Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

Why?

It's the same company, with the same fundamentals that saw the price drift down to the low $3's until this week.

Just because they were able to convince a firm to issue a bullish report doesnt change their ability to make and deliver cars.

It doesnt change the certainty around all the orders that are secured by LOC's

Wait till you see the financials when they come out any day and you see how much extra cash they are burning to fund the showroom in Los Angeles

And then ask yourself, why does a company that claims to have a 2 year wait for a car, need to have a showroom with sales people offering test drives.

Yes, it is a two year wait. They claim to have 23,000 Solos on order, and claim they can make 5,000 this year and 20,000 next year.