Solo will Trade Back to $2 – Citron Research

Solo will Trade Back to $2 – Citron Research

Citron Research has termed ElectraMeccanica Vehicles Corp.’s stock, SOLO, a complete joke and said it is overvalued in a Citron’s Tweet. Andrew Left’s Research company believes the stock will trade back to $2 when the EV frenzy is over.

  • Citron basis its projection on the basis that ElectraMeccanica Vehicles Corp. has spent below $6 million in research and development in the last 12 months
  • ElectraMeccanica Vehicles Corp. has also delivered only 6 cars in 2 years.
  • Citron has instigated the company for running from an apartment building.

Citron is a research firm founded by Andrew Left that provides short-term-focused stock market information centered on terminal and fraudulent business models. 

ElectraMeccanica Vehicles Corp. stock is currently gaining. SOLO: NASDAQ is up 17.32%

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