Why Fisker Stock Is in the Fast Lane Today
Fisker (NYSE: FSR) expects to ramp up deliveries to 300 vehicles per day by year's end, a big boost for a start-up that has delivered just 900 customer vehicles so far. Investors are excited about the acceleration, sending Fisker shares up 14% in Tuesday morning trading.
Fisker is one of a number of electric vehicle start-ups bringing new designs to market in hopes of eating into 's (NASDAQ: TSLA) impressive market share. Fisker's Ocean SUV boasts a range of up to 360 miles on a single charge, making it one of the longest-range electric SUVs on sale in the U.S. or Europe.
The company has seen a lot of interest in its vehicles, but that means nothing if it can't bring them to market.
Source Fool.com
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