The Co-Founder of Electrameccanica Vehicles (SOLO) is Selling Shares

On July 24, the Co-Founder of Electrameccanica Vehicles (SOLO), Jerry Kroll, sold shares of SOLO for $103.8K.

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Based on Electrameccanica Vehicles’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $116.8K and GAAP net loss of -$1,908,181. In comparison, last year the company earned revenue of $101.4K and had a GAAP net loss of $20.63 million. The company has a one-year high of $6.00 and a one-year low of $0.89.

The insider sentiment on Electrameccanica Vehicles has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Electrameccanica Vehicles Corp. engages in developing and manufacturing single occupancy electric vehicles. It operates through two segments: Electric Vehicles and Custom Build Vehicles. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles develops and manufactures segment high-end custom built vehicles. The company was founded by Jerry Kroll on February 16, 2015 and is headquartered in Vancouver, Canada.

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