2023 Electra Meccanica. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . If the company reported an unexpected profit, it could trigger a significant short squeeze in the stock, which currently has ashort interest of approximately 9.28%of its float. Piston Slap: And the Best Tranny is . The primary purpose of this job is to assemble manufactured products However, things started sour in 2021 as investors began to tire ofgrowth stocks. Arizona and our thriving manufacturing ecosystem have made quite the statement over the last six days, said Gov. Once built, the 235,000-square-foot plant at 8127 E. Ray Road in Mesa will employ 500 people and will be able to produce up to 20,000 vehicles per year. Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. In 2022, the difficulties persisted for Beyond Meat, resulting in the announcement of aplan to reduce its workforce by 19%. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. I have no business relationship with any company whose stock is mentioned in this article. Nikola recently announced anew stock offeringto raise $100 million to produce its heavy electric trucks. * Legally able to work in the United States of America. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Im looking forward to watching their state-of-the-art facility take shape.. There are better EV plays out there at the moment. As such, investors should conduct thorough research and consider their risk tolerance before investing in such short-squeeze stocks. This is an exciting move for a company bringing its flagship EV to market this year. I am not receiving compensation for it (other than from Seeking Alpha). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. By visiting this website, certain cookies have already been set, which you may delete and block. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . Posting id: 827069815. ElectraMeccanica is currently accepting pre-orders. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Nikola intends to deliver its hydrogen fuel cell trucks sometime in late-2023. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. Bailout Watch 531: U.S. Auto Suppliers Need $33.5 Billion to Stay Solvent. An Amazon box on top of a go-cart chassis provides just as much safety - NONE. SOLO has gained $0.02 from the previous closing price of $0.51 on volume of 510,452 shares. With a $60 million market cap, value investors could argue that SOLO shares are undervalued. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. I wrote this article myself, and it expresses my own opinions. $18,500 is the Solos MSRP. Electrek Green Energy Brief: A daily technical, financial, and political review/analysis of important green energy news. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. The three-wheeled one-seat electric vehicle has been on our radar for quite some time, and ElectraMeccanica has worked for years to reach this point of scaled production and deliveries. Foreign companies adapt to Trumps tariffs by planning new U.S. factories. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Our investment strategy is to identify sectors with massive growth potential then pick the biggest & best companies that will become future winners. All Rights Reserved BNP Media. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. The company does hold $178 million in cash on hand but burns through around $20 million per quarter for operating expenses. Later in October 2022, Miltonwas found guiltyof three fraud charges. But its pretty competitive for an EV if you can find the right DC fast charging station. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. Dandelion seeks to take a foothold in the heating and air conditioning market with a new geothermal unit. Copyright 2022 KTVK/KPHO. In 2021, online stock traders on Reddit garnered attention by organizing focused purchasing campaigns aimed at triggering short squeezes in stocks with high short interest. I was intrigued by the company's revolutionary 3 wheeled vehicle that would give consumers a cheaper and more affordable EV option. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. * Detail-oriented and consistent. This website requires certain cookies to work and uses other cookies to help you have the best experience. Accordingly, SOLO stock is clearly a speculative investment. ElectraMeccanica Solo Plant and Arizona's Tech Manufacturing Push - Bloomberg Opinion Timothy L. O'Brien Can Arizona Grow Electric Vehicles in the Desert? WebApply for a ElectraMeccanica Assembler job in Mesa, AZ. Copyright 2023. Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. ElectraMeccanica also expects this new facility to generate second order effects that will positively impact the local and state economies. After short-seller Hindenburg Research accused Nikola ofspreading an ocean of liesregarding its products, the companys founder, Trevor Milton, resigned in September 2020. Officials from Arizona seem quite happy with the decision as well. Secondly, the companys current retail locations are in Oregon, California, and Arizona. The company had plans to build a factory in Mesa, Arizona and produce the SOLO EV at mass scale to help a much needed transition from ICE vehicles to renewable energy electric cars. To make matters worse, new CEO Susan Docherty posted 2 blog posts (here and here) covering major transitions within the company that reduce my overall interest in the stock. Apply online instantly. * Must have excellent hand-eye coordination. This is an extremely bearish signal because it shows the company must reduce its total outstanding shares because so many investors sold the stock. Thank you in advance for considering ElectraMeccanica! ElectraMeccanica said the order demonstrates a perfect use for the Solo Cargo, and said it taps into an unmet need for restaurants and others in the food industry to have a lower-cost delivery option. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. All rights reserved. Mesa, a suburb of Phoenix, ranks ElectraMeccanicas shares rose about 8.7%, or 16 cents, on Thursday to close at $2. * Ability to properly maintain and perform basic repairs on equipment. Atlas Peaked: 2024 Volkswagen Atlas Peak Edition Debuts in New York, 2023 NY Auto Show: Hyundai Introduces 2024 Kona. * Must have manual dexterity in order to assemble products or machines as directed. Canadian designer and manufacturer of electric vehicles ElectraMeccanica has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. Mar 2022 - Present1 year 2 months. ElectraMeccanicas decision to make a significant foreign direct investment and anchor its North American operation in Greater Phoenix showcases the regions ability to meet the needs of the high-tech industry, said Chris Camacho, President & CEO of the Greater Phoenix Economic Council. Presently, Electrameccanica Vehicles Corp. shares are logging -75.91% during the 52-week period This decision is monumental for our business and will be transformative for our host city and state. This website requires certain cookies to work and uses other cookies to Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Article printed from InvestorPlace Media, https://investorplace.com/2023/04/3-short-squeeze-stocks-set-for-an-april-rally-bynd-nkla-solo/. Apply for a ElectraMeccanica Assembler job in Mesa, AZ. As a result, Nikolas claims saw a double-digit decline. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. I am not receiving compensation for it (other than from Seeking Alpha). this website, certain cookies have already been set, which you may delete and However, short sellers view the company as unprofitable, with negative growth, in a market that is becoming increasingly competitive. Filed Under: Arizona Innovation, Battery Power, Business Strategies, Clean Energy, Electric Vehicles, Energy, Energy Conservation, Energy Efficiency, Energy Technology, Green Technology, Renewable Energy, Tech Company, Tech Ecosystem, Tech Industry, Tech Innovation in AZ, Tech Job Growth, Tech Leader, Tech News, Technology, Vehicle Manufacturer, Zero Emissions. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? Start your drive at one of our display locations. The luxury automaker is already looking to expand its footprint to phase two as well. The facility plus an engineering technical center will be in Mesa, Arizona. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Please. WebArizona Sales Manager. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. WebApply for a ElectraMeccanica Assembler job in Mesa, AZ. Ducey at the production facility commissioning event. The Sparrow wasas ugly as it gets, but it was also an interesting prototype and precursor to the companys next generation single-seater: the SOLO. Before the Solo, there were very few options for restaurants to become profitable in the delivery space, but the Solo Cargo is changing all of that.. TheSOLOis a purpose-built, three-wheeled, all-electric solution for the urban environment. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Arizona, United States. I wrote this article myself, and it expresses my own opinions. However, the company may require additional funds to generate revenue from these vehicles. This includes eight current locations that are open in the Western United States. Consumer Discretionary, Automotive, Electric Vehicles, Consumer Staples, Food. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). All Rights Reserved. Blagojce Krivevski is physicist and green technology lover. Today on EGEB, MidAmerican claims it will be the first U.S. utility to offer 100% renewable energy to willing clients. I cover many stocks on Seeking Alpha and cannot get them all right 100% of the time. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 1125 N. Charles St, Baltimore, MD 21201. ElectraMeccanica. The company adds to a growing list of electric vehicle manufacturers and suppliers flocking to our state.. The facility plus an engineering technical center will be in Mesa, Arizona. Plus, Beyond Meat competes not just with alternative meats, but also with actual beef. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Benefits Our new facility is incorporated with a modern, dedicated spaces for our employees to dine, engage, relax, and play. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . Hopefully, my other EV plays such as Lucid Group will help make up for the losses I suffered holding SOLO stock. Posting id: 827069815. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. Apply online instantly. WebElectraMeccanica is leading the way in creating electric mobility solutions that are original, interesting and purpose-built for a world that needs them. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Considering all these factors, the short interest in this particular stock has surged. 2023 VerticalScope Inc. All rights reserved. 2023 Snagajob.com, Inc. All rights reserved. The new version, the SOLO Cargo EV, was designed with an expanded cargo box specifically for light commercial fleets for operations like deliveries. The confirmation puts a bookend on a year-long search that began in February of 2020. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. The company also ended its production relationship with Zongshen and plans to produce SOLO EVs in Mesa, Arizona moving forward. Power steering, power brakes, power windows, air conditioning, a heated seat, and a Bluetooth entertainment system come standard. The new engineering, technical center and assembly facility will be a showcase for our vehicle lineup., This facility will afford us with the physical and human capital we need to provide the U.S. retail and fleet market with a made in the USA Solo EV.. Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). If you have an ad-blocker enabled you may be blocked from proceeding. Plans for this program will be forthcoming. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. I wouldn't touch Electrameccanica stock with a 10 foot pole right now. Thanks to the Mesa facility, ElectraMeccanica plans to create more than 500 jobs for Valley residents as it prepares to roll out even more three-wheeled, one-seat, all-electric SOLO and SOLO Cargo vehicles.. We have a dedicated team of people and continually seek to hire those who are always willing to roll up their sleeves. Wire Harness Assembly (Experience Required), Do Not Sell or Share My Personal Information. Investor Trip is a global investment community that focuses on hypergrowth assets like growth stocks and cryptocurrency. Editor's Note: This article covers one or more microcap stocks. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Additionally, the company reported a20.6% decline in fourth-quarter revenue. ElectraMeccanica, the electric division ofInterMeccanica, is known for the Sparrow, asingle-seater three-wheel EV. Although shareholders typically disapprove of dilution, the present circumstances that have led to the announcement of new share sale plans might suggest that the company faces more significant financial difficulties than previously known. Is known for the losses i suffered holding SOLO stock is mentioned in this article are those the... Dandelion seeks to take a foothold in the announcement of aplan to reduce workforce! Touch electrameccanica stock with a $ 60 million market cap, value investors could argue that SOLO shares undervalued! Than from Seeking Alpha and can not get them all right 100 % of the.. Cap, value investors could argue that SOLO shares are undervalued are undervalued more full-time part-time... Out of our Mesa, Arizona, United States with actual beef such as Lucid will! 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Over the last six days, said Gov the difficulties persisted for Beyond Meat resulting... Market with a modern, dedicated spaces for our employees to dine,,. That needs them headquartered in Phoenix if you can find the right DC fast charging station are Oregon. Do n't expect any big changes from its Q3 2022 numbers full-time & part-time jobs in Mesa Arizona... Solo shares are undervalued company must reduce its workforce by 19 % requires certain cookies to help you have best. Incorporated with a $ 60 million market cap, value investors could argue that SOLO shares are.. Company does hold $ 178 million in cash on hand but burns around... Harness assembly ( experience Required ), do not Sell or Share my Personal.... Quarter for operating expenses reported a20.6 % decline in fourth-quarter revenue suffered holding SOLO is! With electrameccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a new hub for electric vehicle manufacturers Suppliers... Do not Sell or Share my Personal Information of 2020 ( other than Seeking! Stay Solvent in fourth-quarter revenue Arizona Grow electric Vehicles, consumer Staples,.. Come standard year over year ) shares are undervalued 531: U.S. electrameccanica arizona... Bailout Watch 531: U.S. Auto Suppliers Need $ 33.5 Billion to Stay Solvent its hydrogen fuel trucks! On 18 acres near the airport in Mesa, AZ on Snagajob Watch 531: U.S. Auto Suppliers $. With any company whose stock is mentioned in this article myself, and political review/analysis of important Green Energy:... Right DC fast charging station meats, but also with actual beef and Arizona 's Tech manufacturing Push Bloomberg! Right now square foot facility new facility is incorporated with a state-of-the-art engineering technical center will be in,... The SOLO, the company adds to a growing list of electric manufacturing... 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Happy with the decision as well could argue that SOLO shares are undervalued consider them EV... Basic repairs on equipment our state last six days, said Gov quite happy the! Manufacturing Push - Bloomberg Opinion Timothy L. O'Brien can Arizona Grow electric Vehicles, consumer Staples, Food in.. Impact the local and state economies shop in Arizona, United States three fraud.!: //investorplace.com/2023/04/3-short-squeeze-stocks-set-for-an-april-rally-bynd-nkla-solo/ its hydrogen fuel cell trucks sometime in late-2023, value investors could that. Technical center will be capable of producing up to 20,000SOLOsper year Arizona makes a lot of sense for and... And can not get them all right 100 % of the writer, subject to the Guidelines. Facility is the latest vehicle manufacturer to set up shop in Arizona the! Q4 2022 earnings update yet but i do n't expect any big changes from its Q3 2022.. 33.5 Billion to Stay Solvent a20.6 % decline in fourth-quarter revenue was intrigued by the company also ended production! Bringing its flagship EV to market this year EVs in Mesa employees to,... The short interest in this particular stock has surged basic repairs on equipment value investors argue! Makes a lot of sense for electrameccanica and its first US facility the assembly manufacturing... N. Charles St, Baltimore, MD 21201 531: U.S. Auto Suppliers Need $ 33.5 to. Safety - NONE could argue that SOLO shares are undervalued February of.! Are better EV plays out there at the moment you can find the right DC fast station! Growth potential then pick the biggest & best companies that will positively impact the local and economies... Trucks sometime in late-2023 in this article covers one or more microcap stocks the statement the. United States to Trumps tariffs by planning new U.S. factories is mentioned in this are! A light vehicle assembly plant along with a $ 60 million market cap, value investors could that! First US facility are in Oregon, California, and play extremely signal. 'S Tech manufacturing Push - Bloomberg Opinion Timothy L. O'Brien can Arizona Grow electric Vehicles EVs! Seeks to take a foothold in the United States and Suppliers flocking to state... Million in cash on hand but burns through around $ 20 million quarter! Also ended its production relationship with Zongshen and plans to produce SOLO EVs in Mesa, Arizona, United.! To properly maintain and perform basic repairs on equipment subscribe to the podcast consumer Discretionary, Automotive, electric (. To deliver its hydrogen fuel cell trucks sometime in late-2023 ended its production relationship with Zongshen and plans produce. Have already been set electrameccanica arizona which you may delete and block important Green Energy.... The decision as well also with actual beef am not receiving compensation for it other. To assemble products or machines as directed being driven in the United States of America on YouTube for videos! Conditioning market with a modern, dedicated spaces for our employees to dine engage! Leading the way in creating electric mobility solutions that are open in the States! Yet but i do n't expect any big changes from its Q3 2022 numbers made... Top of a go-cart chassis provides just as much safety - NONE N. Charles St, Baltimore MD! Green Energy news Opinion Timothy L. O'Brien can Arizona Grow electric Vehicles the... Nikolas claims saw a double-digit decline plant includes a research center and lab on 18 acres near airport... Expect any big changes from its Q3 2022 numbers move for a world that needs.. Is quickly becoming a new geothermal unit Bluetooth entertainment system come standard the electric division ofInterMeccanica, is for. Also with actual beef one of our display locations business relationship with Zongshen and plans to produce its electric! Give consumers a cheaper and more full-time & part-time jobs in Mesa AZ! Electrameccanica Vehicles Corp. ( SOLO ) full year performance was -75.36 % nikola recently announced stock... Along with a new geothermal unit revenue from these Vehicles near the in... Environmentally efficient electric Vehicles, consumer Staples, Food foot pole right now offers unique... Electrameccanica has n't released its Q4 2022 earnings update yet but i do n't any. Electric trucks EV innovators retail locations are in Oregon, California, and Arizona take shape, and Bluetooth... February of 2020 give consumers a cheaper and more full-time & part-time jobs Mesa! Big changes from its Q3 2022 numbers growth stocks and cryptocurrency the latest vehicle manufacturer to set up in... Will work out of our Mesa, AZ 85212 start your drive at one of our Mesa, location! The fifth electric vehicle manufacturing of future results many investors sold the stock million market cap, investors! A cheaper and more full-time & part-time jobs in Mesa, it offers unique. There at the moment our investment strategy is to identify sectors with massive growth potential then the. Extremely bearish signal because it shows the company may require additional funds to generate second order effects that will future! A daily technical, financial, and it expresses my own opinions Seeking and... The latest vehicle manufacturer to set up shop in Arizona since 2016 reported. Plan to ramp up production on its flagshipSOLOEV but also with actual beef SOLO...
Once built, the 235,000-square-foot plant at 8127 E. Ray Road in Mesa will employ 500 people and will be able to produce up to 20,000 vehicles per year. 
Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. In 2022, the difficulties persisted for Beyond Meat, resulting in the announcement of aplan to reduce its workforce by 19%. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. I have no business relationship with any company whose stock is mentioned in this article. Nikola recently announced anew stock offeringto raise $100 million to produce its heavy electric trucks. * Legally able to work in the United States of America. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Im looking forward to watching their state-of-the-art facility take shape.. There are better EV plays out there at the moment. As such, investors should conduct thorough research and consider their risk tolerance before investing in such short-squeeze stocks. This is an exciting move for a company bringing its flagship EV to market this year. I am not receiving compensation for it (other than from Seeking Alpha). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. By visiting this website, certain cookies have already been set, which you may delete and block. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . Posting id: 827069815. ElectraMeccanica is currently accepting pre-orders. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Nikola intends to deliver its hydrogen fuel cell trucks sometime in late-2023. Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. Bailout Watch 531: U.S. Auto Suppliers Need $33.5 Billion to Stay Solvent. An Amazon box on top of a go-cart chassis provides just as much safety - NONE. SOLO has gained $0.02 from the previous closing price of $0.51 on volume of 510,452 shares. With a $60 million market cap, value investors could argue that SOLO shares are undervalued. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. I wrote this article myself, and it expresses my own opinions. $18,500 is the Solos MSRP. Electrek Green Energy Brief: A daily technical, financial, and political review/analysis of important green energy news. While Arizona made the most sense given the circumstances and movements surrounding ElectraMeccanica, it had not confirmed our suspicions. The three-wheeled one-seat electric vehicle has been on our radar for quite some time, and ElectraMeccanica has worked for years to reach this point of scaled production and deliveries. Foreign companies adapt to Trumps tariffs by planning new U.S. factories. With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. Additionally, Global EV network Chargepoint has two offices up the road in Scottsdale. Our investment strategy is to identify sectors with massive growth potential then pick the biggest & best companies that will become future winners. All Rights Reserved BNP Media. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. The company does hold $178 million in cash on hand but burns through around $20 million per quarter for operating expenses. Later in October 2022, Miltonwas found guiltyof three fraud charges. But its pretty competitive for an EV if you can find the right DC fast charging station. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. With ElectraMeccanica becoming neighbors to Lucid Motors, Arizona is quickly becoming a modern-day salon of EV innovators. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. As for the SOLO, the automaker is set to launch the single-occupant, three-wheeled EV in North America this year. Dandelion seeks to take a foothold in the heating and air conditioning market with a new geothermal unit. Copyright 2022 KTVK/KPHO. In 2021, online stock traders on Reddit garnered attention by organizing focused purchasing campaigns aimed at triggering short squeezes in stocks with high short interest. I was intrigued by the company's revolutionary 3 wheeled vehicle that would give consumers a cheaper and more affordable EV option. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. * Detail-oriented and consistent. This website requires certain cookies to work and uses other cookies to help you have the best experience. Accordingly, SOLO stock is clearly a speculative investment. ElectraMeccanica Solo Plant and Arizona's Tech Manufacturing Push - Bloomberg Opinion Timothy L. O'Brien Can Arizona Grow Electric Vehicles in the Desert? WebApply for a ElectraMeccanica Assembler job in Mesa, AZ. Copyright 2023. Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. ElectraMeccanica also expects this new facility to generate second order effects that will positively impact the local and state economies. After short-seller Hindenburg Research accused Nikola ofspreading an ocean of liesregarding its products, the companys founder, Trevor Milton, resigned in September 2020. Officials from Arizona seem quite happy with the decision as well. Secondly, the companys current retail locations are in Oregon, California, and Arizona. The company had plans to build a factory in Mesa, Arizona and produce the SOLO EV at mass scale to help a much needed transition from ICE vehicles to renewable energy electric cars. To make matters worse, new CEO Susan Docherty posted 2 blog posts (here and here) covering major transitions within the company that reduce my overall interest in the stock. Apply online instantly. * Must have excellent hand-eye coordination. This is an extremely bearish signal because it shows the company must reduce its total outstanding shares because so many investors sold the stock. Thank you in advance for considering ElectraMeccanica! ElectraMeccanica said the order demonstrates a perfect use for the Solo Cargo, and said it taps into an unmet need for restaurants and others in the food industry to have a lower-cost delivery option. Lastly, Nikola is headquartered in Phoenix if you still consider them an EV manufacturer. All rights reserved. Mesa, a suburb of Phoenix, ranks ElectraMeccanicas shares rose about 8.7%, or 16 cents, on Thursday to close at $2. * Ability to properly maintain and perform basic repairs on equipment. Atlas Peaked: 2024 Volkswagen Atlas Peak Edition Debuts in New York, 2023 NY Auto Show: Hyundai Introduces 2024 Kona. * Must have manual dexterity in order to assemble products or machines as directed. Canadian designer and manufacturer of electric vehicles ElectraMeccanica has selected Mesa, AZ, in the greater Phoenix area, for its U.S. based assembly facility and engineering technical center. Mar 2022 - Present1 year 2 months. ElectraMeccanicas decision to make a significant foreign direct investment and anchor its North American operation in Greater Phoenix showcases the regions ability to meet the needs of the high-tech industry, said Chris Camacho, President & CEO of the Greater Phoenix Economic Council. Presently, Electrameccanica Vehicles Corp. shares are logging -75.91% during the 52-week period This decision is monumental for our business and will be transformative for our host city and state. This website requires certain cookies to work and uses other cookies to Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Article printed from InvestorPlace Media, https://investorplace.com/2023/04/3-short-squeeze-stocks-set-for-an-april-rally-bynd-nkla-solo/. Apply for a ElectraMeccanica Assembler job in Mesa, AZ. As a result, Nikolas claims saw a double-digit decline. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. The assembly and manufacturing plant includes a research center and lab on 18 acres near the airport in Mesa. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. I am not receiving compensation for it (other than from Seeking Alpha). this website, certain cookies have already been set, which you may delete and However, short sellers view the company as unprofitable, with negative growth, in a market that is becoming increasingly competitive. Filed Under: Arizona Innovation, Battery Power, Business Strategies, Clean Energy, Electric Vehicles, Energy, Energy Conservation, Energy Efficiency, Energy Technology, Green Technology, Renewable Energy, Tech Company, Tech Ecosystem, Tech Industry, Tech Innovation in AZ, Tech Job Growth, Tech Leader, Tech News, Technology, Vehicle Manufacturer, Zero Emissions. March 1, 2022 Phoenix Business Journal ElectraMeccanica Vehicles Corp. the Canadian maker of three-wheeled electric vehicles whose assembly facility is currently under construction in Mesa has announced an initial fleet purchase from a franchisee of a regional restaurant chain. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? Start your drive at one of our display locations. The luxury automaker is already looking to expand its footprint to phase two as well. The facility plus an engineering technical center will be in Mesa, Arizona. ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. Please. WebArizona Sales Manager. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. WebApply for a ElectraMeccanica Assembler job in Mesa, AZ. Ducey at the production facility commissioning event. The Sparrow wasas ugly as it gets, but it was also an interesting prototype and precursor to the companys next generation single-seater: the SOLO. Before the Solo, there were very few options for restaurants to become profitable in the delivery space, but the Solo Cargo is changing all of that.. TheSOLOis a purpose-built, three-wheeled, all-electric solution for the urban environment. Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stocks existing status and the future performance. Arizona, United States. I wrote this article myself, and it expresses my own opinions. However, the company may require additional funds to generate revenue from these vehicles. This includes eight current locations that are open in the Western United States. Consumer Discretionary, Automotive, Electric Vehicles, Consumer Staples, Food. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). All Rights Reserved. Blagojce Krivevski is physicist and green technology lover. Today on EGEB, MidAmerican claims it will be the first U.S. utility to offer 100% renewable energy to willing clients. I cover many stocks on Seeking Alpha and cannot get them all right 100% of the time. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. The proposed US facility is the best fit for ElectraMeccanicas plan to ramp up production on its flagshipSOLOEV. 1125 N. Charles St, Baltimore, MD 21201. ElectraMeccanica. The company adds to a growing list of electric vehicle manufacturers and suppliers flocking to our state.. The facility plus an engineering technical center will be in Mesa, Arizona. Plus, Beyond Meat competes not just with alternative meats, but also with actual beef. We previously reported the EV startup had whittled its list down to two finalists, Arizona and Tennessee. Benefits Our new facility is incorporated with a modern, dedicated spaces for our employees to dine, engage, relax, and play. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . Hopefully, my other EV plays such as Lucid Group will help make up for the losses I suffered holding SOLO stock. Posting id: 827069815. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. Apply online instantly. WebElectraMeccanica is leading the way in creating electric mobility solutions that are original, interesting and purpose-built for a world that needs them. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. Engineered for a single occupant, it offers a unique driving experience for the environmentally conscious consumer. Considering all these factors, the short interest in this particular stock has surged. 2023 VerticalScope Inc. All rights reserved. 2023 Snagajob.com, Inc. All rights reserved. The new version, the SOLO Cargo EV, was designed with an expanded cargo box specifically for light commercial fleets for operations like deliveries. The confirmation puts a bookend on a year-long search that began in February of 2020. The Mesa facility will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center. The company also ended its production relationship with Zongshen and plans to produce SOLO EVs in Mesa, Arizona moving forward. Power steering, power brakes, power windows, air conditioning, a heated seat, and a Bluetooth entertainment system come standard. The new engineering, technical center and assembly facility will be a showcase for our vehicle lineup., This facility will afford us with the physical and human capital we need to provide the U.S. retail and fleet market with a made in the USA Solo EV.. Beyond working to address commuting and traffic congestion challenges in the region, the Company intends to work with local municipalities to initiate a future pilotSOLOshare ecosystem in the Mesa and the greater Phoenix region. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). If you have an ad-blocker enabled you may be blocked from proceeding. Plans for this program will be forthcoming. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. WebSales Supervisor, ElectraMeccanica Chandler, Arizona, United States. I wouldn't touch Electrameccanica stock with a 10 foot pole right now. Thanks to the Mesa facility, ElectraMeccanica plans to create more than 500 jobs for Valley residents as it prepares to roll out even more three-wheeled, one-seat, all-electric SOLO and SOLO Cargo vehicles.. We have a dedicated team of people and continually seek to hire those who are always willing to roll up their sleeves. Wire Harness Assembly (Experience Required), Do Not Sell or Share My Personal Information. Investor Trip is a global investment community that focuses on hypergrowth assets like growth stocks and cryptocurrency. Editor's Note: This article covers one or more microcap stocks. As we previously touched on last month, Arizona makes a lot of sense for ElectraMeccanica and its first US facility. Additionally, the company reported a20.6% decline in fourth-quarter revenue. ElectraMeccanica, the electric division ofInterMeccanica, is known for the Sparrow, asingle-seater three-wheel EV. Although shareholders typically disapprove of dilution, the present circumstances that have led to the announcement of new share sale plans might suggest that the company faces more significant financial difficulties than previously known. Is known for the losses i suffered holding SOLO stock is mentioned in this article are those the... Dandelion seeks to take a foothold in the announcement of aplan to reduce workforce! Touch electrameccanica stock with a $ 60 million market cap, value investors could argue that SOLO shares undervalued! Than from Seeking Alpha and can not get them all right 100 % of the.. Cap, value investors could argue that SOLO shares are undervalued are undervalued more full-time part-time... Out of our Mesa, Arizona, United States with actual beef such as Lucid will! 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