Why Volcon Shares Are Soaring Today

by Shivani Kumaresan, Benzinga Staff Writer

July 11, 2022 11:07 AM | 1 min read |

Volcon Inc 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.
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