Why ElectraMeccanica Stock Is Surging Today
Shares of electric-vehicle maker ElectraMeccanica Vehicles (NASDAQ: SOLO) were sharply higher on Friday, moving up with other electric-vehicle stocks despite a bearish take from a widely followed short-seller.
As of 1:45 p.m. EST, ElectraMeccanica's shares were up about 19.6% from Thursday's closing price.
Investors eager to participate in the world's transition to electric vehicles have flocked to shares of companies like ElectraMeccanica in recent months. But a prominent short-seller, Andrew Left of Citron Research, isn't a fan of ElectraMeccanica -- to say the least.
Source Fool.com
