According to Citi analyst Itay Michaeli, Fisker Inc. (NYSE:FSR) announced that bookings for the Ocean electric vehicle have surpassed 40,000 units, an increase of approximately 30% compared to mid-February and above the 35,000 units suggested by Citi's estimates in early March. The analyst said that reservations "appear robust", with the company indicating that it might sell out most of its 2023 premium models. He sees Fisker Inc. (NYSE:FSR) gaining commercial momentum in the near-term and views the update as "encouraging". The analyst kept a Buy rating on the shares with a $29 price target on April 1.