Move Over, Tesla: Carmaker Electra Meccanica is Going After A Huge Market [TheStreet.com]
Tesla, Inc. (TSLA)
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Source: TheStreet.com
Move Over, Tesla: Carmaker Electra Meccanica is Going After A Huge Market When it comes to electric vehicles, Tesla ( TSLA As major automakers get ready to roll out their own EVs in the coming quarters, Canadian carmaker Electra Meccanica ( SOLO Electra Meccanica produces a roadster and a sports car, but has just begun rolling out a three-wheeled, one-seater electric vehicle, called the Solo, that CEO Jerry Kroll says is ideal for the 83% of commuters who ride by themselves. Related. Don't Let the Indices Mess Up Good Trades "In the United States alone, that's 140 million people," Kroll told TheStreet. The Solo costs $15,500, and Kroll -- who cut his EV teeth at the same Bay Area research lab as Tesla co-founders Marc Tarpenning and Martin Eberhard -- compares the smaller EV to an iPhone versus a Mac. Solo's stock is up over 400% YTD. The smaller size also packs a punch, Kroll said: It charges in three hours, has a range of 100 miles and a top speed of 85 miles per hour. But it isn't
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