Volcon Stock Jumps On New ‘Multi-Million Dollar’ Deal, Buyback Resumption — Retail Traders Eye $1 Bounceback

The news follows recent tariff challenges, a narrowed Q1 net loss, and ongoing development of a dual-sport motorcycle targeted for a late-2025 launch.

Retail chatter around Volcon ePowersports rose sharply Tuesday after the company disclosed a purchase order from Advanced EV for 1,000 golf carts. 

The order will support market testing of a new golf cart model developed in collaboration with Super Sonic under a February distribution agreement.

Volcon shares closed up 4.88% at $0.60 on Tuesday, with after-hours trading pushing the stock another 2.01% higher to $0.61.

“This is the second multi-million dollar deal in the last five weeks,” said Volcon CSO Josh Rasmussen. 

On Feb. 25, Volcon signed a supply agreement with Venom-EV to provide golf carts and received an initial purchase order for 500 units. 

The company also announced that it has resumed its share repurchase initiative.

Volcon’s Board of Directors approved a share repurchase program in March, which permits the company to buy back common stock valued at $2 million.

The authorization extends through March 7, 2026.

These recent developments come as the company seeks to mitigate the effects of U.S. tariffs implemented in April, which impact imports from China and Vietnam, the production locations for Volcon’s vehicles.

Tariffs on Chinese imports were raised on April 9, while those for Vietnam were deferred for 90 days. 

As of May 9, Volcon is evaluating whether to shift to U.S. assembly or continue importing complete vehicles and absorb the higher costs.

CEO John Kim said, “The international trade landscape is in a state of flux… our cash position is strong and we still believe we are on track to operate into 2026,” while adding that the company is working to minimize tariff impacts and reduce costs further.

In the first quarter of 2025, Volcon sold all remaining Grunt EVO motorcycles and received prototypes of a dual-sport motorcycle currently under development. 

The company aims to launch the model in the second half of 2025, subject to regulatory clearance, testing, and cost considerations.

Volcon reported a first-quarter (Q1) revenue of $736,049, down from $1.08 million in Q3 2024. 

The revenue included contributions from Grunt EVO, Brat, HF1, and MN1 models. 

Net loss narrowed to $2.46 million in Q1 from $13.64 million in the same period a year ago. 

On Stocktwits, retail sentiment was ‘bullish’ amid a 4,800% surge in 24-hour message volume.

One user said the 1,000 golf cart order and the resumed share buyback suggest Volcon wants to get the stock back above $1 soon, calling it a setup for a potential run. 

Another user estimated the deal could be worth $10 million if each cart sells for $10,000, with hopes for a spike similar to previous rallies.

The stock has declined 85.6% so far in 2025.

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