Key Takeaways
- Fisker said it delivered a little more than 10,000 vehicles in 2023 and shares were up more than 12% at 11 a.m.
- This is the first year the company has made deliveries on its vehicles.
- The company had originally forecast that it make 42,000 this year.
Shares of Fisker (FSR) jumped Friday morning after the company said it had delivered 4,700 vehicles in 2023, its first year of making deliveries.
The company delivered more than 3,000 vehicles in the fourth quarter, a 300% increase from the 1,097 cars it shipped in Q3, according to a business update released Friday.
The company also said it had delivered its first vehicles in Canada in the fourth quarter and handed over its first Fisker Ocean Sport to a buyer in the U.K.The company has scaled back its ambitions significantly throughout 2023. At the beginning of the year, it said it would make more than 42,000 cars. According to Friday’s update, the company produced 10,142 vehicles in the year, in line with the guidance it provided at the beginning of December.
Shares were up 25% at about $1.85 on Friday morning. Still, they’ve lost nearly 75% of their value this year and are 93% off their all-time high.