Fisker Inc - Ordinary Shares - Class A Aktie News

How much trouble is EV company Fisker in? Its stock has dropped from $6 last October to $.03.

There might be better times to invest in EV stocks, and I think now is the time to look for EV stocks to avoid instead. The sector is grappling with a myriad of challenges, with the biggest fishes losing a ton of value of late.

A few years after electric vehicles seemed poised to dominate the automotive industry, the stock market has sharply turned. Now, investing in electric vehicle stocks is an exercise in pain tolerance.

The EV sector continues to undergo a period of extreme difficulty. EV sales growth is slowing, adoption rates are not as high as they once were, and global demand has weakened severely.

With electric vehicle (EV) startup Fisker (OTCMKTS: FSRN ) seemingly flirting with bankruptcy and Fisker stock trading around 6 cents, Wall Street is souring on its manufacturing partner, Magna International (NYSE: MGA ). Specifically, one investment bank just downgraded MGA stock yesterday.

To describe Fisker's (OTCMKTS: FSRN ) recent saga as a rollercoaster ride would be an understatement. That includes today's performance for Fisker stock.

LOS ANGELES--(BUSINESS WIRE)-- #EVs--Fisker Inc. (“Fisker”), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced that the company has signed Fisker Miami as a dealer partner, the company's second in Florida after Fisker Jacksonville joined the Dealer Partnership program earlier this year. Quote from Fisker spokesperson: “Florida is an impo...

Fisker (OTCMKTS: FSRN ) is bankrupt in all but name only. The company hangs on by the slimmest of threads that only a miracle bailout can save while Fisker stock is a literal penny stock trading at 2 cents per share on the over-the-counter exchanges.