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FN Media Group Presents Oilprice.com Market Commentary London – December 14, 2020 – There is no better gift for the car enthusiast this Christmas than half a million dollars in luxury EVs … for the price of one. A Tesla Model X starts at $80,000, and th...
The 2020 year end report card for the MDA Breakout stocks now beating the S&P 500 for the fourth year in a row with +50.3% returns through 50 weeks. 2020 data shows that following the Momentum Gauges® to avoid 20 weeks of negative signals delivered +71.7% returns in the remai...
EV players such as Electrameccanica Vehicles (SOLO), Hyliion Holdings (HYLN) and Velodyne Lidar (VLDR) are very susceptible to pullbacks because they have been riding an ongoing EV wave absent a strong base of robust fundamentals. With the EV space now starting to get crowded with new players...
2020 has been an absurd year in many ways, but it has been a fantastic year for some lucky industries such as e-commerce and electric vehicles. Tesla (NASDAQ: TSLA), NIO (NYSE: NIO) and newcomer Li Automobile (NYSE: LI) have seen their share price explode by 409%, 1158% and 84% since Januar...
The booming EV industry has driven the stocks of newly emerged companies to significant gains over the past couple of months, even absent the requisite revenue and earnings performance. Although Nikola (NKLA), Kandi Technologies (KNDI) and Electrameccanica Vehicle (SOLO) delivered triple-digi...
ElectraMeccanica Vehicles (SOLO) is readying its electric vehicles for the U.S. market, but its stock is trading at a very high premium. ElectraMeccanica Vehicles Corp. ( SOLO ) is a Vancouver-headquartered designer and manufacturer of electric vehicles (EVs). Its flagship offering...
A critical short seller's report torpedoed shares of Chinese electric car-maker Kandi Technologies (NASDAQ: KNDI) last week, and took down CBAK Energy Technology (NASDAQ: CBAT) stock as collateral damage . Today, however, things are turning around for Kandi, CBAK...
Shares of ElectraMeccanica Vehicles (NASDAQ: SOLO) rose 168.7% in November, according to data from S&P Global Market Intelligence . The Canada-based electric-vehicle (EV) company's stock surged following better-than-expected third quarter results, and also benefited from mom...
VANCOUVER, British Columbia, Dec. 04, 2020 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the "Company"), a designer and manufacturer of electric vehicles, is scheduled to participate at the following virtual financial con...
Shares of Switchback Energy Acquisition (NYSE: SBE) , CIIG Merger (NASDAQ: CIIC) , and Electrameccanica Vehicles (NASDAQ: SOLO) all dropped more than 15% today before mounting a recovery. As of 11:25 a.m. EST, Switchback shares are down 9%, CIIG shares are only 2...
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Luxury high-performance sports car carmaker Porsche has announced that it is abandoning its electric vehicle targets due to sluggish EV demand. Porsche is the latest in a growing list of established automakers that made ambitious electrification plans but have been forced to scale back amid fa...
New research has revealed that electric-vehicle demand among American drivers has waned for the first time in four years . The research confirms what many automakers have been experiencing for the past several months: the nascent EV industry is losing the steam it has gathered over the last deca...
The recent drop in electric vehicle demand that has left many automakers rethinking their electrification plans may be short-lived. New data shows that while the drop in EV sales may have forced major carmakers such as General Motors (GM) and Ford to scale down their plans amid mounting losses ...