: Fisker says it has made 5,000 Ocean SUVs, on track to reach deliveries of 300 vehicles a day later this year

EV company Fisker Inc.’s stock FSR jumped 6% early Tuesday, after the company said it expects to reach its target of deliveries of 300 vehicles a day later this year. The Los Angeles-based company said it has manufactured 5,000 Fisker Ocean all-electric SUVs, up from 3,123 as of Sept. 7, the last time it offered an update. The company has delivered over 900 customer vehicles in its Europe and U.S. launch markets with several hundred more expected to be delivered this week. “We are expanding both our teams and our physical locations, and we are targeting deliveries of 300 vehicle per day to meet strong demand for the Fisker Ocean,” CEO Henrik Fisker said in a statement. The stock has fallen 27% in the year to date, while the S&P 500 SPX has gained 13%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.