Replies to post #591 on Electrameccanica Vehicles Corp (SOLO)

[dcvancity]

You will probably get a flashy news release any day, trumpeting that their production line in China is FINALLY operational

But given that their previous news releases have laid out their expected production levels for 2019, it shouldn't move the stock.

I dont see any other news coming other than potentially another dilutive stock offering.

If my gut instinct is correct, they will start to burn more cash as they ramp up production as I firmly believe they will be selling Solos at a loss for the immediate future.

This will force them to raise a lot more cash just to get the production line up to an economical level (assuming that can even be reached)

Like Ive said before, electric cars are the future, but I dont believe Electrameccanica will be around in the future

And no, they wont be bought by any other company, Why would they? They have no proprietary information. Most car companies have prototype 3 wheeled vehicles, some even electric like Solo, and even if they were starting from scratch, they could develop one far cheaper than the cost of acquiring Electrameccanica.

And dont forget, the Solo isnt even a car

No major car company would ever release a car like the Solo as it does not meet the safety standards expected of a car from a major company.

[BottomBounce]

$SOLO Electric car buyers get boost with $5,000 incentive for consumers and tax write-offs for business https://business.financialpost.com/transportation/autos/federal-budget-2019-electric-car-buyers-get-boost-with-5000-incentive-for-consumers-and-tax-write-offs-for-business