Why Fisker Stock Crashed in December
Electric vehicle maker Fisker (NYSE: FSR) hasn't begun producing its electric Ocean SUV yet, but its stock still seems to be trading with its peers that are in commercial production. That means plenty of volatility with sharp spikes and big dips. December was a down month, with Fisker shares lower by 26.5% for the month, according to data provided by S&P Global Market Intelligence.
That volatility hasn't really amounted to much movement over the two months, however. In fact, after a big jump in November, Fisker stock has only moved down 2% in the last two months of 2021. The December decline didn't come from any particular negative company news. It continues to make progress toward initial vehicle production later this year with its manufacturing partner Magna International.
Fisker expects to begin production of its electric Ocean SUV in November 2022. Image source: Fisker.
Source Fool.com