What happened Shares of Ideanomics, Inc. (NASDAQ: IDEX) fell today after the company released its October figures from its Mobile Energy Global (MEG) division and commentary on the full fourth quarter. The company's stock fell by as much as 12% on today's announcement. As of 1:37 p.m. EST, the company's stock had rebounded a bit and was down 6%. So what Ideanomics said today that its MEG division, a provider of electric-fleet vehicles, delivered 102 units in October. Additionally, the company mentioned that 340 units that were invoiced between July through September are still pending expected delivery. Image source: Getty Images. The company said that two major national holidays in China during the month of October resulted in fewer business days, and "[a]s a result, it was expected to be a lower delivery volume month." Ideanomics CEO Alf Poor said in a press release that as the company enters the final months of 2020, it will focus on orders of larger vehicles and expanding its battery-system deliveries. He said, "As we look to round out Q4 and 2020, our goal is to deliver quarter over quarter growth while building our order book so that we can hit the ground running in 2021." Investors were clearly disappointed with the company's October figures, but even with today's share-price slide, the company's stock is still up 28% year to date. Now what Even though Ideanomics's share price has made significant gains this year, it's still down from the massive gains from the summer. And with today's significant share-price swing, it appears Ideanomics investors are willing to send this stock reeling based on simple press releases. Investors may want to proceed cautiously before investing in this company. 10 stocks we like better than Ideanomics, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ideanomics, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source