A little gamble on my part and a possible tip from one of many unknown companies.
Fisker is an electric car manufacturer and its founder is a Danish car designer by the name of Henrik Fisker. The company is based in the USA.
I have been working for, or rather know Fisker $FSR for about a year now because a friend from the automotive industry brought it to my attention (he is far in the red).
However, I am now speculating on the possible turnaround of Fisker, which could come with the upcoming Q4 and annual figures on February 29, 2024.
In Q3, Fisker started to produce and sell the cars. Q3-2023 had an increase in sales of $825Tsd to $71.8M compared to Q2-2023. And in October 2023 alone, more cars were sold than in the entire Q3-2023.
The company is still far from profitable, but could make the turnaround as the very expensive development and testing is "completed" and the cars are now available on the market.
I hope you enjoyed this little insight and don't be too harsh on my investment decision.
