Tesla-rival Fisker CEO touts ‘totally different business model’ after IPO launch

Fisker (NYSE: FSR) is a maker of electric vehicles that traded for the first time on a public market on Friday. The initial public offering was part of a growing wave of special purpose (SPAC) reverse mergers that dominated the markets in recent months. IPO details Fisker traded for the first time on the New York Stock Exchange Friday as part of a SPAC reverse merger with Spartan Energy Acquisition (NYSE: SPAQ). Fisker will raise $1 billion as part of the IPO process and will allocate the funds towards manufacturing its first product, the Fisker Ocean electric SUV. Fisker currently