Elio Motors Inc. (OTCMKTS:ELIO) Stock More Than Doubled: What’s Going On?

September 10, 2021

Elio Motors Inc. (OTCMKTS:ELIO) soared 111% after announcing intentions to build an electric version of its three-wheeled vehicle. According to the company, the plan for an EV is based on changing consumer demand and the capital market’s desire for EVs. Notably, the Elio-E Model targets a base price of $14,900, making it among the most affordable electric cars available in the market. Founded in the mission of creating low-cost, high…

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