Fisker — Shares of the vehicle development company surged 4.1% during premarket trading after Bank of America reinstated coverage with a buy rating. BofA said Fisker offers investors “pure-play exposure to the rapidly growing EV market” and that it has a lower-risk business model relative to EV peers. Fisker also said it plans to ramp up deliveries of its Ocean vehicle to 300 per day.
Tesla — Tesla shares slipped 1% before the market open on news that the European Union will reportedly probe the EV maker over its China exports.
