Zapp Electric (NASDAQ:ZAPP) stock is on the move Tuesday as the electric vehicle (EV) company’s shares started trading this morning!
Let’s get into everything investors need to know about Zapp Electric and ZAPP stock below!
ZAPP Stock Details
- Shares of Zapp Electric started trading on the Nasdaq Exchange today under the ZAPP stock ticker.
- The company’s warrants are also trading on the exchange using the ZAPPW ticker.
- Zapp Electric is an EV company focused on electric motorcycles and scooters instead of four-wheeled vehicles.
- Founded in 2017, the company released its first product, the i300, in 2018.
- One of the major advantages of the i300 is its ability to charge through a standard wall socket.
- This allows the two-wheeled EV to go from 20% to 80% charge in about 40 minutes.
- The i300 offers the convenience of electric charging on the go without relying on an EV charging network.
- Zapp Electric also notes that its EV consists of mostly recycled parts.
- The bike also features an exoskeleton with fewer components for easy assembly.
- This brings with it a lower weight that allows the i300 to go from zero to 30 miles per hour in 2.3 seconds.
ZAPP stock is off to a poor start on Tuesday. The company has only seen about 7,000 shares change hand as of this writing. This also has the company’s shares falling 18.8% as of this morning.
There’s more recent stock market news traders will want to know about below!
We’ve got all of that news ready to go with our latest deep dives into the stock market for Tuesday! Among that is what has shares of Uber (NYSE:UBER), First Republic Bank (NYSE:FRC) and Nikola (NASDAQ:NKLA) stock moving today. You can catch up on all of this news at the following links!
More Tuesday Stock Market News
- UBER Stock Alert: Can Uber Really Surge 152% From Here?
- FRC Stock Alert: New York Stock Exchange Delists First Republic
- Nikola (NKLA) Stock Gains on Voltera Partnership
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
