Fisker (FSR) Has 40,000 Pre-Orders, Needham Initiates Coverage

Fisker (FSR) stock is down more than 35% in 2022. George Tsilis joins Alex Coffey and Jenny Horne to discuss FSR. He talks about how FSR has 40,000 pre-orders, despite not producing any cars yet. He also goes over how FSR is in the business of designing vehicles as they outsource all of their production. He also notes that Needham initiated coverage of FSR with a buy rating noting that FSR says its "Ocean" SUV will offer cutting edge technology at an affordable price. He then compares FSR to other EV stocks like Lucid (LCID), Rivian (RIVN), and Tesla (TSLA). Tune in to find out more about the stock market today.