03-23-2021, 09:17 PM
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#836 (permalink)
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Master EcoModder
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www.fool.com/investing/2021/03/04/why-arcimoto-stock-fell-171-in-february/
Quote:
The overall EV market is poised for big growth over the long term, but it remains to be seen whether Arcimoto's vehicles will catch on. The business appears to be scaling up quickly, but it remains at a very early stage, and charting its trajectory involves a high degree of speculation. Across the year ending Sept. 30, Arcimoto produced just 136 vehicles.
Arcimoto is scheduled to report fourth-quarter earnings on March 31. The company has a market capitalization of roughly $578 million and is valued at approximately 26 times this year's expected sales.
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If I was a holder of Arcimoto stock I don't think I'd appreciate this lawfare against my holdings.
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