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Originally Posted by JSH
Does any of that sound like company with a large backlog of orders to fill? They made 102 vehicles - 41 were sold to customers and they kept the rest. And now they are laying off workers. (Oregon Live says they laid off 50 and furloughed 66 employees.)
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Sounds like supply chain problems. I know one of their powder coaters was shut down over
Corona-chan. Third quarter results will be official on the 14th. Via email:
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Third Quarter Financial Results
Q3 was also a record-setting quarter for Arcimoto with 150 vehicles produced and 74 customer vehicles delivered, representing an approximately 80 percent increase in customer vehicles delivered compared to Q2. Please note that these are unaudited numbers and are subject to change. We'll have the official numbers when we release our third quarter financial results on Monday, November 14.
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https://joyreactor.cc/post/4236810
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