Fisker Inc. Stock Price, News & Analysis

Fisker Inc. (NYSE: FSR) has announced the official opening of dedicated operational areas at Magna's manufacturing facility in Graz, Austria, marking a significant step towards the production of the Fisker Ocean SUV. CEO Henrik Fisker and teams from various departments assessed facility readiness and initiated a countdown to production set to begin on November 17, 2022. The long-term manufacturing agreement with Magna covers planned volumes and quality metrics until 2029, aiming for competitive pricing with a starting MSRP of $37,499 in the US, while also developing new intellectual property.

Fisker Inc. (NYSE: FSR) will join the Russell 3000® Index on June 28, enhancing its visibility and attracting institutional investment. This inclusion marks a milestone following Fisker’s public listing in October. The Russell 3000® Index comprises large and small-cap stocks and serves as a benchmark for approximately $10.6 trillion in assets. CEO Henrik Fisker emphasized the company's commitment to sustainable electric vehicles, with plans to launch four models by 2025 and aiming for a 100% climate-neutral vehicle by 2027.

Fisker Inc. (NYSE: FSR) has signed a binding manufacturing agreement with Magna International Inc., finalizing a partnership initiated in October 2020. The Fisker Ocean SUV is set to begin production on November 17, 2022, at Magna's facility in Graz, Austria, which has a track record of producing over 3.7 million vehicles. This comprehensive agreement covers manufacturing costs and quality metrics, aiming for production ramp-up by 2029. The Fisker Ocean, utilizing a new FM29 platform, will have a starting MSRP of $37,499 in the U.S., aligning with Fisker’s vision of sustainable electric mobility.

Fisker Inc. (FSR) held its first-ever Annual Stockholders Meeting virtually on June 8, 2021, where all proposals were approved. Key outcomes include the election of three Class 1 directors for a three-year term, enhancing board diversity with six independent directors, of which three are women. Additionally, PricewaterhouseCoopers was ratified as the accounting firm for 2021. Fisker reaffirmed its objective of producing a Climate Neutral Electric Vehicle by 2027, emphasizing its commitment to sustainability and eco-friendly solutions.

Fisker Inc. (NYSE: FSR) aims to launch a climate neutral vehicle by 2027, committing to sustainability without relying on carbon offsets. This initiative aligns with the company's ESG strategy revealed on May 6, 2021. Fisker will use climate neutral materials and services, emphasizing a lifecycle analysis of vehicle production, from sourcing to recycling.

CEO Henrik Fisker highlighted the ambition to disrupt the mobility industry while addressing greenhouse gas emissions across supply chains. Collaborations with Magna and Foxconn support these goals, which will be detailed in the upcoming Annual Stockholders Meeting on June 8, 2021.

Fisker Inc. (NYSE: FSR) announced that its CEO, Henrik Fisker, will participate in the Evercore ISI TMT Conference on June 9, 2021, from 2:45 to 3:20 p.m. ET. This 'Fireside Chat' will be available via webcast, providing an opportunity for investors and stakeholders to engage with the company's vision for sustainable electric vehicles. Fisker aims to become the leading provider of eco-friendly mobility solutions. For more details on accessing the event, visit the Fisker investor relations website.

Fisker Inc. (NYSE: FSR) has signed a Letter of Intent with the Mekonomen Group for after-sales services in Denmark, Norway, and Sweden. This partnership will support Fisker’s asset-light business model by outsourcing vehicle delivery, maintenance, fleet management, and more. Production of the Fisker Ocean SUV is set to begin on November 17, 2022, with these markets being among the first to launch. In addition, Fisker is collaborating with Foxconn on Project PEAR, a new segment vehicle expected to enter U.S. production in Q4 2023.

Fisker Inc. (NYSE: FSR) has entered a product and service agreement with ServiceNow to enhance its employee experiences through IT Service Management (ITSM) Pro and Software Asset Management (SAM) solutions. This partnership aims to increase productivity, optimize IT operations, and enable Fisker employees to focus on delivering high-quality electric vehicles (EVs). Fisker projects to start production and deliveries of its Ocean electric SUV on November 17, 2022, with over 16,000 global paid reservations already secured.

Fisker Inc. (NYSE: FSR) announces plans to create the first all-electric vehicle for Pope Francis after a historic meeting at the Vatican. Co-founders Henrik Fisker and Dr. Geeta Gupta-Fisker shared designs for this sustainable papal transport aimed at reducing emissions during public blessings. The Fisker Ocean, with over 16,000 reservations, is set to enter production on November 17, 2022, starting at $37,499 in the U.S. The vehicle will feature sustainable materials, including carpets made from recycled plastics, and aims to provide an exhaust-free experience for gatherings.