$FSR
Added 2023-09-07 11:56:02 +0000 UTCSome mixed moves in the PM this morning, was up 2% and now flat as the rest of the market is feeling it this morning too.
Very positive announcement today from $FSR that they will ramp up production from September and expect to produce 300 cars per day from Q3, up from 180 a day.
This is what we want to see and as soon as production numbers increase, the share price should respond positively.
Market Cap is only $2.1 Billion here....sales for next year should be over $1 billion alone.
This is one of the reasons I have always liked $FSR, its valuation has always been reasonable, unlike $RIVN and $LCID.
$6.41 remains the important level to flip here.....and no surprises at all to see the 200 Day MA on the daily chart here now.
Comments
Thank you for this
John Miller III
2023-09-07 14:59:21 +0000 UTC
