Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

These guys kill me every time they move the goal posts.

It was only in January, they issued an update that they would manufacture and deliver 5,000 cars by the end of 2019. they keep trumpeting their newly opened production line in China, but now the story has changed.

https://vancouversun.com/news/local-news/second-generation-of-vancouver-designed-electric-vehicle-to-be-on-market-by-september

From the article:
Caprilli said six Solo 2.0 vehicles had been delivered to North America so far, and that would go to 20 a month starting in April. The vehicles were being delivered to the Port of Los Angeles, which is the centre of the company’s primary market.

“We are alerting people right now about the impending delivery of cars,” Caprilli said. “September we will ramp up to hundreds per month and then we will sell and lease the cars to the public.

20 a month till September, might get them to 100. Then hundreds per month after that, might get them to 1,000 by year end.

Clearly they have something limiting their production capacity, if they can only project 1 car a day for the next 6 months (assuming they dont work on weekends)

Does anyone think they will be forthcoming and let the investment public know exactly what it is limiting their production?

Or should we just keep believing that all is ok everytime they issue a press release and change the delivery timelines?