Poor $FSR got added into a report along with $RIVN and $LCID that they may go bankrupt if $TSLA continues to price cut....this report got released today and $TSLA announced they were increasing their prices last night....so I wonder how much credibility that report has now. That being said $FSR has a lean operation, they have outsourced their entire operation to MAGNA, who have been around for many years and know how to scale car manufacturing.
$FSR chart doesn't look great and in my last update, I said if it loses the first target, it may go to the next target at $3. This is a possibility.
Gareth Neary
2023-04-21 14:20:26 +0000 UTCSLim
2023-04-21 14:17:21 +0000 UTC