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Fisker, an EV maker, has faced a significant stock drop after cutting its production forecast and delaying the filing of its Q3 report due to 'material weaknesses' in financial controls. The stock plummeted by 22.97%. This news follows a similar trend in the EV industry, as Canoo also announced spending cuts and a smaller loss forecast for the second half of 2023. Additionally, Carsome has made significant job cuts in an effort to achieve profitability by 2024.
In 50 Words: Carsome cuts hundreds of jobs to meet 2024 profitability goal https://t.co/IxpyeLJwyT
EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss https://t.co/3wwdFEpNpB https://t.co/tjuP1oMe9i
EV maker Fisker plunges to all-time low after cutting production target https://t.co/YEwzjJfB7E https://t.co/RKnBq7sNfX
Fisker stock slammed as EV maker cuts production forecast, delays Q3 filing due to 'material weaknesses' in financial controls https://t.co/mZ8J5Tk9Oa by @Pras_S
Fisker takes another tumble, slashes production forecast https://t.co/xCZkbujbGH
Fisker stock slammed EV-maker cuts production forecast, delays Q3 filing due to 'material weaknesses' in financial controls https://t.co/tesYphEqbw by @Pras_S 🔻 $FSR -22.97% https://t.co/jXBQCCNmq4