Why ElectraMeccanica (SOLO) Stock Is Down Today
Shares of Canadian electric-vehicle maker ElectraMeccanica Vehicles (NASDAQ: SOLO) were trading down on Monday, as investors continued to unload shares after a prominent short-seller called the company's business and valuation into question.
As of 2:30 p.m. EST, ElectraMeccanica's shares were down about 7.8% from Friday's closing price.
ElectraMeccanica's shares, like the stocks of quite a few other companies in the electric-vehicle space, have drawn considerable interest from auto investors hoping to profit from the widespread adoption of electric vehicles in coming years -- and those who are mindful of the huge run-ups we've seen over the last couple of years from companies like Tesla (NASDAQ: TSLA) and NIO (NYSE: NIO).
Source Fool.com
