Fisker released its first-quarter financial results on May 9, and the numbers don't look that good despite the fact it was the company's first quarter as a revenue-generating company.
The EV startup reported a wider loss for the period than expected and cut its production guidance for the full year to 32,000-36,000 Fisker Ocean SUVs, down from 42,400 in its earlier guidance. Fisker blamed both setbacks on last-minute snags as it is in the very early stages of production at contract manufacturer Magna Steyr's plant in Graz, Austria.
