Shares of Volcon, Inc. (VLCN) are rallying more than 50% Friday morning, after the electric powersports company said it received more than $100 million pre-orders for its fully electric UTV, the Stag.
“Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch,” said Jordan Davis, Chief Executive Officer.
Volcon said it plans to expand supply and production capabilities by teaming up with General Motors to meet demand in 2023 and beyond. Stag is powered by General Motors electric propulsion system.
VLCN is at $2.76 currently. It has traded in the range of $0.9500-$17.9600 in the past 52 weeks.
Source: Read Full Article
-
Agiliti Stock Up 12%
-
Colombia’s President Embraces 'Hodler' Status, Banks on Country’s Future with Bitcoin and Blockchain
-
Bitcoin Poised for Explosive Growth to $190,000 After Crossing the $30,000 Threshold, Analyst Says
-
Rocket Lab USA Falls After Launch Failure Of Its 41st Mission
-
Fitch Fitch's US Credit Rating Downgrade: How It Could Impact Bitcoin US Credit: How It Might Impact Bitcoin – Analyst Insight