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Why Fisker Stock Is Trading Lower Following Tesla News

Fisker Inc (NYSE: FSR) shares are trading lower by 8.70% to $7.35 going into the close of Friday's session. Shares of EV companies are trading lower during Friday's session after Tesla cut prices in the US and Europe. Lower Tesla prices could raise competition for other EV makers.


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Tesla ‘Bang For The Buck’ Semi Arrives, Ford Is America’s Second Best, Lordstown’s ‘Endurance’ Deliveries Begin And More: Week’s Biggest EV Stories

Electric vehicle stocks mostly advanced in the week ending Dec. 2, helped by market-wide optimism over a potential Fed pivot and some company-specific catalysts. The Chinese EV trio of Nio, Inc. (NYSE: NIO), XPeng, Inc.