Ideanomics isn't trying to be like other EV companies, not exactly. Ideanomics is going to be selling busses, for example right. How will the customers charge them? With WAVE of course. And how will customers finance the implication of the busses and charging stations? With MEG of course. Ideanomics is a one stop shop for transit authorities to go from gasoline/diesel power to EV. $IDEX can provide everything, you only have to sign the paperwork. So, I imagine once this business model is up and running in more places than just Utah (the whole of America, China, in smaller Asian markets, and Europe), Ideanomics will have the power to expand into consumer vehicles. They already have a concept design for a truck. And because by then Ideanomics will be selling busses, and motorbikes (with Treelectrik), in America, investors can't say Ideanomics isn't Nikola all over again. I haven't even mentioned the commercial lorries Ideanomics wants to make, or the Soletrac investment. With all this mind, you understand now why Ideanomics's CEO: Alf Poor referred to Ideanomics as the future Android of the EV space. Ideanomics is creating its own EV/Fintech ecosystem. At first glance all these companies seem random, like some sort of fraudulent publicity stunt one after another, but each acquisition has its place to be implemented, to compliment other businesses under the umbrella.

Once IDEX's potential is fully priced in, the price will be atleast $20, but could be as high as $50. Ideanomics's gross revenue is expected to be 150mill to 200mill in 2021, less than 1/5th of total market cap at the moment. Not to mention they're still sitting on roughly 200mill in cash.