Fisker Reports Q2 2023 Losses, Cuts Production Target Due To Supply Woes via InsideEVs
California-based Fisker has cut its production forecast for the year due to supply chain troubles, the brand said in its Q2 earnings call.
Its original projection was to manufacture between 30,000 to 36,000 electric vehicles in 2023, although Fisker has now slashed that forecast to between 20,000 and 23,000 units. The production woes are also contributing to its operational losses – the brand lost $87.9 million in Q2 2023, marginally less than the $88.6M it lost in Q2 2022.that it lost $120M in the first three months of this year, but an operating profit is expected in Q4 2023, as perFisker is among many EV start-ups facing troubles in ramping up production, and they continue to post operational losses in an effort to grab a share of the growing EV pie.
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