Fisker Shares Fall More Than 10% After EV Startup Cuts Production Target

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Updated Nov. 13, 2023 6:39 pm ET

Electric-vehicle startup Fisker delivered a disappointing third quarter, missing analysts’ expectations on revenue and losses and leading the stock to tumble in after-hours trading.

The Manhattan Beach, Calif.-based startup last week delayed its quarterly report to Monday afternoon, attributing the change to the departure of its chief accounting officer in late October. Fisker said a new chief accounting officer began work this past week. 

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