(Reuters) – Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading.
The California-based company produced 1,022 units of its Ocean SUV in the quarter ended June, lower than 1,400-1,700 vehicles it had projected.
“A few suppliers had challenges ramping to the targeted 2Q levels, as they did not receive components from sub-suppliers in a timely manner,” Fisker said in an exchange filing, adding that it expected to produce over 1,400 vehicles in early July.
Fisker, which will report second-quarter earnings on August 4, produced 55 vehicles in the March quarter.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Savio D’Souza and Arun Koyyur)
