What Happened: The Manhattan Beach, California-based company developed a new strategy to grow its real estate footprint and accelerate U.S. and European deliveries. Up to 123 vehicles were delivered to customers on Nov. 30.

Fisker also opened its first Fisker Lounge in New York City's Meatpacking District and improved delivery capabilities by establishing its own locations globally.

Fisker partnered with Boxer Property to use their real estate portfolio for vehicle delivery and logistics. The automaker also enhanced the ownership experience and will soon launch leasing solutions in Europe and North America.

Fisker is also in discussion with other automakers to sell emission credits in the U.S. and has entered into a pooling agreement in Europe.

In the first quarter of 2024, Fisker plans further initiatives to add features for improving SolarSky roof capabilities and enhance the torque split between front and rear wheels, among others.

Apart from this, the company made several changes to its finance and accounting team and hired several new senior leaders.

Price Action: FSR shares are trading higher by 1.90% at $1.61 premarket on the last check Friday.