Shares of Atlis Motor Vehicles Inc. AMV, +198.62% are set to skyrocket again on Wednesday, the second day that the electric truck and battery maker trades on the Nasdaq. On Tuesday, the company debuted with the stock shooting up $54.62, or 198.6%, to close at $82.12. In Wednesday’s premarket, the stock leads all gainers as it soared 192.3%. The company, which develops electric work trucks and the batteries to power them, went public through a Reg A financing, after raising more than $35 million through Reg A and Reg CF crowdfunding offerings. In the company’s quarterly filing late Tuesday, the company reported a net loss for the quarter to June 30 of $17.3 million on no revenue, after a loss of $6.2 million on no revenue in the year-ago period. The company went public at a time that the Renaissance IPO ETF IPO, +1.52% has lost 8.0% over the past three months while the S&P 500 SPX, -0.21% has declined 4.6%.
