- Electric Vehicle maker Fisker confirmed Monday during a conference call with investors it remains on track to deliver its first vehicles this year
- The startup, based in Manhattan Beach, Calif., has now totalled approximately 65,000 orders
- It also incurred lower-than-expected expenses in 2022, coming in at US$702 million
- The company expects to deliver around 42,000 of the Ocean models this year
- Fisker Inc. (FSR) is up 30.99 percent, trading at US$7.44 at $2.53 p.m. ET
Electric Vehicle maker Fisker confirmed Monday during a conference call with investors it remains on track to deliver its first vehicles this year.
The startup, based in Manhattan Beach, Calif., has now totalled approximately 65,000 orders, the company confirmed in an earning statement Monday.
It also incurred lower-than-expected expenses in 2022, coming in at US$702 million, rather than the forecast of $715 million to $790 million.
The company completed its first drivable PEAR prototype in December and has over 5,000 for that model, which will retail for $29,000.
Orders for its Ocean are continuing to come in across two continents.
“The ability to initially sell the Ocean in the United States and seven European launch markets is unprecedented and a major de-risking strategy that we implemented at the outset,” said Chief Executive Officer Henrik Fisker said in a statement Monday while discussing the company’s earnings.
“Launching a high-quality Fisker Ocean with a class-leading range, innovations, and features is our number one priority. We have finalized our EPA and WLTP testing and our internal findings show a longer range for the Fisker Ocean than we initially projected.”
Once it hits the market, the crossover SUV is expected to have the longest range of any EV in its class, with a retail price below $70,000.
The company expects to deliver around 42,000 of the Ocean models this year as it attempts to capitalize on the growing EV market.
Fisker Inc. (FSR) is up 30.99 percent, trading at US$7.44 at $2.53 p.m. ET.