Is Fisker a Buy After Announcing a Deal with Foxconn?

Electric Vehicle (EV) maker Fisker (FSR) has been making headlines after inking a major deal with Chinese EV manufacturing company Foxconn. However, because production of its EV model (Project PEAR) is not expected to begin until the fourth quarter of 2023, the company’s sales prospects remain far off. Further, a global semiconductor chip shortage and growing competition in the EV space could be major headwinds for the stock. Read on.

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