EV maker Fisker falls short of Q2 production target

EV upstart Fisker produced 1,022 Ocean SUVs in the second quarter, falling short of its own expectations by several hundred vehicles.
Fisker had expected to produce between 1,400 and 1,700 EVs. The company blamed the shortfall on a shortage of components from its sub-suppliers. Fisker said it’s working with all suppliers to ramp to the required volumes.
Fisker’s missed production target sent shares lower in pre-market trading. However, shares have since rebounded and are now up more than 4% to $6.01.
The company reported that it surpassed its targeted assembly rate of 80 units per

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