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Fisker Is Solving Its Biggest Problem. Is the Stock Finally a Buy?

TheMotleyFool

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Fisker Is Solving Its Biggest Problem. Is the Stock Finally a Buy?: https://g.foolcdn.com/editorial/images/760225/fisker_ocean.jpg

Electric vehicle startup Fisker (NYSE: FSR) had its fair share of challenges to overcome during 2023, and that might be putting it lightly. It slashed production estimates a number of times, had a disappointing third-quarter earnings report, and its chief accounting officer resigned.

That said, investors can rejoice that the company has made plans that could solve its biggest headache: deliveries.

"We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said during the company's recent third-quarter earnings call. "People have paid and are waiting for their cars, and some of them are getting really annoyed."

Source Fool.com

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