Why Is Volcon (VLCN) Stock Up 56%?

Volcon(VLCN) is rising higher on incredible pre-production orders.
The company has over $100 million in orders for its Stag electric utility task vehicle (UTV).
This fills its production capacity for 2023.

Source: Shutterstock

Volcon(NASDAQ:VLCN) stock is rocketing higher on Friday after the electric vehicle (EV) company revealedmassive pre-production orders for its Stag.

The Stag is the first EV being made by Volcon. It’s an all-wheel drive, electric UTV that makes use ofGeneral Motors’(NYSE:GM) electric propulsion system technology.

According to the company, its pre-production orders for the Stag have surpassed $100 million. 90% of these orders come from its domestic and international dealer network. Investors will note that the Stag has an MSRP of $39,999.

Jordan Davis, CEO of Volcon, said the following about the Stag news that’s boosting VLCN stock higher.

“Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch. While we firmly believed we would achieve our pre-production sales targets, we have been pleasantly surprised at the pace at which we achieved our goals.”

Even though pre-production orders for the Stag have surpassed production capacity for 2023, the company is still taking orders. However, it’s doing so through a wait list that’s open to both dealers and consumers.

News of the pre-production orders brings heavy trading to VLCN stock. As of this writing, more than 36 million shares of the stock have changed hands. That’s an incredible leap over its daily average trading volume of about 1.4 million shares.

$Volcon Inc(VLCN)$

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Comments

KSHoSG
2022-08-22
KSHoSG
[Thinking]
kaixuan1213
2022-08-22
kaixuan1213
o
niyhop
2022-08-22
niyhop
.
ac1887
2022-08-22
ac1887
Great
Andersonkana
2022-08-22
Andersonkana
good
Aichai
2022-08-22
Aichai
Ok

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It’s an all-wheel drive, electric UTV&nbsp;that makes use of<b>General Motors’</b>(NYSE:<b><u>GM</u></b>) electric propulsion system technology.</p><p>According to the company, its pre-production orders for the Stag have surpassed $100 million. 90% of these orders come from its domestic and international dealer network. Investors will note that the Stag has an MSRP of $39,999.</p><p>Jordan Davis, CEO of Volcon, said the following about the Stag news that’s boosting VLCN stock higher.</p><blockquote>\n “Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch. While we firmly believed we would achieve our pre-production sales targets, we have been pleasantly surprised at the pace at which we achieved our goals.”\n</blockquote><p>Even though pre-production orders for the Stag have surpassed production capacity for 2023, the company is still taking orders. However, it’s doing so through a wait list that’s open to both dealers and consumers.</p><p>News of the pre-production orders brings heavy trading to VLCN stock. As of this writing, more than 36 million shares of the stock have changed hands. That’s an incredible leap over its daily average trading volume of about 1.4 million shares.</p><p><a href=\"https://laohu8.com/S/VLCN\">$Volcon Inc(VLCN)$</a></p></body></html>","htmlText":"<html><head></head><body><ul>\n <li><b>Volcon</b>(<b><u>VLCN</u></b>) is rising higher on incredible pre-production orders.</li>\n <li>The company has over $100 million in orders for its Stag electric utility task vehicle (UTV).</li>\n <li>This fills its production capacity for 2023.</li>\n</ul><p><img referrerpolicy=\"no-referrer\" src=\"https://community-static.tradeup.com/news/10a45b963b1730a9c9f30845ad16a733\" tg-width=\"-1\" tg-height=\"-1\">Source: Shutterstock</p><p><b>Volcon</b>(NASDAQ:<b><u>VLCN</u></b>) stock is rocketing higher on Friday after the electric vehicle (EV) company revealedmassive pre-production orders for its Stag.</p><p>The Stag is the first EV being made by Volcon. It’s an all-wheel drive, electric UTV&nbsp;that makes use of<b>General Motors’</b>(NYSE:<b><u>GM</u></b>) electric propulsion system technology.</p><p>According to the company, its pre-production orders for the Stag have surpassed $100 million. 90% of these orders come from its domestic and international dealer network. Investors will note that the Stag has an MSRP of $39,999.</p><p>Jordan Davis, CEO of Volcon, said the following about the Stag news that’s boosting VLCN stock higher.</p><blockquote>\n “Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch. While we firmly believed we would achieve our pre-production sales targets, we have been pleasantly surprised at the pace at which we achieved our goals.”\n</blockquote><p>Even though pre-production orders for the Stag have surpassed production capacity for 2023, the company is still taking orders. However, it’s doing so through a wait list that’s open to both dealers and consumers.</p><p>News of the pre-production orders brings heavy trading to VLCN stock. As of this writing, more than 36 million shares of the stock have changed hands. That’s an incredible leap over its daily average trading volume of about 1.4 million shares.</p><p><a href=\"https://laohu8.com/S/VLCN\">$Volcon Inc(VLCN)$</a></p></body></html>","text":"Volcon(VLCN) is rising higher on incredible pre-production orders. The company has over $100 million in orders for its Stag electric utility task vehicle (UTV). This fills its production capacity for 2023. Source: Shutterstock Volcon(NASDAQ:VLCN) stock is rocketing higher on Friday after the electric vehicle (EV) company revealedmassive pre-production orders for its Stag. The Stag is the first EV being made by Volcon. It’s an all-wheel drive, electric UTV that makes use ofGeneral Motors’(NYSE:GM) electric propulsion system technology. According to the company, its pre-production orders for the Stag have surpassed $100 million. 90% of these orders come from its domestic and international dealer network. Investors will note that the Stag has an MSRP of $39,999. Jordan Davis, CEO of Volcon, said the following about the Stag news that’s boosting VLCN stock higher. “Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch. While we firmly believed we would achieve our pre-production sales targets, we have been pleasantly surprised at the pace at which we achieved our goals.” Even though pre-production orders for the Stag have surpassed production capacity for 2023, the company is still taking orders. However, it’s doing so through a wait list that’s open to both dealers and consumers. News of the pre-production orders brings heavy trading to VLCN stock. As of this writing, more than 36 million shares of the stock have changed hands. 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