On Monday, investors were showing their enthusiasm for electric vehicle maker Fisker Inc. (NYSE: FSR) after it announced that it expects to launch its first production car, the Ocean, in 2023. The news resulted in a surge in Fisker's stock price, with shares rising more than 8%.
This surge is a sign that investors are optimistic that Fisker may be able to turn its fortunes around in 2023. The company has been struggling since its creation in 2020, with a number of hurdles that have delayed its progress in the electric vehicle market.
However, the announcement of the Ocean appears to have changed the outlook for the company. The Ocean, which is expected to launch in 2023, will be Fisker's first production car, and if it is successful, could lead to an increase in demand for the company's products.
The Ocean is expected to have a range of up to 300 miles on a single charge, and will be sold for around $37,000. It is also being touted as a “smartphone on wheels", due to its ability to connect to the internet.
The news of the Ocean launch in 2023, along with other recent developments, has given investors hope that Fisker may be able to turn its fortunes around. Monday's surge in the stock price is a sign that investors are optimistic about the company's future, and are willing to take a chance on Fisker's products.
Monday's surge in Fisker's stock price is a sign of investor enthusiasm that the company may be able to turn its fortunes around in 2023 with the launch of its first production car, the Ocean. The Ocean is expected to have a range of up to 300 miles on a single charge, and is being touted as a “smartphone on wheels". This, along with other recent developments, has given investors hope that Fisker may be able to regain its footing in the electric vehicle market. Whether or not the company will be able to succeed in the long term remains to be seen, but the optimism among investors is encouraging.