Shares of Fisker (NYSE: FSR) pulled back Monday morning as it became the latest electric vehicle (EV) manufacturer to announce price cuts, offering another sign that the EV market is weakening.

As of 11:45 a.m. ET, the stock was down by 2% on the news after having been down by as much as 5.5% earlier in the session. 

Image source: Fisker.

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Source Fool.com