After Fisker's 81% November Plunge, Is it Time to Panic?
There's little doubt that it's a tough time to be an electric vehicle (EV) manufacturer. Companies not named (NASDAQ: TSLA) are burning cash producing EVs at low volume with high costs, and range anxiety, pricing, interest rates, and quality questions have caused investors to lose sleep at night.
Fisker (NYSE: FSR) hasn't escaped these concerns, and with the stock plunging 81% in November, is it time for investors to press the panic button?
It's pretty clear taking a look at the graph below that November was a rough speed bump for the young EV maker.
Source Fool.com
Tesla Inc Stock
€201.70
-0.760%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 18.99% compared to the current price of 201.7 € for Tesla Inc.
