Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Electrameccanica Vehicles Corp SOLO

ElectraMeccanica Vehicles Corp. is a Canada-based designer and assembler of environmentally efficient electric vehicles. The Company is focused on exploring other strategic third-party opportunities and potential options for its business primarily within the electrification sector, which includes mergers or acquisitions of other assets or entities, collaborations, including partnerships and joint ventures, divestitures, and other potential transactions.


NDAQ:SOLO - Post by User

Comment by hintonkidon Nov 20, 2020 11:16am
259 Views
Post# 31940742

RE:Why the Explosive Growth?

RE:Why the Explosive Growth?In answer to your question in regard to the high trading volume over the last few days and the strong share price performance, there may be a couple of factors at play here that are contributing to the sudden interest in the company by investors.  Firstly, the company just reported better than expected financials this week and, secondly, the company has indicated that they are expecting to announce their decision as to which of the two finalist locations they will choose to build their US vehicle manufacturing facility.  Arizona and Tennessee were the finalists.  The announcement is expected to come by the end of November.  As an additional note, SOLO has also announced that the company is now in full production of their signature vehicle at their manufacturing facility in China and they have received the first shipment of vehicles from China.  They are also opening six new dealership locations in the US shortly.  Trading volume has been up significantly as investors jump on the SOLO train in expectation that the share-price is going to see a significant rise and they don't want to miss out.  Commerical trading houses could also be taking small stakes in the company for their small-cap ETFs or mutual funds or, even, their own house positions.
<< Previous
Bullboard Posts
Next >>