

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Fisker Inc. (NYSE: FSR) announced the release of its first over-the-air (OTA) software update of 2024 for the Fisker Ocean all-electric SUV. The Ocean OS 2.0 update includes performance and powertrain improvements, enhancements for SolarSky, improved energy management, and other user experience improvements. The company plans to continue frequent, progressive OTA software updates throughout 2024.
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Fisker Electrified Tour Starts Today With Stops in 17 Cities Across 11 US States

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Fisker Inc. (NYSE: FSR) launches a country-wide Fisker Electrified Tour across 17 cities in 11 US states, offering prospective customers the opportunity to test drive the award-winning Fisker Ocean. The tour is expected to conduct over 2,500 test drives by March 31st. Chairman and CEO Henrik Fisker expresses the company's commitment to meeting customer demand and providing families, EV enthusiasts, and first-time EV buyers the chance to experience the Ocean's innovative design and features.
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Fisker Welcomes Dealers From Across North America to Its First Open House and Signs First US Dealer Partner

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Fisker Inc. (FSR) announced a strategic shift to a new Dealer Partnership model to significantly scale for Fisker Ocean deliveries and higher volume production of future models. Mills Auto Group became Fisker's first US dealer partner, with over 200 dealers expressing interest in the new model. Fisker is delivering Ocean SUVs to Mills in February, with a focus on offering no-haggle pricing and superb service to customers while providing larger market territories to dealer partners.
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Fisker to Hold Dealer Open House on January 30 in Los Angeles to Advance Dealer Partnership Strategy

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Fisker Inc. announces a strategic shift to a new Dealer Partnership model, aiming to scale for Fisker Ocean deliveries and higher volume production of future models. The company plans to host a dealer open house and expects to announce commitments to the new strategy. Fisker has over 120 dealers in North America and Europe interested in the new model and has already signed up its first dealer in Europe. The transition aligns with Fisker's asset light business model and aims to offer customers no-haggle pricing on vehicles while providing dealer partners with larger market territories.
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Fisker Leadership to Attend National Automobile Dealers Association Show as Company Makes Strategic Shift to Dealer Partnerships

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Fisker Inc. announces strategic shift to dealer partnerships from direct sales to scale for Fisker Ocean deliveries and future models. CEO Henrik Fisker to share plans at NADA Show in Las Vegas. Over 100 dealers in North America and Europe express interest in the new model.
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Fisker Provides Update on Recent Business Activities

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Fisker Inc. (NYSE: FSR) is gaining momentum with its Dealership Partner model, with over 100 dealers expressing interest in the US, Canada, and Europe. The company expects to sell all remaining 2023 vehicles before the end of the first quarter and generate significant cash. Fisker also reduced its outstanding debt by $185.5 million and expects to achieve a higher contribution to cash flow from Oceans produced and sold in early 2024.
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Fisker Holds Largest Global Meetup of Owners in Company History

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Fisker Inc. (NYSE: FSR) held a global meetup of owners in the US and Europe, with approximately 2,500 current owners and prospective customers attending. The event included hundreds of test drives and exceeded the company's expectations. Chairman and CEO Henrik Fisker expressed satisfaction with the turnout and announced plans for additional owner meetups in 2024.
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Fisker Files Form 8-K With SEC Reporting New Agreements With Investor

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Fisker Inc. (NYSE: FSR) filed a Form 8-K with the SEC regarding amendments with its 2025 convertible notes investor. The company and the investor agreed that upon a definitive agreement with a strategic OEM partner, any liens on intellectual property would be released, enabling strategic collaborations. The amended agreement waives all financial covenants with respect to restricted cash used for operations. Fisker's outstanding debt under its 2025 convertible notes has been reduced by $185.5 million to $324.5 million from an aggregate originally issued amount of $510.0 million. This reduction reflects the conversion of a portion of 2025 notes to equity by the investor.
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Fisker Issues Statement on NHTSA Preliminary Evaluation

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Fisker Inc. (FSR) addresses reported braking issues with the 2023 Fisker Ocean, cooperating with NHTSA on the matter. An Over-the-Air update improved the regenerative system, meeting all US and international performance requirements.
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Fisker to Introduce Luxurious Fisker Ocean Extreme Monterey Edition

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Fisker Inc. (NYSE: FSR) announces the Fisker Ocean Extreme Monterey Edition, a special luxury version of the award-winning Fisker Ocean SUV. The Monterey Edition will feature a Sun Soaked paint treatment with color accented wheels and a distinctive interior, representing the epitome of luxury. It is expected to be ready for customer orders in the second half of 2024. The Ocean Extreme Monterey Edition will be the most luxurious offering of the Ocean lineup and will retain Fisker’s commitment to sustainability through the use of innovative recycled materials.
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FAQ

What is the market cap of Fisker (FSR)?

The market cap of Fisker (FSR) is approximately 52.8M.

What does Fisker Inc. specialize in?

Fisker Inc. specializes in designing and manufacturing electric vehicles and sustainable mobility solutions.

Where is Fisker Inc. headquartered?

Fisker Inc. is headquartered in Manhattan Beach, California.

Who leads Fisker Inc.?

Fisker Inc. is led by Henrik Fisker, a renowned automotive designer.

What is the Fisker Ocean?

The Fisker Ocean is an all-electric SUV that features impressive range, advanced technology, and an affordable price.

What are some of Fisker's recent achievements?

Recent achievements include the unveiling of the Fisker Ocean, securing key partnerships, and expanding manufacturing capabilities.

What financial strategies does Fisker Inc. employ?

Fisker focuses on cost-effective production and strategic alliances to ensure long-term growth and sustainability.

What is the Fisker PEAR?

The Fisker PEAR (Personal Electric Automotive Revolution) is a project aimed at creating more accessible and affordable electric vehicles.

How does Fisker Inc. contribute to sustainable transportation?

Fisker Inc. contributes by designing innovative electric vehicles and exploring shared mobility solutions for urban living.

Is Fisker Inc. involved in shared mobility services?

Yes, Fisker Inc. is exploring shared mobility solutions to cater to the evolving needs of urban living.

What makes Fisker Inc. a significant player in the EV industry?

Fisker's innovative approach, commitment to sustainability, and strong leadership make it a significant player in the global shift towards electric vehicles.

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Fisker Inc.

NYSE:FSR

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FSR Stock Data

52.82M
452.67M
1.29%
25.01%
17.08%
Auto Manufacturers
Consumer Cyclical
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United States
Manhattan Beach