EV company Fisker Inc.’s stock
FSR,
jumped 6% early Tuesday, after the company said it expects to reach its target of deliveries of 300 vehicles a day later this year. The Los Angeles-based company said it has manufactured 5,000 Fisker Ocean all-electric SUVs, up from 3,123 as of Sept. 7, the last time it offered an update. The company has delivered over 900 customer vehicles in its Europe and U.S. launch markets with several hundred more expected to be delivered this week. “We are expanding both our teams and our physical locations, and we are targeting deliveries of 300 vehicle per day to meet strong demand for the Fisker Ocean,” CEO Henrik Fisker said in a statement. The stock has fallen 27% in the year to date, while the S&P 500
SPX,
has gained 13%.