Fisker Inc. (FSR) in Manhattan Beach, Calif., is building a technology-enabled, asset-light automotive business model for the automotive industry. The company develops, designs, markets, leases, and sells electric vehicles (EV). FSR recently announced Project Ronin, its third vehicle after its Fisker Ocean SUV and Fisker PEAR. It also confirmed that Foxconn will build its second car, a compact EV, at a newly acquired plant in Lordstown, Ohio.
However, the stock has declined 14.6% in price over the past month and 50.4% over the past six months to close yesterday’s trading session at $10.61.
