Why ElectraMeccanica (SOLO) Stock Is Down Today
Shares of Canadian electric-vehicle maker ElectraMeccanica Vehicles (NASDAQ: SOLO) were trading lower on Tuesday, declining for a second day after a prominent short-seller called its business and valuation into question.
As of 11:15 a.m. EST, ElectraMeccanica's shares were trading at $9.16, down about 10.2% from Monday's closing price.
Investors excited about the potential for electric vehicles -- and mindful of the huge run-up in Tesla's shares over the last couple of years -- have bid up the stocks of quite a few electric-vehicle-related companies in 2020, ElectraMeccanica among them.
Source Fool.com
