Forza X1 announces 50 Electric Boat Reservations potentially worth over $8.5M in Revenue

(24/7 MARKET NEWS) – Forza X1, Inc. (NASDAQ: FRZA) announced that it received 50 non-binding pre-production reservations since the end of July 2022, for its initial two models, the FX1 Dual Console and FX1 Center Console which, if ultimately finalized, could result in more than $8.5 million in revenue for the Company following delivery.

Forza X1is trading at $2.07, up $0.38 (+22.43%), on over 1.9 million shares. It’s mostly traded lower, since its IPO, and appears to be attempting its first sustainable trend reversal. Its trading range, since its August 2022 IPO, is $1.53 to $15.00.

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