Fisker Inc. FSR dropped a bombshell on the world Wednesday when Chairman and CEO Henrik Fisker unleashed a statement. Here’s the lowdown.
The Details: Henrik went on the warpath in his statement, dismissing negative reports about the company as “overblown.” He threw down the gauntlet, pointing to the company’s massive strides in the business plan as hard evidence of its progress. He even tooted the company’s horn, boasting about its industry firsts — topping it off with the fact that it’s launched in 11 countries so far.
Henrik doubled down on his belief in the company’s long-term prospects, taking a jab at the stock’s current share price, insisting it doesn’t give the company the credit it deserves.
He made it crystal clear that he’s got the company’s back by declaring, “Our teams are working tirelessly to scale our operations and to continue to execute on our innovative business model.”
After highlighting the company’s delivery of its inaugural vehicles from its blazing new locations in Oklahoma and New York, he wrapped it up by announcing plans to drop the next business update later in December.
But here’s the kicker: while Fisker stock took a nasty nosedive of over 10% in Wednesday’s trading session, the shares managed to crawl their way back up after hours.
FSR Price Action: According to Benzinga Pro, shares of Fisker Inc. were up 0.71% at $1.43 in the after-hours session at the time of publication.
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