 is that a car what's up money geeks mr v here welcome to another video guys so in today's video when you take a look at ticker symbol s o l o electromechanica this is a canadian-based company that manufactures electric cars and when i say electric cars i might be overstating it because when you take a look at the pictures it looks like a quarter of a car is not really a full car so um this company has actually tried to craft out a niche in the electric car space so they're trying to address the problem of you needing way too much cars so most people commute to work by themselves and they're four-seater car if you look around most cars are four-seaters right so they're asking like why do you need all that extra space in your car when you commute to work all by yourself on a single day so most people would be oh you should just get a motorcycle but motorcycles are not super safe you don't get the security and the protection that you would get from a car so if it's raining when you're riding your motorcycle you get wet so they're trying to come up with something that it's a combination of a motorcycle so it has the spacing of a motorcycle but it gets the safety and protection and a feel of a car so that's how they came up with their solo s o l o car so let's jump in and actually take a look at this company see exactly what the product looks like see what the problem is solving in the market look at your financier and then see if we this is a buy or it's a don't touch so let's jump in guys this is a car that is actually designed to solve a particular problem in market for for cars so again the name of the vehicle here is solo that's the the vehicle that are putting out and as you can see look at the design it's really tiny has two tires in the front and one in the back kind of like a motorcycle per se but it has you know the look and feel or has all the protection of a car so I think it means from from what they know the company is saying it looks like there is a market for this I'm not sure about this having a market in North America just because North America has a lot of bigger cars really especially in the United States very big or huge freeways so in some of these driving a bigger car and you're driving this on the freeway you look like a cockroach next to them so we'll see but I can totally see a market for this in Europe so again it's an electric car so here you can actually run the numbers to see what you would get per you know per year for maintenance and stuff like that so as the time that I was actually doing this video the stock is currently trading at four dollars and seventy one cents so if you see back in 2017 it was it went up to about 14 dollars and 90 cents for a high and then since then 2018 so you've just been getting some rejection and then made a little move back in 2019 and then 2020 I think it's gone up to about four dollars and seventy one cents that we can see today so that is the little history about it for for this car the thing I want to show you guys here is just stuck a little bit about you know the intricacies of this company it's going to see the picture here really shows you everything you need to know about the car if you look at it just looks like it doesn't have any wheels in the back but there's one underneath again from the front it looks like a like a like a car that only takes one person and then from the back it's really slim and looks like I don't know like a motorcycle so again this is what this is a problem that is solving why do you need a full passenger car when you drive to work all by yourself so that's where that solo comes from solo means like a dude just do it all by yourself so people don't want to use these micro mobility ways scooters and motorcycles and bicycles because of no safety and protection features and and stuff I gotta get exposed to the elements and then limited range and then for a car it's it's just too big and expensive you know oversized use of space that you don't really need and so that's where it came up with this design so kind of combine you know the micro mobility here and the passenger vehicles to slim down version of a car so the prototype 2015 to 2017 a pre-market production 2017 2019 to 2020 and then 2020 plus that's when it's supposed to be in production so we say capable of producing up to 20 000 solos annually that's that's that's pretty huge so we'll see how that pans out again this is what the design really looks like if you can go into the nuances of it yeah I mean again the price here if you notice you're talking about 18 500 dollars I like it but typically how the Davidson motorcycle would cost you upwards about 25 to 30 000 dollars or this is even cheaper than the motorcycle or again it's electric so that has that adds that a little feature to it and so this is a comparison of what you would have today so if you take the solo 18 500 dollar if you look at the range of the Mini Cooper Nissan leave and Chevy Bolt and Tesla look at the price range all the way to or close to about 40 000 dollars for Tesla so I mean the difference is you have the all these ones are four seater cars and this one is just a one seater so I mean I can see how it really fits the need of you not wasting that space and all that just for you driving everyday to work but what happens if you have to go out on a date do you make your date take a taxi or what I mean that is some of the questions I would ask about this again just kind of some of the stuff that they're trying to explain that 70 76 percent of people travel to work by themselves which is cool but that one day that you have a co-worker that needs to write and you can't give them because you have your supposedly car motorcycle so yeah this is just some of the things that they put out there again just showing more details as to what these come the problem this company is trying to solve and this is their path to profitability this is the part that interests me so I don't really care about the car I care about how we can make money off of it that's to me that's what's more important so I'm just kind of give you like a guideline as to when they're going to ramp up their production and start selling cars and make them some money and so this is what they're currently looking at from a license licensing standpoint in the United States and who can get the car so so you can get a motorcycle license to drive to drive it it's not really considered in some states it looks like it just your driver's license is good in others you need a motorcycle license to actually drive it so which is okay see California is actually giving a $750 state incentive to own something like that I think Oregon is doing the same thing but they don't have a particular amount there so this is the kind of the rollout so from what we see here it looks like the rollout is going to start in the United States here 2020 and then eventually getting to Germany same in 2020 and then move across Europe and this is the part where I said I really see the European market will probably be ideal for this because Europeans are really accustomed to having these smaller cars but in the United States I want to see how this can really survive in the US again like I said there's a lot of factors that make this car not really viable in the United States just because of the the sheer size of the car I know cars like a Nissan Leaf and stuff like that haven't even picked up here in the United States so it'll be interesting to see how this really goes so but by 2040 they anticipate to really take you know a lot of Europe so we'll see how that goes and then just looking at the finances there's really nothing to show here basically this is not a profitable company yet I mean if you look at the balance sheet here nothing really the revenue nothing is really there for to report so basically just I mean the bleeding money so if you look at their total asset and look at their total liability so total liability and the equity it's not really a number that I would say this is exciting for my from a from a money standpoint I can actually see how right now until there's that selling cars they're not going to be profitable they're just going to keep bleeding money and again another way for them to make some extra money will probably be just diluting their share their shareholders and you know increasing the share size and making more money from now that way to try to keep the company afloat otherwise I think the concept makes sense it's just a matter of having people you know adopt this new concept and hopefully something that can excite people enough to want to jump on on the car like this so I guess the question here is that Mr. V what do you think about Electra Mechanica is it a buy or is it exciting so personally I'm just going to sit on the sideline for this one I'm not going to jump in just because when I look at the the actual car itself it's not something that I can see that is super attractive to people to want to jump in there a lot of people you'd like to when you get a new car you'd like to you know show your friends you'd like to you know take your friends for a ride if you want to go out on a date you want to pick up your date in a car and this really takes away that so basically it's just you buy this I'm putting your driveway you can commute from your house to work and back and then if you have to go on a date that you you put that on the side and they take your four-seater car or your two-seater car so you can pick up your date and take them out so there's a lot of issues for for society to want to adopt to this but again there's a market for everything there's some people that don't really care about you know if they have a date or practice I'm going to take a taxi or take a cab just meet them there so there's that possibility so I'm going to sit on the sideline and watch this one if I don't see I live I see a lot of excitement if I see if it's that's to make a move you know getting but as of right now I'll watch it inside so question of the day what do you think about this car do you think Mr. V you are totally missing the point here there is a huge market for this or you think man this car is funny looking let me know in the comment section and as always guys like share subscribe YouTube tell me that 90% of you have already subscribed to your channel so hit that subscribe button and your notification bell and also if you're looking at studying to invest we both currently doing a promotion where they give you two free stacks one value between $2 and $250 and the second one between $12 and $1400 so I'm going to put the links in the description below so you can definitely go check them out and as always stay motivated