Why Fisker Shares Hit an All-Time Low This Week

Fisker (NYSE: FSR) shares jumped on Thursday, but the stock was bouncing off an all-time low it hit this week. A spate of bad news has caused the electric vehicle (EV) start-up to lose more than 75% of its market value over the last three months.

That includes a drop of 17% this week as of early Friday, according to data provided by S&P Global Market Intelligence. Things got bad enough for Fisker this week that its founder and CEO felt the need to make a public statement contesting the negative reports about the company.

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Source Fool.com