Shares of EV start-up Fisker (NYSE: FSR) were falling today on a down day in EV stocks due to twin warnings from ON Semiconductor and a production cut from , both of which signal more tough times ahead for the electric vehicle industry.

As a result, Fisker stock finished 8.7% on the day, while Tesla and Rivian were also down.

Image source: Fisker.

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Source Fool.com