Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

Whats to believe?
Their order book for one.
They say it’s $2.4 billion, but the vast majority have not paid a deposit.
And why would I doubt that number?
Well, they announced in late 2017 that the order book was over $4billion!!!!

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

There order book dropped over $1.6billion in a year.
At that rate it will be at zero soon.
Yet he has issued releases last year saying, “now exceed $2.4billion” as if it had never been higher.
They have never addressed the massive drop in orders.


Maybe if it wasn’t so easy to find him to appear to make wildly exaggerated or false claims in his statements, I would be more inclined to put some faith in everything he says.