EV Disaster: Tesla Competitor Fisker Suffers Weak Revenues, Slashes Production Targets
Fisker, a competitor of Tesla in the electric vehicle (EV) market, has released the results of a tough quarter featuring lower-than-expected revenue. The bad news didn’t stop there — the company also announced it would slash its annual production target on its Ocean SUV to just 13,000-17,000 cars from its projection of 20,000-23,000 this year.