Fisker Shares Fall More Than 10% After EV Startup Cuts Production Target

Electric-vehicle startup Fisker delivered a disappointing third quarter, missing analysts’ expectations on revenue and losses and leading the stock to tumble in after-hours trading.

The Manhattan Beach, Calif.-based startup last week delayed its quarterly report to Monday afternoon, attributing the change to the departure of its chief accounting officer in late October. Fisker said a new chief accounting officer began work this past week.