FSR

Fisker is seeking the approval of the Delaware bankruptcy court judge to sell 3,321 Ocean electric SUVs in its inventory at a significantly reduced price of around $14,000 per vehicle. What Happened: Fisker, which filed for bankruptcy protection in June, is looking for approvals to sell 3,321 Ocean SUVs to New York-based American Lease for an aggregate of $46.25 million, not including delivery charges. It would mean that the company would be selling each Ocean SUV at just around $14,000 if given the nod. The price point of $14,000 is significantly lower than the vehicle’s current price as listed on the company website. According to Fisker, the cheaper Ocean variant called Sport start

Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

8-K - Fisker Inc./DE (0001720990) (Filer)

NT 10-Q - Fisker Inc./DE (0001720990) (Filer)

8-K - Fisker Inc./DE (0001720990) (Filer)

8-K - Fisker Inc./DE (0001720990) (Filer)

Electric vehicle shares mostly advanced this week, riding high on the broader market strength as the Federal Reserve hinted at potential rate cuts. Here are the key events that happened in the EV space during the week: Tesla’s China FSD Potential, More Job Cuts : A surprise visit by Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk to China was received positively by the market, with the stock jumping over 15% on Monday. The optimism stemmed from reports of the company receiving approval to roll out its full self-driving technology in China. BofA’s John Murphy estimates incremental annual revenue of half a billion dollars and earnings of $350 million for Tesla if 25% of Tesla owners adopt FSD.

Beleaguered EV maker Fisker Inc. (OTC:FSRN) has reportedly initiated a new round of layoffs amid fears of impending bankruptcy. What Happened: The electric vehicle (EV) startup’s CEO, Henrik Fisker, informed employees of the decision in an internal email, reported TechCrunch. The company is "continuing to evaluate all viable options for our business, including a potential transaction, and we are committed to identifying potential buyers and pathways to infuse capital into the business," Fisker reportedly wrote in the email. "That said, we must preserve cash to help keep these options available to us," he wrote while adding that the company will further reduce staff. It is unc

8-K - Fisker Inc./DE (0001720990) (Filer)

Most electric vehicle stocks retreated along with the broader market in the week that ended on April 19, with company-specific developments also weighing down on stocks. It was a week to forget for Tesla, Inc. (NASDAQ:TSLA), as the stock settled at the lowest level since January 2023. Here are the key events that happened in the EV space during the week: Tesla Job Cuts, Estimate Re-Ratings And More: Tesla opted to right-size operations amid its fundamental travails. An email from CEO Elon Musk shared by media said the company let go 10% of its global workforce, amounting to about 14,000 employees. Musk justified the move by stating on X, “Every half decade or so, Tesla has to undergo a

Electric vehicle stocks had a mixed week as they reacted to a hotter-than-expected March inflation reading and the prospect of the interest-rate environment remaining inclement for potential car buyers. That said, Tesla, Inc. (NASDAQ:TSLA) ended a volatile week higher amid uncertainty about the company’s strategy toward robotaxis and sub-$30,000 EVs. Here are the key events that happened in the EV space during the week: Tesla Drops FSD Pricing And More: After making its “supervised self-driving” technology available for a free one-month trial in the U.S., Tesla has taken another step to increase its adoption. “You can now subscribe to FSD (Supervised) for $99/month in the US,” Tesl

3 - Fisker Inc./DE (0001720990) (Issuer)

25-NSE - Fisker Inc./DE (0001720990) (Subject)

8-K - Fisker Inc./DE (0001720990) (Filer)

8-K - Fisker Inc./DE (0001720990) (Filer)

8-K - Fisker Inc./DE (0001720990) (Filer)

Despite the broader market finishing at a record high, the mood in the electric vehicle space continued to be mixed. From established players such as Tesla, Inc. (NASDAQ:TSLA) to startups such as Fisker, Inc. (NYSE:FSR), companies have faced challenging conditions in the industry. Here are the key events that happened in the EV space during the week: Tesla Analysts Temper Targets, FSD Free Trialing And More: This week, more sell-side analysts reduced their first-quarter deliveries target for Tesla. Bullish analyst Daniel Ives from Wedbush reduced his target from 475,000 units to 425,000 units, citing a “perfect storm” of demand issues that hit the quarter, which in turn hurt delivery

Beleaguered electric vehicle startup Fisker Inc. reportedly lost millions of dollars in customer payments due to lax internal procedures. This forced an internal audit in December and diverted resources from the company’s sales team during a crucial restructuring period. What Happened: According to TechCrunch, citing anonymous sources, the company eventually recovered most of the payments, which included down payments and full vehicle prices. However, the internal confusion caused delays in processing these funds. “Checks were not cashed in a timely manner or just lost altogether. We were often scrambling to find checks, credit card receipts, and any wired funds months after a vehicle

Fisker reduces US MSRP on the 2023 Ocean Extreme trim from $61,499 to $37,499.1 2023 Fisker Ocean Ultra trims reduced from $52,999 to $34,999 MSRP, and 2023 Sport trims from $38,999 to $24,999 MSRP.1 Fisker is strategically positioning Ocean to be a more affordable and compelling EV choice, competitively available to EV buyers. Fisker Inc. ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced reductions in Manufacturer's Suggested Retail Price (MSRP) on many model year 2023 Fisker Oceans in the US. Fisker is lowering the MSRP of the 2023 Ocean Extreme trim by $24,000, to $37,499 from $61,499 MSRP.1 This press rele

- Bloomberg News

Fisker Inc (NYSE:FSR) stock was delisted from the New York Stock Exchange Tuesday, and Jim Cramer said another EV startup could suffer the same fate. Fisker’s Downward Spiral: In a regulatory filing released Monday, Fisker said the NYSE notified the company that it would immediately suspend trading of its common stock due to “abnormally low” trading price levels and commence proceedings to delist its stock. Fisker said the delisting notice will trigger requirements to offer to repurchase its convertible senior notes due 2025 and 2026. The company noted that it does not have sufficient cash or financing to repurchase the notes and warned that the delisting event could have a material a

Fisker Inc (NYSE:FSR) is facing delisting from the New York Stock Exchange due to its share price falling to “abnormally low” levels, with trading suspended shortly after.  This development follows the collapse of potential deal talks with a giant automaker, pushing Fisker to explore strategic alternatives, including restructuring and capital markets transactions.  The failed negotiations have triggered a need for Fisker to possibly repurchase its convertible notes due in 2026 and 2025, raising concerns about a default event that could significantly impact its operations and financial health.  This situation exacerbates the challenges for Fisker, which has already paused its electri

8-K - Fisker Inc./DE (0001720990) (Filer)

Trading in the Company's Class A common stock will be suspended immediately.

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite turning higher on Monday. The Dow traded down 0.37% to 39,331.42 while the NASDAQ rose 0.06% to 16,439.38. The S&P 500 also fell, dropping, 0.12% to 5,227.95. Check This Out: Progress Software Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts   Leading and Lagging Sectors   Energy shares jumped by 1% on Monday. In trading on Monday, industrials shares fell by 0.5%.   Top Headline   Sales of new single-family houses in the U.S. fell by 0.3% from the prior month to an annualized rate of 662,000 in February, compared to market estimates of 67