- Volcon Inc (NASDAQ:VLCN) has received thousands of non-binding pre-production orders, which, if finalized, would result in more than $70 million worth of revenue following delivery.
- The company opened pre-production orders for its first all-wheel drive, fully electric UTV, the Stag, for its dealers beginning June 27.
- Related: Volcon Opens Pre-Orders For Fully Electric UTV ‘Stag’
- The company plans to continue accepting orders for 2023 model year production from dealers until sold out and will waitlist after.
- “We made a conservative estimate concerning sales volumes, having worked closely with our sales and marketing team to identify sales targets for 2023,” said CEO Jordan Davis.
- Price Action: VLCN shares are trading higher by 24.9% at 1.99 on the last check Monday.
- Photo Via Company
Why This Kroger Analyst Is Turning Bullish
Kroger analyst upgrades rating from Market Perform to Outperform and raised price target due to stable gross margins and potential acquisition.
