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Growing sales are nice, but burning cash and a disclosure of material weakness in financial controls is troubling news.
Investors in search of the next Tesla (TSLA -6.65%) may be drawn to Fisker (FSRN), with a focus on design and a differentiated business model from Rivian Automotive (RIVN 1.49%) and Lucid Group (LCID 0.96%). But there's a serious reason investors should pump the brakes before buying. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain.
.1*Stock prices used were from the morning of Nov. 14, 2023. The video was published on Nov 17, 2023.
Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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