Other EV stocks that may be seeing some extra selling pressure after the ELMS development include Mullen Automotive ( MULN -7.9%), Hyliion Holdings ( HYLN -6.7%), Volcon ( VLCN -5.1%), Workhorse Group ( WKHS -6.7%) and Canoo ( GOEV -5.0%). So far, no major analyst has jumped in to call a buying opportunity on ELMS amid the share price collapse. We look to the new management team to better assess ELMS' ability to navigate the increasingly competitive electric vehicle market." In our view, a significant key competency for the company originated from the deep experience of its management team. (So I appreciate Mr Cardys answer, but when he claims that. On top of that both the Electric Last Mile ( ELMS ) CEO and chairman have resigned.Ĭowen analyst Jeffrey Osbourne sums up the cautious vibe from Wall Street on ELMS: "We are taking a wait and see approach following the announcement that Electric Last Mile Solutions' CEO and Co-founders have departed the company. He finally gave up, because some idiot kept changing it back to fit his personal view on the matter. The electric vehicle startup rattled investors with the disclosure that it will restate some previously issued financial statements following a board investigation. Released Android iPhone iPad Nintendo Switch Implosion is a Sci-Fi Hack and Slash game where the protagonist fights against enemies known as XADA using WM-III (WarMech-3) battle suits. Electric Last Mile Solutions (NASDAQ: ELMS) fell 34.44% in early Monday trading to carve out a new low of $3.66.
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