Elon Musk Faces Competition: Fisker Unveils 'Ronin' Four-Door Convertible
Portfolio Pulse from Benzinga Neuro
Fisker Inc. has unveiled its latest electric vehicle, the Ronin, a four-door convertible aimed at competing with Tesla's Roadster. The vehicle boasts impressive specs, including a 0 to 60 mph acceleration in about 2 seconds and around 1,000 horsepower. However, the technology behind the Ronin is not fully developed yet, with the launch planned for the end of 2025. Fisker is currently facing financial challenges with its Ocean program, losing $120 million a quarter.
August 04, 2023 | 2:46 pm
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NEUTRAL IMPACT
Fisker has unveiled a new electric vehicle, the Ronin, to compete with Tesla. However, the company is facing financial challenges, losing $120 million a quarter.
The unveiling of the Ronin could potentially boost Fisker's stock in the short term due to the excitement around new products. However, the company's ongoing financial challenges and the fact that the Ronin's technology is not fully developed yet could offset any potential gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Fisker's new electric vehicle, the Ronin, is aimed at competing with Tesla's Roadster.
The announcement of a new competitor for Tesla's Roadster could potentially have a minor impact on Tesla's stock. However, given Tesla's current dominance in the EV market and the fact that the Ronin is not expected to launch until the end of 2025, the impact is likely to be minimal in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50