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Fisker's woes serve as a reminder to carmakers: the doors should open

Fisker, the embattled California-based EV startup flirting with bankruptcy, is facing yet another speed bump: the US auto safety regulator is looking into reports that its doors won’t open. It’s the regulator’s third investigation into the automaker’s 2023 Ocean SUV this year.

The National Highway Traffic Safety Administration (NHTSA) said it’s received 14 complaints that the doors on Fisker’s SUVs sometimes don’t open from the inside or outside, leaving customers stuck.

As you know, opening the door is the first step to nearly everything you can do with a car. Naturally, this is likely an issue Fisker will want to address.

That said, their to-do list is rather long! Also a priority: Fisker was delisted from the NYSE last month. The company is hardly the only EV maker with manufacturing problems: some Tesla Cybertruck owners are already complaining that their $57K+ stainless steel vehicles have begun to rust. 

As you know, opening the door is the first step to nearly everything you can do with a car. Naturally, this is likely an issue Fisker will want to address.

That said, their to-do list is rather long! Also a priority: Fisker was delisted from the NYSE last month. The company is hardly the only EV maker with manufacturing problems: some Tesla Cybertruck owners are already complaining that their $57K+ stainless steel vehicles have begun to rust. 

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The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

business
Millie Giles

eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

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