Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

Q3 results are in, and surprise, surprise, deposits for cars on order are down.

As at Dec 31, 2017 deposits on hand $447,071
As at Sep 30, 2028 deposits on hand $408,912

$40K less in deposits!!!

It looks like the Seeking Alpha article was on to something.

Just went back through the old releases.

From Nov 2017 -

“today combined corporate and retail orders amounting to 120,880 of its SOLO models and 39,642 Tofino models”


https://investors.electrameccanica.com/press-releases/detail/11/electra-meccanica-announces-4-billion-order-book-for-solo

And then Oct 2018

“the Company had 23,030 pre-orders for the SOLO single-passenger electric vehicle, which has a $15,500 target MSRP, and 41,124 pre-orders for the Tofino

https://investors.electrameccanica.com/press-releases/detail/45/electra-meccanica-announces-vehicle-pre-orders-now-exceed

I’m not the best at math but it sure looks like their releases clearly say they have 97000 less orders for the Solo