Why Electrameccanica Vehicles Stock Just Popped 9.5%
Shares of Electrameccanica Vehicles (NASDAQ: SOLO), a maker of three-wheeled electric passenger cars, popped a wheelie this morning, soaring 9.5% as of 10:55 a.m. EST, and posting its second day in the green since reporting stronger-than-expected third-quarter 2020 earnings on Tuesday.
Analysts had forecast that Electrameccanica would lose $0.11 per share in the quarter. In fact, the company posted a $0.19 per share pro forma profit.
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Source Fool.com
