2023-04-26 11:08:52 ET
Fisker ( NYSE: FSR ) was the leading gainer in the electric vehicle sector with a 25.05% pop in early Wednesday trading following news that its vehicles will start to be delivered in Europe on May 5. Launch markets for Fisker ( FSR ) in Europe include Austria, Denmark, France, Germany, Norway, Sweden, and the United Kingdom.
The consensus expectation is that Fisker ( FSR ) will deliver about 23K vehicles in 2023 with Europe, China, and the U.S. all expected to contribute to the overall tally.
Lucid Group ( LCID ) also outperformed on Wednesday with a 11.40% jump as of 11:05 a.m. The company has its electric vehicles out on the roads in various parts of the U.S. for testing.
Other EV gainers included QuantumScape ( QS ) +2.85% just ahead of the company's earnings report, XPeng ( XPEV ) +3.39% , and Li Auto ( LI ) +2.45% . Those gains came with a slight swing in investor sentiment to risk-on again after strong earnings reports arrived from the tech sector on Tuesday.
The losing side of the EV ledger showed losses for Wallbox ( WBX ) -10.55% , Sono Group ( SEV ) -6.55% , and Tesla ( TSLA ) -2.99% following a downgrade from Jefferies.
More on the electric vehicle sector:
- Tesla fallout: Will Detroit automakers slow down aggressive EV plans?
- Read more about Fisker's approval in Europe .
- Ford Vs. General Motors: EV Marathon
- Dig into the Seeking Alpha Quant Rating across the auto sector
For further details see:
EV jolts: Big gains for Fisker and Lucid while Tesla goes in reverse again