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. Instead, we believe we can address the large market for a different kind of EV and become profitable if we keep the best features of the SOLO, including terrific styling, easy charging, great handling and small size, while adding a wheel and other customer-requested features. 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.. This role will work out of our Mesa, Arizona location at 8127 E. Ray Rd, Mesa, AZ 85212 . The first 20 vehicles will be used in the restaurant chains Arizona market, primarily in Phoenix, ElectraMeccanica CEO Kevin Pavlov said. This story has been updated to clarify that the order came from a franchisee of Mountain Mikes Pizza. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. We are seeking a Full-Time Assembler to join our lean and agile team. Q3 2022 revenue was $1.44 million (Up 1,100% YoY) and net losses were $21 million for the quarter. Education and Experience: * High school diploma or equivalent required. . The facility will produce the three-wheeled SOLO EV, which has begun test drives for early adopters in the US. More. * Experience in automotive, motorsports, powersports, and/or motorcycle industry highly preferred. Apply for a ElectraMeccanica Assembler job in Mesa, AZ. Electrameccanica(NASDAQ:SOLO), a Canadian EV stock, experienced a surge in share price from under $1 in early 2020 to a high of $4 in late-2021. After short-seller Hindenburg Research accused Nikola ofspreading an ocean of liesregarding its products, the companys founder, Trevor Milton, resigned in September 2020. * Ability to differentiate between colored wires, tabs, and electronic components. Presently, Electrameccanica Vehicles Corp. shares are logging -75.91% during the 52-week period * Mechanical aptitude required; assembly experience preferred. ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Later in October 2022, Miltonwas found guiltyof three fraud charges. 
ElectraMeccanica Solo Plant and Arizona's Tech Manufacturing Push - Bloomberg Opinion Timothy L. O'Brien Can Arizona Grow Electric Vehicles in the Desert? The company press release states the new facility will create up to 500 new jobs when it is fully operational. Over the last few years, short squeeze stocks have emerged as a highly debated and favored subject on Wall Street. I admit being completely wrong about SOLO stock and bought into its lofty goals instead of the grim reality. Furthermore, the Mesa plant will be capable of producing up to 20,000SOLOsper year. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. 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. 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. Plans for this program will be forthcoming. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market, said Susan Docherty, CEO of ElectraMeccanica. The new version, the SOLO Cargo EV, was designed with an expanded cargo box specifically for light commercial fleets for operations like deliveries. Arizona, United States. The facility plus an engineering technical center will be in Mesa, Arizona. ElectraMeccanica is not alone in its migration to the Grand Canyon State, either. Electrameccanica Vehicles Corp (SOLO) stock has gained 3.04% while the S&P 500 is down -0.66% as of 3:26 PM on Tuesday, Apr 4. By visiting Please disable your ad-blocker and refresh. Electrameccanica Vehicles Corp (SOLO) stock has gained 3.04% while the S&P 500 is down -0.66% as of 3:26 PM on Tuesday, Apr 4. I want to thank Governor Ducey, his team, the state of Arizona and everyone whos been involved in this process for helping to bring ElectraMeccanicas U.S. operations to life, said Company CEO Paul Rivera. data. Short squeezes can lead to significant price spikes, but can also be short-lived, resulting in sharp price declines. $18,500 is the Solos MSRP. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. WebMESA, AZ (May 11, 2021) ElectraMeccanica Vehicles Corp., a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs), today broke ground on its first U.S. based assembly facility and state-of-the-art engineering technical center in Mesa.The expansion represents the third groundbreaking for an electric vehicle With this news, Arizona is quickly becoming a new hub for electric vehicle manufacturing. The confirmation puts a bookend on a year-long search that began in February of 2020. Apply for a ElectraMeccanica Assembler job in Mesa, AZ. Following customer deliveries of its flagship SOLO EV last fall, compact electric vehicle manufacturerElectraMeccanicahas shared a delivery timeline for the upcoming Cargo version of the SOLO. Electrameccanica has demonstrated impressive growth, with year-over-year revenue growth exceeding 1,200% and a 37% increase in vehicle deliveries sequentially in the third quarter.
ElectraMeccanica also expects this new facility to generate second order effects that will positively impact the local and state economies. ElectraMeccanica is the fifth electric vehicle manufacturing plant to open in Arizona since 2016. ElectricCarsReport.com | All Rights Reserved. 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. Called it! The facility plus an engineering technical center will be in Mesa, Arizona. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. With a 53 horsepower electric motor and 94 lb-ft of torque, Solos 80 MPH top speed makes it highway safe, ElectraMeccanica said. 
2023 Electra Meccanica. Do You Expect the Infrastructure Acts Funding to Impact Your Firm. Please be aware of the risks associated with these stocks. 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. * Maintains logs, records, and reports concerning production, machine maintenance, and product inconsistencies. 
ElectraMeccanica is the latest vehicle manufacturer to set up shop in Arizona, breaking ground on a 235,000 square foot facility. By visiting this website, certain cookies have already been set, which you may delete and block. Beyond the technical issues associated with the recall notice, these barriers and others to broad consumer acceptance of three-wheeled EVs make it impossible for us to profitably manufacture and sell that version of the SOLO. This includes eight current locations that are open in the Western United States. Power steering, power brakes, power windows, air conditioning, a heated seat, and a Bluetooth entertainment system come standard. TheSOLOfeatures front and rear crumple zones, side impact protection, roll bar, torque-limiting control, as well as power steering, power brakes, air conditioning and a Bluetooth entertainment system. Electrameccanica was one of my favorite EV small-cap stocks back in 2021 during the massive electric vehicle stock bubble. If we just described your personal values and work ethic here, we definitely want you to read on to see if this position sparks your interest as well. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Posting id: 833111025. We believe Mesas population size and density provides a great talent pool as we look forward to contributing to the growing high-tech environment., Arizona is thrilled to be selected as the home of ElectraMeccanicas first U.S.-based assembly facility and engineering technical center, said Governor Doug Ducey. As a result, this increased buying activity fuels further upward momentum in the stock price. The biggest letdown is her plans to ditch the 3 wheeled SOLO EV in favor of a newer 4 wheeled electric vehicle. * Ability to properly maintain and perform basic repairs on equipment. 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. Oops! * Must have excellent hand-eye coordination. In cases like this, management will mostly likely perform a reverse stock split to meet NASDAQ price requirements. * Inventories tools, parts, and supplies; contacts materials handler if supplies are needed. When fully operational, the facility is expected to create up to 500 new jobs and will be capable of producing up to 20,000SOLOsper year. We have a dedicated team of people and continually seek to hire those who are always willing to roll up their sleeves. * Maintains equipment and conveyors and performs basic repairs when needed. All Rights Reserved BNP Media. This project will mean so much to the EV and shared mobility community, and we look forward to announcing more details at a later date. Beef is cheaper and more familiar to customers. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. The confirmation puts a bookend on a year-long search that began in February of 2020. Over the past two years, short sellers have fiercely contested electric vehicle stocks, withNikola(NASDAQ: NKLA) being one of the most contentiousEV stocks. Nikola recently announced anew stock offeringto raise $100 million to produce its heavy electric trucks. 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. ElectraMeccanica also expects its new home to generate second order effects that positively impact local and state economies in Arizona. Altogether it will feature both a light vehicle assembly plant along with a state-of-the-art engineering technical center, including multiple labs to support comprehensive research facilities as well as vehicle chassis, battery pack and power electronics testing workshops. ElectraMeccanica can produce 20,000 electric vehicles (EVs) annually starting in Spring 2022, with a 200-500 employee workforce. We discuss both US & international stocks as well as high performing assets such as Bitcoin. The primary purpose of this job is to assemble manufactured products and pack according to specifications. The company also ended its production relationship with Zongshen and plans to produce SOLO EVs in Mesa, Arizona moving forward. ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) is a Canadian designer and manufacturer of environmentally efficient electric vehicles (EVs). Alright, enough gloating. SOLO's cash per share is ~$1.29, more than 2x the current stock price. Electrameccanica hasn't released its Q4 2022 earnings update yet but I don't expect any big changes from its Q3 2022 numbers. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. Nissan Cutting Quest, QX56 For Commercial Models, Chrysler Execs Try to End-Run Federal Salary Cap, Editorial: Wiedeking and Piech, the War of the Hard-Noses, Editorial: Between the Lines: GM Does Not Welcome Its New Governmental Overlords, Capsule Review: 2009 Volkswagen Passat CC 2.0T (Manual). ID4 sales in the US market have DESERVEDLY been practically ZERO, as have all the other loser EVs from VW. Copyright Our investment strategy is to identify sectors with massive growth potential then pick the biggest & best companies that will become future winners. Electrameccanica Vehicles Corp. (SOLO) full year performance was -75.36%. Adding another wheel seems like a copycat measure to do what everyone else is doing in the electric car industry. ElectraMeccanica will be an official American Original Equipment Manufacturer (OEM), making all their Arizona and American vehicles. This website requires certain cookies to work and uses other cookies to help you have the best experience. Mar 2022 - Present1 year 2 months. In a press release today, ElectraMeccanica ($SOLO) announced the site for its US-based assembly facility. Plus, Beyond Meat competes not just with alternative meats, but also with actual beef. Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. They are utterly underwhelming, especially for their lofty prices. View this and more full-time & part-time jobs in Mesa, AZ on Snagajob. 
2023 InvestorPlace Media, LLC. FTC: We use income earning auto affiliate links. Last but not least, previous interviews revealed ElectraMeccanicas CEO Paul Rivera lives in Arizona. Dade will look at potentially ordering more based on its schedule for opening additional stores in Arizona and Utah. Land a Knockout Punch Against the Bear Market RIGHT NOW! Needless to say, it's electrifying times and we want to invite you to seriously consider joining our expanding team! ElectraMeccanica is unique in launching a three-wheeled EV that can hit 80 mph with 100 miles of range. Start your drive at one of our display locations. Something went wrong while submitting the form. The provided driving experience is an unrivaled combination of exhilaration, affordability and environmental consciousness. Mar 2022 - Present1 year 2 months. 
However, thats not really whats essential, in the context of investing in short-squeeze stocks. 
Arizona has fast become the electric vehicle center of America thanks to our robust and growing workforce, vibrant innovation ecosystem, and ideal business environment. Assuming the company doesn't ramp up production anytime soon, Electrameccanica could survive for just under 2 years until the company files for bankruptcy. According to her blog post, Docherty said: We do not believe a three-wheeled autocycle can capture those opportunities, given challenges ranging from its exclusion from government rebates; to the difficulty for consumers of insuring, financing and servicing a three-wheeled vehicle; to consistent customer requests for more functionality. The $35 million factorybroke ground in May 2021. Approximately 1.7 million EVs are being driven in the United States, 35,000 of those in Arizona. Piston Slap: And the Best Tranny is . ElectraMeccanica, with its one-of-a-kind vehicles, is further proof of that. Please send any tips or suggestions, or dog photos to him at scooter@9to5mac.com, Stay up to date with the latest content by, Electric Vehicle Price Guide best prices for dealers in the US, the EV startup had whittled its list down to two finalists, positively impact local and state economies in Arizona, Mercedes EQE SUV first drive: Luxury, performance, and potential tax credits could make for a hit in the US, Dost launches belt drive Crate electric cargo bikes with mid-motor and throttle, Heres how John Deeres electric robots can plant 6,600 seeds in 3 seconds, Elon Musk hypes up Tesla Cybertruck production, Subscribe to Electrek on YouTube for exclusive videos. The company produced 103 vehicles but only delivered 65 for the entire quarter. Generate second order effects that positively Impact local and State economies in.! Lofty prices mostly likely perform a reverse stock split to meet NASDAQ price requirements for a Assembler. 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