Savvy Trades and Investments

[value1008]

ELMS - distribution partner Randy Marion group is committed to purchasing 6,000 vans by Feb. 2022 as i recall. Binding orders will be announced along the way. There's a PR about this among the dozen or more PRs over the past two months....

Also, looks like just one more step to getting NHTSA safety certification, after which the Urban Delivery van can be driven on public roads (thus far only at airports, universities/colleges, and the like.

After that certification, i expect many of those 45,000 pre-orders announced last spring to become binding orders.

And that should really launch the stock....

Btw, i've been posting a lot more about ELMS over at the ELMS ihub board.

One of the most promising developments is that EXTRA $5,000 Federal rebate for EVs that is in Biden's Build Back Better bill. It stipulates American union-built vehicles, and ELMS qualifies for that (they inherited the union contract for the Mishawaka, Indiana, plant).

This would increase the overall EV rebate to a whopping $12,500.

SO ELMS CAN CHARGE MORE FOR ITS VEHICLES, and the commercial buyer will pay LESS than a gas-powered equivalent Class 1 van, like the Ford Transit.

That will help generate huge sales for ELMS and at higher per-unit-revenues, e.g., say $36,000 for the van (up from $32,500 original price), $56,000 for the upcoming Class 3 truck in 2H 2022 (up from the currently projected price of $52,500). (Those are my estimated higher sales-prices).