ElectraMeccania Vehicles Must Prove That the Tiny-Car Revolution Is Real
Amid the bevy of electric vehicle (EV) start-ups, there's no denying that ElectraMeccanica Vehicles (NASDAQ: SOLO) stands out. The automaker's flagship vehicle has three wheels, has room only for the driver and no passengers, and bears the same name as the stock's ticker: SOLO.
To call SOLO stock a speculative investment would be quite an understatement. It remains to be seen whether even the most open-minded EV buyers will embrace these unconventional vehicles.
Besides, the stock is about as stable as a three-wheeled car in a pileup: In the span of 15 months, the SOLO share price made a dizzying round trip from $2 and change to almost $10 and back. Still, risk-tolerant investors might salivate at the prospect of a turnaround in 2022. So, is it time to go YOLO with SOLO?
Source Fool.com
