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Electrameccanica is a startup electric vehicle manufacturer targeting the commuting, delivery, and shared mobility segment. The company produced 23 SOLO EVs in Q1 with the first customer deliveries expected later this year. Shares of SOLO are likely to remain under pressure consid...
Henrik5000/E+ via Getty Images The electric vehicle sector is humming right along despite a late warning yesterday from Lordstown Motors ([[RIDE]] -12.1%) yesterday that it may have run out cash in its pursuit of bringing the Endurance pickup truck to the market. EV startups like Workhorse Gr...
Photo by Bet_Noire/iStock via Getty Images The electric vehicle sector capped off a wild week that saw solid positive developments from Ford (F) on electrification and General Motors (GM) on deliveries expectations ride shotgun with some Reddit-fueled enthusiasm over highly-shorted names. The...
3 Penny Stocks to Watch This Week While June is only just getting started for penny stocks, we’ve already witnessed quite a bit of momentum. Trading penny stocks or any stocks for that matter over the past few months has been extremely volatile. Couple this with lower than av...
Electric car stocks are on a tear Thursday afternoon, with shares of high-end manufacturer Fisker (NYSE: FSR) rising 9.3% as of 2 p.m. EDT, while Arcimoto (NASDAQ: FUV) and Electrameccanica Vehicles (NASDAQ: SOLO) -- both makers of more eccentric, three-wheeled v...
Are These On Your List Of Penny Stocks Right Now? Looking for penny stocks to buy right now? With June getting off to a fresh start this week, there are plenty of new and continuing trends to watch coming out of a mixed month of May. The reopening trade continues to gain steam. This has...
Global electric car sales for April 2021 were up 249% YoY reaching 5.7% YTD share. Europe sales rose 136% YoY reaching 15% share, China sales rose 173% YoY reaching 10% share. EV market news - EV prices fall as battery technology improves, EV/ICE parity forecast by 2023. Consumers and...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Let’s face it, penny stocks can be nerve-wracking. While penny stocks (stocks that trade for less than $5 a share) have the potential for big gains, they can also be extremely volatile and are prone to big swings a...
With President Biden’s proposal to invest $174 billion in electric vehicle (EV) development, the domestic EV industry could witness solid growth soon despite short-term hurdles such as a global semiconductor chip shortage. Supportive government policies and regulations worldwide should...
3 EV Penny Stocks Under $4 Making Big Moves Right Now EV penny stocks have become some of the hottest names this year. This makes sense given the massive push by the Biden Administration to get the U.S. on the right track toward renewable dependence. However, given that we are still so ...
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Electrameccanica Vehicles Corp. Ltd. Company Name:
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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 ...