Ok sure, the market convinced me that TSLA, NIO, XPENG is worth more than BMW, Audi, Mercedes, Volkswagen, Toyota, Honda, GM, Hyundai, Lamborghini, and everything else combined.
But what sorcery is Arcimoto – FUV and Electrameccanica – SOLO? FUV went up 69% today and their vehicle has 3 wheels and no doors!
This gives me Aurora Cannabis vibes. ACB wanted to grow marijuana in Edmonton, Alberta. Who grows a tropical plant in Canada and expects to be profitable? The scam was running for a year or two, but we all know how that ended.
What is going on with these napkin electric vehicle companies?