This $15,500 Electric Three-Wheeler Is Tesla's Latest Competitor

The Solo is a unique single-seater electric vehicle designed for individual commuters, with a focus on quick assembly and efficiency. Priced at $15,500, it is currently hand-built in Vancouver, with plans for mass production in China. Despite having 23,000 pre-orders, the market for single-seaters is limited, as most consumers prefer trucks. The company is exploring car-sharing and delivery markets to expand its reach. Investor confidence is low, but the CEO is optimistic about profitability and future production plans, including a two-seater roadster.

What is the cost of the Solo electric vehicle?

• $25,000

• $15,500

• $10,000

• $20,000

What percentage of North American commuters drive alone to work each day?

• 83%

• 60%

• 50%

• 70%

Which companies are testing the Solo for deliveries?

• 7:11 and DHL

• Amazon and Walmart

• FedEx and UPS

• Uber and Lyft

What is the expected gross profit built into the Solo's design?

• 10%

• 15%

• 20%

• 25%

Which site is Electromechanical interested in for future production?

• Nissan's Smyrna Plant

• Ford's Dearborn Plant

• General Motors' Oshawa site

• Tesla's Fremont Factory