To date, the Company has seen strong interest in the commercial fleet and utility sectors, supporting its plans for a future pilot SOLO ecosystem in the select region.Collectively, the operation would be expected to meet the growing demand for SOLO EVs throughout the United States, where EVs are projected to exceed more than 30% of all passenger vehicles by 20401. Currency in USD, Trade prices are not sourced from all markets, How He Made $2.8M Trading Stocks Part-Time At Home. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Mercedes’ mini-Smart Car in 2019. InterMeccanica, a subsidiary of ElectraMeccanica, has successfully been building high-end specialty cars for 61 years. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. In June, following comprehensive proposal reviews and site visits at select locations, the Company narrowed the candidate list to five. Learn about financial terms, types of investments, trading strategies and more. If you had invested in Electrameccanica Vehicles Corp stock at $2.40, your return over the last 2 years would have been 15.42%, for an annualized return of 7.43%. No recent news for Electrameccanica Vehicles Corp. Electrameccanica Vehicles employs 63 workers across the globe. If the company does that, SOLO stock will turn into a 1,000% winner. View which stocks have been most impacted by COVID-19. Electrameccanica Vehicles has a market capitalization of $201.91 million and generates $580,000.00 in revenue each year. Along with BDO, the Company is now conducting final site and proposal reviews before making a selection at the end of November 2020.The proposed new U.S. facility is expected to create between 200 and 500 new jobs and feature a state-of-the art engineering technical center, including plans for multiple labs to support ongoing vehicle, chassis and power electronics testing as well as comprehensive research facilities. This will be mostly because ElectraMeccanica’s valuation today hovers at a mere $175 million (versus $10+ billion valuations for traditional, four-wheel EV makers). Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Since then, SOLO shares have increased by 81.3% and is now trading at $2.81. All Rights Reserved. But that was in the old era of car buying, and we are quickly sprinting into a new era of car buying, wherein small, electric cars should sell like wildfire. Because for years and years, those young folks put off buying cars. Who sits at the overlap of all those features? AUD/USD Forecast: Accelerating Its Decline On US Trading Hours And Approaching 0... EUR/USD Forecast: Turned Bullish In The Near-Term, Faces Resistance In The 1.180... Privacy Policy / Do Not Sell My Personal Data. Electrameccanica Vehicles' stock was trading at $1.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). At a $20,000 price point, that implies $1 billion in 2030 projected revenue for ElectraMeccanica. Some companies that are related to Electrameccanica Vehicles include The Shyft Group (SHYF), The Shyft Group (SPAR), REV Group (REVG), Kandi Technologies Group (KNDI), Stagecoach Group (SAGKF), ELIO MOTORS INC/SH SH (ELIO), Greenkraft (GKIT), EMAV (EMAV) and T3M (TTTM). Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Electrameccanica Vehicles in the last year. (Add your “outperform” vote. The stock's open price was 2.83. You may vote once every thirty days. Now for a limited time… you can get in for just $19. Many of these factors are beyond the Company’s ability to control or predict. The company can be reached via phone at 604-428-7656 or via email at [email protected]. ), Electrameccanica Vehicles has received 106 “underperform” votes. A New Era of Car Buying So, hold your horses. Of course, that’s a huge “if.” After all, it’s never happened before. Looking for new stock ideas? The SOLO provides a driving experience that is trendy, fun, affordable and environmentally friendly. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Canada. Huge Upside for ElectraMeccanica Stock ElectraMeccanica Names Arizona and Tennessee as Two Finalist States for SOLO EV U.S. Electrameccanica Vehicles' management team includes the following people: Start Your Risk-Free Trial Subscription Here, Atlassian (NASDAQ:TEAM) Stock a Buy: Team-Based Software Specialist, 3 Reasons iRobot Should be Programmed into Your Account, Sleep Easy With HNI Corporation’s (NYSE:HIN) Comfortable 3.5% Yield, It’s Time to Buy Sonos (NASDAQ: SONO) Stock, It Is Time To Take A Bite Out Of Del Taco Restaurants (NASDAQ:TACO), Lennox International Inc (NYSE:LII) Is On Breakout Watch After Q3 Earnings, Is Sorrento Therapeutics (NASDAQ:SRNE) More Than Just A COVID-19 Play, Nokia (NYSE: NOK) Stock is a Bargain Pure Play on 5G Rollout, Chipotle (NYSE: CMG) is a Buy Ahead of Earnings, 3 Big Earnings Reports to Watch in the Coming Weeks, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, 7 Stocks That Don’t Care Who Wins the Election, 7 Semiconductor Stocks to Power Your Portfolio, 7 Gold Stocks to Buy Before the Fed Changes Its Mind, Receive Analysts' Upgrades and Downgrades Daily. The long-term growth narrative on ElectraMeccanica has never looked so good. And that growth narrative – which, to-date, has been just a vision – is just two months away from materializing into a tangible reality. BDO initially identified seven candidates and sent initial requests for proposal to the chief economic development entities in each state. View, Check Electrameccanica Probability Of Bankruptcy, Electrameccanica Veh has high likelihood to experience some, The company reported the previous year's revenue of 559.71, Electrameccanica Vehicles Corp currently holds about 9.12, Roughly 48.0% of the company outstanding shares are owned by corporate. Please log in to your account or sign up in order to add this asset to your watchlist. Electrameccanica Vehicles does not currently pay a dividend. Get the latest Electrameccanica Vehicles Corp. (SOLO) stock news and headlines to help you in your trading and investing decisions. To see all exchange delays and terms of use please see disclaimer. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Stock analysis for ElectraMeccanica Vehicles Corp (ECCTF) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The company also develops and manufactures high end custom built vehicles. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Learn everything you need to know about successful options trading with this three-part video course. ElectraMeccanica, with its sub-$20,000, single-seater, electric Solo car. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. What comes next for SOLO stock could jolt you out of your seat. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. At the same time, ElectraMeccanica has three retail locations in U.S. markets which have a high number of potential Solo car buyers: Los Angeles, Phoenix and Portland, Oregon. View our full suite of financial calendars and market data tables, all for free. Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies, VANCOUVER, British Columbia, Oct. 06, 2020 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) ("ElectraMeccanica" or the "Company"), a designer and manufacturer of electric vehicles, is providing an update related to its ongoing search for the Company’s future U.S. based assembly facility and engineering technical center. Before it's here, it's on the Bloomberg Terminal. Electrameccanica Vehicles saw a increase in short interest in the month of September. Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. Based on aggregate information from My MarketBeat watchlists, some companies that other Electrameccanica Vehicles investors own include NIO (NIO), Tesla (TSLA), Advanced Micro Devices (AMD), Sorrento Therapeutics (SRNE), Blink Charging (BLNK), Micron Technology (MU), Workhorse Group (WKHS), Pfizer (PFE), NVIDIA (NVDA) and Carnival Co. & (CCL). Electrameccanica is selling for 3.01 as of the 25th of August 2020. View all competitors. Watch PreMarket Prep's Interview With The CEO And CFO Of Electrameccanica. Vancouver, BC V5T 1A4 Young consumers are finally entering the car market, so much so that they are turning into the driving force of the auto market these days. With a price/sales ratio of 194.58, Electrameccanica Vehicles Corp has a higher such ratio than 98.02% of stocks in our set. Electrameccanica Vehicles trades on the NASDAQ under the ticker symbol "SOLO.". This is a 6.36% increase since the beginning of the trading day. Receive a free world-class investing education from MarketBeat. As of September 30th, there was short interest totaling 3,480,000 shares, an increase of 40.3% from the September 15th total of 2,480,000 shares. All rights reserved. In the past three months, Electrameccanica Vehicles insiders have not sold or bought any company stock. Assembly Facility and Engineering Technical, ElectraMeccanica Reveals Awaited Utility and Fleet Version of Flagship SOLO EV, ElectraMeccanica Releases First Photos and Video from SOLO EV Assembly Line, 9th Annual Gateway Conference to Feature Electric Vehicle and Mobility Panel on Wednesday, September 9th, 2020 at 2:30 p.m. Factset: FactSet Research Systems Inc.2019. It operates in two segments, Electric Vehicles and Custom Build Vehicles. One share of SOLO stock can currently be purchased for approximately $2.75.