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    SOLO — Electrameccanica Vehicles News Story

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    ElectraMeccanica: Short-seller Citron labels stock "complete joke"

    Picture of Electrameccanica Vehicles logoElectrameccanica Vehicles
    20/11/2020 18:22
    ** Shares of the Canadian EV firm ElectraMeccanica Vehicles
 SOLO.O  pared some gains in morning trading after short-seller
Citron Research set a PT for $2 
    ** The PT implies a ~79% downside to stock's last close
    ** "SOLO is a COMPLETE JOKE", Citron says in a tweet https://twitter.com/CitronResearch/status/1329832257452838912
    ** "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" - Citron 
    ** Stock is currently up ~19% at $11.47; some EV stocks
gained on Thursday as General Motors Co  GM.N  boosted planned
spending on future electric models by 35% to more than $27 bln
 urn:newsml:reuters.com:*:nL4N2I53TH
    ** SOLO has gained more than five-fold this year

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com;))

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