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<blockquote data-quote="Babagounj" data-source="post: 5735322" data-attributes="member: 12952">[URL unfurl=&quot;true&quot;]https://www.marketwatch.com/articles/fisker-stock-price-cuts-e89118e9[/URL]Fisker (ticker: FSR) <a href="https://investors.fiskerinc.com/news/news-details/2023/Fisker-Lowers-Price-in-U.S.-for-Top-Level-Fisker-Ocean-Extreme-and-Provides-Price-Adjustment-to-Existing-Customers.-Fisker-Opens-2024-Orders-for-All-Trim-Levels-Including-Ultra-and-Sport-With-New-Pricing/default.aspx" target="_blank">announced</a> it was cutting the price of its Ocean Extreme trim to about $61,500 from $69,000. It’s $7,500 off. What’s more, reservation holders who have already agreed to pay the higher price will get a $7,500 credit.Investors don’t like price cuts. It can signal less demand or more competition. Both are likely true.&nbsp; &nbsp; &nbsp; &nbsp; <a href="https://www.marketwatch.com/investing/stock/TSLA?mod=MW_story_quote" target="_blank">Tesla</a>&nbsp; &nbsp; &nbsp;&nbsp; (TSLA) has been <a href="https://www.marketwatch.com/articles/tesla-price-cuts-auto-stocks-51674085042?mod=article_inline" target="_blank">cutting prices</a> aggressively in 2023 to offset the impact of <a href="https://www.marketwatch.com/articles/tesla-earnings-stock-price-1e2f371a?mod=article_inline" target="_blank">higher interest rates</a> on buyers. Higher rates equal higher monthly payments for vehicles bought with financing. Tesla’s price cuts have also pressured just about every other EV maker to do the same.</blockquote>

[QUOTE="Babagounj, post: 5735322, member: 12952"] [URL unfurl="true"]https://www.marketwatch.com/articles/fisker-stock-price-cuts-e89118e9[/URL] Fisker (ticker: FSR) [URL='https://investors.fiskerinc.com/news/news-details/2023/Fisker-Lowers-Price-in-U.S.-for-Top-Level-Fisker-Ocean-Extreme-and-Provides-Price-Adjustment-to-Existing-Customers.-Fisker-Opens-2024-Orders-for-All-Trim-Levels-Including-Ultra-and-Sport-With-New-Pricing/default.aspx']announced[/URL] it was cutting the price of its Ocean Extreme trim to about $61,500 from $69,000. It’s $7,500 off. What’s more, reservation holders who have already agreed to pay the higher price will get a $7,500 credit. Investors don’t like price cuts. It can signal less demand or more competition. Both are likely true. [URL='https://www.marketwatch.com/investing/stock/TSLA?mod=MW_story_quote']Tesla[/URL] (TSLA) has been [URL='https://www.marketwatch.com/articles/tesla-price-cuts-auto-stocks-51674085042?mod=article_inline']cutting prices[/URL] aggressively in 2023 to offset the impact of [URL='https://www.marketwatch.com/articles/tesla-earnings-stock-price-1e2f371a?mod=article_inline']higher interest rates[/URL] on buyers. Higher rates equal higher monthly payments for vehicles bought with financing. Tesla’s price cuts have also pressured just about every other EV maker to do the same. [/QUOTE]

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