Quote:
Originally Posted by freebeard
I think this is a case of growing too fast. They're way out over the tips of their skis, as it were.
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Arimoto went public with a plan to sell 50,000 vehicles a year in 2022. That is what they told investors when they took the money. The reality is they will be lucky to make 500 vehicles in 2022.
Delivering 1% of projected sales is not growing the business too fast
Now they could have been realistic and said: We are going to be an electric Campagna Motors or Vanderhall. We will make 100 - 200 trikes a year for $50,000 each. That would have been realistic but being realistic doesn't get you an IPO and market cap of $1.3 billion.