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Fisker launches financing arm for vehicle, home-charger purchases

Posted by: Market Watch in Market News July 7, 2022

Shares of Fisker Inc. edged up 0.1% in premarket trading Thursday, after the electric vehicle maker unveiled a direct-to-consumer digital financing platform, Fisker Finance, that will offer loan purchase options for customers. The company said Fisker Finance will allow its customers to apply for vehicle financing and provide the ability to finance vehicle accessories, including home-charging equipment. The company said production of the Fisker Ocean EV is on track to start in November 2022. Financing of the vehicles will be offered in the fourth quarter. The stock has tumbled 33.0% year to date through Wednesday, while the S&P 500 has lost 14.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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