On the fly News and insights, exclusive to thefly.com

SOLO

ElectraMeccanica

$11.92 /

+2.29 (+23.78%)

12:06
11/20/20
11/20
12:06
11/20/20
12:06

Citron calls ElectraMeccanica 'complete joke,' puts $2 target on shares

Andrew Left's Citron Research took to Twitter to attack Electrameccanica Vehicles, calling the company a "complete joke". The firm known for short-selling put a $2 price target on the shares. ElectraMeccanica in midday trading is up 15% to $11.05. Citron tweeted: "$SOLO is a COMPLETE JOKE. tgt $2 Where other EV might be overvalued, this is laughable. Under $6 mil R&D last 12 months and 6 cars delivered in 2 years this stock will be the first to trade back to $2 when frenzy over. Nothing here..company run out of an apartment building...$SOLO is the EV trade for the real sucker..not one real institutional investor here....they had a going concern just a few weeks ago. OMG..over $1 bil mkt cap." ElectraMeccanica is a Canadian designer and manufacturer of electric vehicles. The company's flagship vehicle is the single-seat SOLO.

SOLO ElectraMeccanica
$11.92 /

+2.29 (+23.78%)

10/29/20 Roth Capital
Roth reiterates Buy rating on ElectraMeccanica after first deliveries from China
04/03/20 Benchmark
ElectraMeccanica downgraded to Speculative Hold at Benchmark

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.