Published on 7 Jun 2023 on Simply Wall St. via Yahoo Finance
Even after rising 44% this past week, Electrameccanica Vehicles (NASDAQ:SOLO) shareholders are still...
Over the last month the Electrameccanica Vehicles Corp. (NASDAQ:SOLO) has been much stronger than before, rebounding by 61%. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. In fact, the share price has tumbled down a mountain to land 88% lower after that period. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The important question is if the business itself justifies a higher share price in the long term. We really hope anyone holding through that price crash has a diversified portfolio. Even when you lose money, you don't have to lose the lesson.
On a more encouraging note the company has added US$29m to its market cap in just the last 7 days, so let's see if we can determine what's driven the five-year loss for shareholders.
View our latest analysis for Electrameccanica Vehicles