Arcimoto, the real thing? ($12k tandem EV trike, 70/130 mi. range)

[redpoint5]

... from a website whose only purpose appears to be "awarding" automotive winners.

I declare my 2006 Acura TSX, car of that year.

[freebeard]

I just saw the cite.

I wonder how they're doing during the furlough. My contact has gone silent.

[Piotrsko]

Watched an aptera youtube on my Roku. (Won't do that again, now have every other page devoted to aptera)

However they claim the ev of the year moniker too.

[JSH]

Things aren't looking good for Arcimoto

https://www.oregonlive.com/business/...k-plunges.html

[freebeard]

There's been a short squeeze on the stock for some time. More people furloughed than laid off.

Arcimoto Unveils 3 Wheels and 4 Motors Drive Self Charging E-Trike!

Up close and personal, it looks like it's not a hub motor but a geared motor about the size of the reporter's fist.

v4 is still buggy, gear whine and software crashes.

[JSH]

Originally Posted by freebeard

There's been a short squeeze on the stock for some time. More people furloughed than laid off.

In the current market automakers cannot build cars fast enough. If a company is sending employees home that is a HUGE problem right now.

The core problem is they only made 41 vehicles last quarter. Stock price is irrelevant to manufacturing unless you are trying to stay afloat by selling stock to cover day to day expenses.

[freebeard]

Not saying it's not a porblem. [citation needed] on the production numbers. I heard six a day, and I've seen at least 30 in the rental cent at one time.

At one point in the video you can see the Faction self-driving deliverator with it's gull wing door. I still don't see why they don't use the Eagle door. It's still a four-bar linkage, but the door lofts over the roof for more headroom standing next to it.

[JSH]

Originally Posted by freebeard

Not saying it's not a porblem. [citation needed] on the production numbers. I heard six a day, and I've seen at least 30 in the rental cent at one time.

At one point in the video you can see the Faction self-driving deliverator with it's gull wing door. I still don't see why they don't use the Eagle door. It's still a four-bar linkage, but the door lofts over the roof for more headroom standing next to it.

Production numbers are from the 2Q2022 quarterly report. Those are the latest official numbers and we aren't likely to see 3Q2022 numbers for another month. From the last SEC report:

Hi. My name is Doug Campoli. I'm Arcimoto's chief financial officer and treasurer. 102 FUVs were produced in the second quarter of 2022, an almost 16% increase over our previous quarterly record.

41 were sold at an average sales price of $21,658, four were deployed in the marketing or other company use, and 20 were deployed into rental operations. And the balance will be moved into rental or fixed assets. Tilting Motor Works sold a quarterly record of 35 units with an average sales price of $12,296. As of June 30, 2022, there are 400 happy customers on the road as brand ambassadors.

We now have 98 FUVs in our growing rental fleet available for revenue generation, along with a total of 79 FUVs allocated to marketing, R&D and internal fleet use.



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.)

[freebeard]

I still have an unperfected reservation number, so there is that. They already outnumber the ICE trikes on local streets.

I received an offer for financing at IIRC 1.9% for 36 months. After the $7500 State rebate, $14K would be $400/month. Half down and it be barely managable.

I'n torn about the MLM. It will be in my price range but it doesn't have the FUV's cage. It needs more development (software bugs and gear whine).

[redpoint5]

I'm part owner of a PT Cruiser. Friends came over on the weekend with a lobster feast and gifted me with the car for no apparent reason (lobster feast is an annual B-day celebration for my wife). I gifted an Apple AirTag I had laying around.

Here's where my car currently is;
https://key4allfinder.com/

Let me know if you want to borrow the key.