The Brutal Lesson: Fisker's Failure and How Investors Can Profit

By Jason Hall and Tyler Crowe – Mar 30, 2024 at 3:00AM

NYSE: MGA

Magna International

Market Cap

$14B

Today's Change

(0.53%) $0.26

Current Price

$49.38

Price as of April 29, 2024, 2:11 p.m. ET

Looking for the next big thing often leads to taking the next big loss. Here are some better, safer ways to allocate capital.

In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the things that led to the undoing of Fisker as an investment and why investors should look to proven companies like Chart Industries (GTLS -0.62%) and Magna International (MGA 0.53%) to create wealth.

*Stock prices used were from the afternoon of March 27, 2024. The video was published on March 29, 2024.

Jason Hall has positions in Chart Industries. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chart Industries. The Motley Fool recommends Magna International. 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.