Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells electric vehicles under the SOLO name. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. It also has two other electric vehicle candidates under the design development stage, including Super SOLO and Tofino. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through corporate owned stores. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Vancouver, Canada.
The SOLO niche market could be gigantic especially in high tourism states, cities, towns and around the world.
I think this stock has huge potential. See article link below.
On 06/16/2020, Electra announced the accelerated expansion of the company's retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon.
The company currently maintains a SOLO EV storefront at Westfield Century City in Los Angeles with a second location under contract at Westfield Fashion Square, a shopping center in Sherman Oaks, CA.
Electra said "Production for existing orders remains on target and they expect to begin deliveries of SOLO to U.S. customers starting this fall."
When you look at stocks like Workhorse (WKHS) and Tortoise (SHLL), who have not even started deliveries, SOLO is undervalued.
I think the market for SOLO is huge especially in highly populated cities like New York and Boston where parking is hard to find.
Currently, the stock has Bullish fundamentals. See below
2-Jul-20 3.13 ▲ Thu SOLO New York 29-Jun-20 2.56 Bullish Tenkan/Kijun Cross Strong 29-Jun-20 2.56 Bullish " Bullish Kijun Sen Cross Strong 25-Jun-20 1.91 Bullish Senkou Span Cross Strong 8-Jun-20 1.65 Bullish Kumo Breakout 21-May-20 1.06 Bullish Chikou Span Cross
Again, the big game changer here, SOLO in my opinion has a niche market that could explode in orders moving forward.
Long!
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i plan on holding for awhile although i do think that covid-19 effected the production and supply line i wouldn't get to excited yet. also made $25,000 on solo in 3 weeks