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EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn

Victor Gill
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1D 1M 3M 1Y All Charts Discussion Headlines 2 hours EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn 3 hours Musk: SpaceX Will Transform Disused Oil Rigs Into Launch Pads 4 hours Canadian Oil-by-Rail Exports To U.S. Keep Rising 14 hours Iran To Receive $1 Billion In Oil Funds Previously Blocked By Sanctions 16 hours The Most Important Pipeline You’ve Never Heard Of 18 hours Iran Under Fire For Undeclared Nuclear Materials 22 hours Oil Prices Slip On Surprise Inventory Build 22 hours A New Commodities Supercycle Is Looming 23 hours Nevada Overtakes Australia To Become World’s Top Mining Destination 1 day Saudi Arabia’s Longest-Serving Oil Minister Dies At 90 1 day Luxury Tesla Competitor Ready To Go Public Following $11 Billion Deal 1 day Battery Start-up To Build Gigafactory In Norway 1 day Petrobras CEO Ousting Triggers $13B Stock Loss 2 days Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts 2 days India’s Oil Imports From North America Break Another Record 2 days Tesla’s Cheapest Model Y Is No Longer Available 2 days Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar 2 days Brazil President Ousts Petrobras CEO 5 days Texas May Lack Authority To Enforce Ban On Natural Gas Exports 5 days Some Of Texas‘ Biggest Refineries Could Take Weeks To Restart 5 days ERCOT Declares “End” To Texas “Emergency Conditions” 5 days Pemex’s Oil Production Increase Is More Illusion Than Reality 5 days Mexican President Urges Population To Conserve Energy Amid Power Shortage 5 days Ford To Go All-Electric In Europe By 2030 6 days Mexico Overhauls Its Huge Oil Hedge 6 days Tesla Model 3 Is Consumer Reports’ Top Pick For Electric Car 6 days U.S. LNG Exports Set To Exceed Pipeline Gas Exports Next Year 6 days Why Investors Are Buying Bonds Of The World’s Most Indebted Oil Company 6 days Volkswagen Shares Jump After News Of Possible Porsche Listing 6 days Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge 6 days Texas Governor Bans Natural Gas Exports 7 days WTI Climbs Above $61 As Crude Stocks Dwindle 7 days Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious” 7 days BP Launches Award Scheme To Rally Employee Support For Renewables 7 days Russia, Saudi Arabia Vow Continued Coordination In Oil Policy 7 days Gasoline Prices Could Hit $3 8 days Tesla Prepares To Build EV Factory In India 8 days Where Did The ‘Missing Barrels’ From 2020s Oil Glut Go? 8 days China Looks To Curb Exports Of Rare Earth Minerals To The U.S. 8 days Norway Averts Oil Strike At Its Largest Refinery 4 minutes IMPORTANT ARTICLE BY OILPRICE.COM EDITOR – “Naked Short Selling: The Truth Is Much Worse Than You Have Been Told” 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova 7 minutes United States LNG Exports Reach Third Place 1 min Texas forced to have rolling black outs. Not from downed power line , but because the wind energy turbines are frozen. 13 hours Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . . 19 hours NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president 3 hours The World Economic Forum & DavosSetting the agenda on fossil fuels, global regulations, etc. 5 hours Retired RAF pilot wins legal challenge over a wind farm 22 hours The latest GOP nonsense on Texas shows us the future Republicans want 4 hours Minerals, Mining and Industrial Ecology 21 hours Disaster looming in UK offshore wind power 1 day The Cyberpandemic has Begun: SolarWinds + FireEyeGmail & Google services down 24 hours U.S. Presidential Elections Status – Electoral Votes Breaking News: EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn

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Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 63.27 +1.60 +2.59% Brent Crude • 10 mins 67.10 +1.73 +2.65% Natural Gas • 10 mins 2.876 -0.003 -0.10% Mars US • 16 hours 61.37 +1.86 +3.13% Opec Basket • 2 days 63.73 +1.73 +2.79% Urals • 64 days 42.22 +0.00 +0.00% Louisiana Light • 2 days 64.31 -0.06 -0.09% Louisiana Light • 2 days 64.31 -0.06 -0.09% Bonny Light • 2 days 63.73 +0.90 +1.43% Mexican Basket • 2 days 60.53 +0.43 +0.72% Natural Gas • 10 mins 2.876 -0.003 -0.10% Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices

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Marine • 2 days 63.43 +2.09 +3.41% Murban • 2 days 63.86 +2.38 +3.87% Iran Heavy • 2 days 61.29 +0.55 +0.91% Basra Light • 2 days 64.27 -0.14 -0.22% Saharan Blend • 2 days 64.20 +0.81 +1.28% Bonny Light • 2 days 63.73 +0.90 +1.43% Bonny Light • 2 days 63.73 +0.90 +1.43% Girassol • 2 days 64.50 +0.66 +1.03% Opec Basket • 2 days 63.73 +1.73 +2.79% OPEC Members Monthly Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices

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Canadian Crude Index • 2 days 50.60 +0.42 +0.84% Western Canadian Select • 13 hours 50.17 +0.22 +0.44% Canadian Condensate • 13 hours 60.67 -0.03 -0.05% Premium Synthetic • 13 hours 62.07 -0.03 -0.05% Sweet Crude • 13 hours 59.17 -0.03 -0.05% Peace Sour • 13 hours 56.17 -0.03 -0.05% Peace Sour • 13 hours 56.17 -0.03 -0.05% Light Sour Blend • 13 hours 58.42 -0.03 -0.05% Syncrude Sweet Premium • 13 hours 60.17 -0.03 -0.05% Central Alberta • 13 hours 56.32 -0.03 -0.05% Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices

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Louisiana Light • 2 days 64.31 -0.06 -0.09% Domestic Swt. @ Cushing • 2 days 58.25 +0.25 +0.43% Giddings • 2 days 52.00 +0.25 +0.48% ANS West Coast • 3 days 64.60 +2.45 +3.94% West Texas Sour • 2 days 55.62 +0.18 +0.32% Eagle Ford • 2 days 59.57 +0.18 +0.30% Eagle Ford • 2 days 59.57 +0.18 +0.30% Oklahoma Sweet • 2 days 58.25 +0.25 +0.43% Kansas Common • 2 days 52.00 +0.25 +0.48% Buena Vista • 2 days 68.06 +0.18 +0.27% Click Here for 150+ Global Oil Prices Click Here for 150+ Global Oil Prices

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1D 1M 3M 1Y All Charts Discussion Headlines 2 hours EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn 3 hours Musk: SpaceX Will Transform Disused Oil Rigs Into Launch Pads 4 hours Canadian Oil-by-Rail Exports To U.S. Keep Rising 14 hours Iran To Receive $1 Billion In Oil Funds Previously Blocked By Sanctions 16 hours The Most Important Pipeline You’ve Never Heard Of 18 hours Iran Under Fire For Undeclared Nuclear Materials 22 hours Oil Prices Slip On Surprise Inventory Build 22 hours A New Commodities Supercycle Is Looming 23 hours Nevada Overtakes Australia To Become World’s Top Mining Destination 1 day Saudi Arabia’s Longest-Serving Oil Minister Dies At 90 1 day Luxury Tesla Competitor Ready To Go Public Following $11 Billion Deal 1 day Battery Start-up To Build Gigafactory In Norway 1 day Petrobras CEO Ousting Triggers $13B Stock Loss 2 days Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts 2 days India’s Oil Imports From North America Break Another Record 2 days Tesla’s Cheapest Model Y Is No Longer Available 2 days Iraq Pauses Massive Prepaid Oil Deal With China As Prices Soar 2 days Brazil President Ousts Petrobras CEO 5 days Texas May Lack Authority To Enforce Ban On Natural Gas Exports 5 days Some Of Texas‘ Biggest Refineries Could Take Weeks To Restart 5 days ERCOT Declares “End” To Texas “Emergency Conditions” 5 days Pemex’s Oil Production Increase Is More Illusion Than Reality 5 days Mexican President Urges Population To Conserve Energy Amid Power Shortage 5 days Ford To Go All-Electric In Europe By 2030 6 days Mexico Overhauls Its Huge Oil Hedge 6 days Tesla Model 3 Is Consumer Reports’ Top Pick For Electric Car 6 days U.S. LNG Exports Set To Exceed Pipeline Gas Exports Next Year 6 days Why Investors Are Buying Bonds Of The World’s Most Indebted Oil Company 6 days Volkswagen Shares Jump After News Of Possible Porsche Listing 6 days Iraq Boosts Oil Exports In Early February Despite OPEC+ Pledge 6 days Texas Governor Bans Natural Gas Exports 7 days WTI Climbs Above $61 As Crude Stocks Dwindle 7 days Saudi Arabia Warns Oil Producers To Remain “Extremely Cautious” 7 days BP Launches Award Scheme To Rally Employee Support For Renewables 7 days Russia, Saudi Arabia Vow Continued Coordination In Oil Policy 7 days Gasoline Prices Could Hit $3 8 days Tesla Prepares To Build EV Factory In India 8 days Where Did The ‘Missing Barrels’ From 2020s Oil Glut Go? 8 days China Looks To Curb Exports Of Rare Earth Minerals To The U.S. 8 days Norway Averts Oil Strike At Its Largest Refinery 4 minutes IMPORTANT ARTICLE BY OILPRICE.COM EDITOR – “Naked Short Selling: The Truth Is Much Worse Than You Have Been Told” 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova 7 minutes United States LNG Exports Reach Third Place 1 min Texas forced to have rolling black outs. Not from downed power line , but because the wind energy turbines are frozen. 13 hours Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . . 19 hours NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president 3 hours The World Economic Forum & DavosSetting the agenda on fossil fuels, global regulations, etc. 5 hours Retired RAF pilot wins legal challenge over a wind farm 22 hours The latest GOP nonsense on Texas shows us the future Republicans want 4 hours Minerals, Mining and Industrial Ecology 21 hours Disaster looming in UK offshore wind power 1 day The Cyberpandemic has Begun: SolarWinds + FireEyeGmail & Google services down 24 hours U.S. Presidential Elections Status – Electoral Votes Breaking News: EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn

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Share Facebook Twitter Google + Linkedin Reddit Related News A New Commodities Supercycle Is Looming Nevada Overtakes Australia To Become World’s Top Mining Destination Saudi Arabia’s Longest-Serving Oil Minister Dies At 90 Luxury Tesla Competitor Ready To Go Public Following $11 Billion Deal Battery Start-up To Build Gigafactory In Norway EV Maker Fisker Sees Share Price Explode As It Partners With Foxconn By ZeroHedgeFeb 24, 2021, 11:30 AM CST Electric-car maker Fisker entered into a  memorandum of understanding  with Foxconn Technology Group, the world’s biggest electronics manufacturer, to build electric vehicles as soon as the fourth quarter of 2023. It seems Fisker is getting another shot at making electric vehicles after  declaring bankruptcy in 2013 .

I’m super excited about our collaboration with Foxconn! This vehicle is so revolutionary that we HAVE to keep is secret until the launch in end of 2023! It might be too futuristic for some! We will see! #Fisker #love #EVs #ESG #ClimateAction pic.twitter.com/gCA6spf1hm

— Henrik Fisker (@henrikfisker) February 24, 2021

Fisker‘s shares jumped nearly 18% in trading in the premarket, and its share price zoomed above $20 at 12:25 PM ET. 

Taiwan’s Foxconn is expected to build more than 250,000 vehicles per year. The electric cars are expected to be distributed to North America, Europe, China, and India markets. 

Related: Goldman Sachs Sees $75 Oil In Q3 2021

“Projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022,” the company press release said.  

“We created our company to disrupt every convention in the auto industry,” Fisker Chairman and Chief Executive Officer, Henrik Fisker said in a statement. 

The creation of Project PEAR with Foxconn brings together two likeminded and complementary companies, each focused on creating new value in a traditional industry. We will create a vehicle that crosses social borders, while offering a combination of advanced technology, desirable design, innovation and value for money, whilst delivering on our commitment to create the world’s most sustainable vehicles,” Fisker continued. 

  “The Fisker and Foxconn partnership brings together two global leaders in innovation that will join forces to unlock the potential of the electric vehicle industry,” said Foxconn Technology Group Chairman, Young-way Liu.” 

“Not unlike when Isaac Newton realized the powers of gravity, the inspiration for this project has come from some unconventional sources,” added Fisker. “The design sketch hints at the direction we are taking. However, with the level of innovation planned for this vehicle, I intend to keep the final design a surprise until the last possible moment!”

While automakers, big and small, are increasingly releasing new models – that crowding-out effect may not be a good fit for Tesla, whose equity valuations are sky-high. As of Feb. 23, Tesla‘s PE ratio, a simple way to assess whether a stock is over or undervalued, is at a mind-numbing 1,141. 

More or less, the flood of electric cars entering the market in the next couple of years may not be the best news for Tesla unless Elon Musk continues to buy Bitcoin. 

By Zerohedge.com

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