The outlook for Fisker Inc (NYSE:FSR), a beaten-down electric vehicle (EV) stock, just got a little brighter. Fisker recently announced that it sold 5,000 pre-orders for a limited-edition EV model and that the company is on track to start the initial production of that model on November 17.
The 5,000 “Fisker Ocean One” pre-orders represent approximately $350.0 million of potential revenue once all the vehicles are delivered.
The demand is high for Fisker Inc’s EVs as the company enters the next phase of its growth plan.
All this means Fisker stock could rise in value.
Click here to find out more about Fisker stock
This post appeared first on Profit Confidential.