The downgrade to Market Perform implies that the analyst believes Fisker will perform in line with the market, rather than outperforming it as previously expected. The drastic reduction in the price target from $11 to $1 is a strong bearish signal that could negatively impact investor sentiment and the stock price in the short term. Given the significant change in the price target and rating, this news is highly relevant and important to investors, and there is a high level of confidence in the potential negative impact on FSR's stock price.