What's Going On With Fisker Stock?

Fisker Inc FSR shares are flat Thursday morning after the company provided a production update. 

What Happened: Fisker said it's ramping up production of the Fisker Ocean from around 180 units per day to approximately 300 units per day in the fourth quarter. As of last week, 3,123 vehicles had been built. 

Fisker also announced that U.S. deliveries have been steady and are expected to accelerate this month. The company noted that more than 1,500 additional vehicles will be arriving by ship in the U.S. this weekend. 

"Over 3,000 vehicles have been built to date, and we'll soon be moving to approximately 300 vehicles per day with our manufacturing partner, Magna. In lock step with this, customer deliveries will be expanding even more in the United States – from the East Coast to various other regions," said Henrik Fisker, chairman and CEO of Fisker. 

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FSR Price Action: Fisker shares are down more than 15% year-to-date. The stock initially popped on the production update before pulling back. Fisker shares were last up 0.08% at $6.15, per Benzinga Pro.

Photo: courtesy of Fisker.