InvestorPlace – Stock Market News, Inventory and Trading
After reviewing a presentation of ElectraMecanica Vehicles (NASDAQ: SOLO) and reading some reviews of your flagship vehicle, I am a little more positive about solo stocks. But I still think that only long-term, risk-tolerant investors buy the shares.
ElectraMeccanica’s CHIEF Financial Officer, Bal Bhullar, has highlighted several protections that have been incorporated into ElectraMeccanica’s flagship car, the Solo. In particular, the three-wheeled vehicle features a anti-roll bar, front and rear deformation zones and “robust shock and turn protection”.
When I wrote my first column in ONLY Stock last month, I wondered about the protection characteristics of the vehicle. After all, many people, myself included, would hesitate to buy a car that is much safer than a motorcycle, but when I listen to Bullar’s presentation, I am convinced that the Solo is much safer than a motorcycle.
On a negative note, I didn’t hear Bullar mention that the vehicle had an airbag, and a May 2019 review at Jalopnik indicated that three-wheeled cars are inherently more likely than four-wheel cars to overturn when they spin too fast. In addition, a critic he wrote for Hackaday pleaded with The Solo drivers to “drive like you’re on a motorcycle: defensively, assuming no one sees you.”
However, Jalopnik noted that the Solo would handle “a typical turning manoeuvre at road speeds” without any problem, and Hackaday stated that the Solo “usually feels safe”.
Speaking of reviews, 3 of the 4 ElectraMeccanica Solo reviews I discovered were generally positive. Hackaday called the Solo “interesting,” said he “deserved the chance to break the car mold” and said his look was outstanding.
The so-called also said his ending reminded him of a Tesla Roadster (NASDAQ: TSLA) he was driving in 2007.
Instead, they called the inside of the first Solo “primitive,” said their brakes had to be pressed hard and said it wasn’t as exciting to drive as a Tesla or General Motors’ Chevrolet Bolt (NYSE: GM).
It should be noted that India’s Economic Times reports that Leona Green, a Canadian entrepreneur who used her Solo to deliver sandwich trays for years, has been highly praised by the vehicle.
Much less positive Motor Trend, which reviewed an early edition of Solo by ElectraMeccanica in February 2019. The critic, who said he was six feet tall, complained about what he called narrow interior, primitive demonstration, and slow acceleration.
I remain convinced that, as I pointed out in my previous article, the Meccanica Electric Solo fits perfectly with suburban millennials who want to drive an electric vehicle but cannot afford the abundant sums needed to obtain a traditional electric vehicle at this stage. Point.
Also, I keep saying that the Solo is a smart selection for home painting professionals, and I think the vehicle might be suitable for those who have used public transport in the afterlife but don’t need to during the pandemic.
Also, as I mentioned earlier, I’m more positive about inventory ONLY after listening to Bullar’s presentation and reading Solo reviews. I was disappointed that Bullar did not cited information about Solo’s orders, nor does the company seem to be offering vehicle order data when it recently published its quarter results.
As a result, I continue to argue that risk-tolerant long-term investors buy SOLO shares. I would also recommend to 20th that you put a lot of money into stocks right now.
The post-ElectraMeccanica protection presentation made SOLO Stock a first look at InvestorPlace.