Shares of Fisker (NYSE: FSR) traded down about 10% on Monday, a bad day for a lot of electric vehicle (EV) stocks. Investors are getting nervous about EV start-ups, and Fisker's delayed timetable to launch its vehicle is not doing much to help. Electric vehicle stocks were all the rage in 2020, but that enthusiasm has been tempered of late by worries about the onslaught of competition coming from both traditional automakers and start-ups, as well as the complexity of bringing a mass-market vehicle to market.
Fisker Inc. (NYSE: FSR, or "Fisker") – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – announced that it will report its first quarter 2021 financial results after market close on Monday, May 17, 2021. The release will be followed by a conference call at 2 p.m. PT (5 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; Dr. Geeta Gupta-Fisker, Chief Operating Officer and Chief Financial Officer; and Dr. Burkhard Huhnke, Chief Technology Officer of Fisker Inc.
Fisker Inc. ("Fisker" or "Company") (NYSE: FSR) announced that, following a statement published by the Staff of the U.S. Securities and Exchange Commission on April 12, 2021 (the "Staff Statement") regarding the accounting and reporting of warrants issued by special purpose acquisition companies ("SPACs"), the consolidated financial statement filed in its Annual Report on Form 10-K for the year ended December 31, 2020 should be restated.