Whatever happened to Arcimoto?!?
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- เผยแพร่เมื่อ 28 มิ.ย. 2023
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From the darling of TH-cam to a footnote in the "where are they now?" files, Arcimoto is still alive and kicking. You can see them exhibiting at various shows and expos, but the sales and execution is still lagging and lacking.
Links from the show:
Can mobility fix the world? Interview w/ Arcimoto CEO Mark Frohnmayer
• Can mobility fix the w...
As much as I want to say BUY Arcimoto, I can barely say HOLD
• As much as I want to s...
Videos about Arcimoto on this channel
www.youtube.com/@MyTeslaWeeke...
Frohnmayer out as CEO of Arcimoto following DUII citation
www.registerguard.com/story/n...
Arcimoto reanimated, saving the fast three-wheeled electric vehicles from bankruptcy
electrek.co/2023/02/23/arcimo...
Three-wheeled electric vehicle company Arcimoto shakes up team with former Tesla talent
electrek.co/2023/04/20/arcimo...
#arcimoto #investing #bankrupt - ยานยนต์และพาหนะ
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Arcimoto was always an extremely risky bet. I always had two major issues. One is that they didn't have doors, even cloth ones, which meant they were not a practical all weather vehicle, and 2nd is that they are way too expensive to be a practical vehicle in the US market, and so they make perfect sense in india, or in southeast asia, and IMHO that is probably where the company should have been. If they had their current product with some kind of door, even if it was canvas and plastic on zippers and removeable for $12,000 in the US, I think it would have crushed it.
The reality is though, manufacturing is easily the hardest part of any real world product.
You don't know what you are talking about. India you get a proper ev for 15k usd
Doors and Heater a Must at least here in the PNW good idea 💡
I thought arcimoto products looked promising but Arcimoto allows thugs to roam their site and and attacks fair comments about design flaws. They've got a product that has less function than Asian options that are cheaper. They support a nasty stalker with impugnity.
as an owner, in the pacific northwest, i found the concerns about water intrusion to be mostly unfounded. the design forms an air curtain; unlikely to get wet. the problem, even with heated handlebars, is the cold. you don't see harleys in the winter for a reason....
@@speedfreak8200 and air conditioning in the southern USA!
Thanks Brian. Your analysis was spot on. I am an Arcimoto fan. I support their vision. I own an FUV and a fair amount of stock. I have had my FUV for over two years and I just love it. I have been invested in the company since early 2020. I sincerely hope they can pull a rabbit out their hat and somehow survive. The good news for me is I also invested in Tesla at the same time and that investment has been working out a bit better. Love your channel, your deep dives, and your appearances on other TH-cam channels.
I drive by Arcimoto’s HQ when I’m in Eugene to check for new developments. Will let you know when I see some.
Well they cut off power to their facilities, so.
@@baconatorrodriguez4651 lol😄
Nothing wrong with buying a scratch ticket once in a while. I’m still crossing my fingers for Canoo! I’m not planning to retire on it, but hey sometimes a cool product can beat the odds. And no you’re not doomed😂
I really like Conno.
canoo went bye bye
Disclaimer: I just bought an Arcimoto FUV. I also bought 100 shares of stock @$1.57 a few weeks ago. Like the author said, it probably wasn't a wise financial decision, more like a leap of faith because I believe in the concept. (I just think it is ahead of its time; more on that)
I have been intrigued with Arcimoto for quite a while. I generally agree with what this video points out, but I'm also happy to say the person who took a test drive right before I did also bought one. So Arcimoto had one good day. The vehicle practically sells itself.
I have a Ford F-150 truck. Even though I am retired, I still need a truck often enough to justify keeping it. But most of my trips are single occupancy, less than 20 miles. I needed a "second car,' but didn't want to spend a lot of money, and didn't want car payments. I also didn't want a used car.
I also had misgivings about electric cars because of battery life. The battery is 75% of the cost of an electric car, and has a life of 5-7 years. Basically forcing you to buy a new car every few years.
After the test drive, I told the salesman I loved the vehicle, but he would have to sell me on the company.
I'm not a stock market guru, but I can read a chart. I still have a few misgivings, but it comes with a 3-year warranty, which legally they have to set aside money for in case of bankruptcy, etc. So I took the chance.
They also need to come up with full doors, fast. Most of the reviews I looked at said you actually got very little falling rain water inside the cockpit, but you did get quite a bit of splash from puddles and passing vehicles, and the half doors prevent that. But most people are going to want full doors. (There are a couple of aftermarket doors you can buy) I got the half doors on mine, and considering the short trip driving I will be doing I'm hoping they do the job in the Seattle winter.
Here's my long term take: sooner or later there will be a market for Arcimoto type vehicles. One of the aspects about American society is we expect our cars to be Swiss army knives. We want a vehicle that is an efficient commuter that gets good milage, can carry enough cargo, and yet be comfortable enough to take cross country. Our present vehicles try to do that, but there are trade-offs. Anywhere else in the world you see a lot more specialized vehicles, everything from 3 wheeled Peugeot's to tuk-tuks. that do one thing well. This is Arcimoto's niche. It would be a decent commuter car, but they really need at least canvas doors.
I also look at long term societal trends. When either California (followed by a few other states) outlaw internal combustion cars, or when gasoline gets prohibitively expensive, people will have to buy EV's, and not everyone can afford a Tesla. People will begin evaluating what they need a car for, and the FUV would be a great commuter car. There will be a market for a low initial cost EV. if Arcimoto can hang on long enough for that to happen.
Another viable scenario would be a major auto or motorcycle manufacturer sees the same trends that I do and buys the company out. I'll post back in a year or so, after I see how the FUV makes it through the winter.... and we'll see where the stock is by then. It closed at $1.50 yesterday, so for the 100 shares I bought at $1.57..... well, I'm down $7.
There is a lot in your comment, I will focus on just one point of contention after saying videos like this are just click bait trash. They are extremely negative and dishonest, starting with the title that falsely implies something 'happened' to Arcimoto, such that it was not around recently. Pure BS click bait and an undeserved kick in the face to Arcimoto workers and owners.
As to battery prices, both you and Reuters got something wrong - battery prices will continue to drop per KWH while their capacity increases and their weight drops. This has happened every year for at least 30 years now. AND the trade-in value of an aged battery is considerable. They dont die, they still have years of service left in most cases for power storage use.
"Battery packs can cost tens of thousands of dollars and represent *up to 50%* of an EV's price tag, often making it uneconomical to replace them[???!]. While some automakers like Ford Motor Co (F.N) and General Motors Co (GM. N) said they have made battery packs easier to repair, Tesla Inc (TSLA." Mar 20, 2023 Insight: Scratched EV battery? Your insurer may have to junk ... Reuters
www.reuters.com › business › autos-transportation
I took my 2 post-split shares and bought 98 more @ $1.43 👊
Now its .55 usd
@@Mri881 Yeah, definitely not having high hopes of any near term gains right now hahaha
Thanks - I watched not from an investment standpoint, but as a long time motorcyclist, I'm enamored of the vehicle. As a Tesla owner, a small electric run-around makes sense. Why take a 2+ ton vehicle to the supermarket for a couple of bags of groceries. I normally do this on my motorcycle (top box is helpful), but I've got to gear up to do so. The Arcimoto would just be easier. However, today's price at $20k is pretty steep for an elementary vehicle. Nonetheless, almost no one buys vehicles as an investment...
Just the same argument for driving the two ton vehicle to the grocery for a couple bags of groceries can be made for spending $20,000 for another vehicle to drive to the grocery store for a couple bags of groceries as it makes no financial sense. Back to driving my two ton vehicle that I already own to the grocery store for a couple bags of groceries. Although I've been looking at the Honda Trail 125 that costs about $7,000 out the door and would use 6 oz of gas costing me about .35 cents round trip in gasoline to get those same two bags of groceries, now that makes more financial sense than an Arcimoto.
it's quite a vehicle. fun to drive. worth the price (which inflation-adjusted is pretty near their original target). it costs very little to operate, so compare it to a small car--arcimoto beats cars hands-down on price. not for driving in the cold.
I like the arcimoto product and i believe in it. Hopefully they'll survive. I am also waiting for the trike. Thanks for the update. I was wondering why the arcimoto stock keep on dropping. Right now, it seems like they're nearing bankruptcy. The FUV seem like a seasonal vehicle. Hopefully, the price go down to $10000 for the FUV. Then i believe it will sell.
Well done Brian! Hats off to you for standing up and saying like it is, and hope you don't get too much flack! regards
I don't think it's as likely this time.
Hey Brian. I do hope you will keep one eye on them once a year for an update. I still hope that the magic happens.
I bought, I sold, I learned. Enough said.
Thanks for the update. I also invested based on what others were saying (lesson learned), but in retrospect should have done more of my own research. I've worked in a couple startups in upper management. What I saw going wrong was them getting carried away with all the investment they got, spending a ton of resources on trying to invent something new (leaning machine) instead of focusing on sales of their current models and reducing manufacturing time and cost for their vehicles, which I think were (are?) overpriced. This is a discipline issue and like you I hope they come back as I never cashed out my investment and still have some stock in the firm.
Thanks for covering this, you're the only one in a long time.
A viewer asked and it got me thinking.
@@FutureAZA Thanks for the reply, I wish them the best, I may put a little in again, even losing my first investment. I really want them to succeed but I just don't think they have the Tesla drive.
What happened was that Arcimoto went schizophrenic.
It produced 3-5 different models of the FUV, instead of just 1 or 2.
It bought Tilting Motorworks.
It created the Mean Lean Machine, the tri-cycle.
And it bought this big production site.
It got spread thin instead of focusing on getting vehicles to customers.
They RAN OUT of other peoples $$$. Pure and Simple.
Even their Wiki is old news....
The market is in Florida and California. Who is gonna fix or maintain it?
If FUV could have made these things in quantity at a very low cost, it would have been worthwhile. Unfortunately, their window is closing. It’s probably already too late. Tesla’s (and others) next generation platforms will be comparable in price and a lot more sensible for most buyers. FUV lacked urgency and missed their chance.
Prototypes are easy, production is hard. They over expanded and under produced. The overhead plus R&D were way out of line with the revenue generated. Strip it down to the bare minimum and they might make it through production hell. Here are the headwinds they need to overcome: increase demand, reduce costs, expand states they can sell in. In addition, expand rental markets by selling to rental agencies (dont open rental centers), find a big corporate partner for the deliverator, and look for government uses.
Agreed, it was the execution that concerned me. I visited as well and drove it for half a day or more. But they did not have a a drive toward efficiency and scaling. It is a hard problem and covid did not help but this business is about overcoming, and that takes drive.
I live in Eugene Oregon (yes home of the Arcimoto) i have rode in one twice and see them around town and get a Monthly Newsletter
Doors, doors, doors. The lack of them effectively limits the FUV to a fair weather toy. They still don't have a full door due to the beautiful and ridiculously complicated geometry of the rolled steel pipe frame. Still waiting for version 2 where they fix that epic engineering fail if they last that long. Thanks for the video Brian.
The lack of doors are an easy dealbreaker for me at (almost) any price.
Optional doors were to be on it when they did the IPO SEC filing. Yet they never happened. They even had pics of it in the filing. Then they were to have optional bigger battery pack and HVAC. Those never happened either. You'd think that this was the 8th iteration of it before they went into production, it would have all of that built in.
Please keep us up to date on Aptera - I barely ever see anybody talk about them.
Really looked like a good down to earth company with a decent product and working with Sandy. That reverse split did not help. As someone who hopes to relocate to the PNW this stings.
brian have you covered Aptera project/ still pre production growth plan ?
thank you and please update us on your opinions on aptera brian!
and evaluate ENERGYX ( LITHIUM EXTRACTION technology)
also discovered on now you know as a new patented technology in lithium processing
i was excited ( and made a pre public investment investment ) too - speculatively …
I was hoping to hear that they were bought up or invested in by Tesla/ Musk
but in April 2023 I learned they have been enthusiastically invested in ( with $50m ) by GM.
and while that “sounds great”…
i’m not very certain that bodes well!
do you have any insight??
I got way too excited in this company early on and invested too much. I hope they can turn it around from where they are now. They definitely have a great vehicle. The manufacturing and sales have been executed horrendously. Factories like theirs should opperate 24 hrs a day and outsource non-technical components like the frame, suspension and body. I think they will succeed in the long run though.
MY thoughts also, you provide a great service, thank you so much.🙂
ARCIMOTO LIVES. Eight thousand miles in eight months of SoCal commuting. The ride delivers as advertised. Some say it's too expensive, but at $24K without federal rebates it was still the best way to electrify my work commute. My first EV was not going to be an overpriced used Bolt or a Tesla that can fart and do tricks for $50K.
The FUV has it's limitations, but actually is a viable EV. The company has proven to me on two occasions that they are dedicated to supporting my ride. I have no regrets taking a risk on a quirky trike built by tree huggers in Eugene. In fact I enjoy supporting people like that.
But it is an entirely different story from the investors, they are a sour lot compared to all the fun the owners have driving the vehicle.
Arvimoto is scrappy and still grinding.
My hope is they join forces with Aptera and use CPC's IP to build a body with doors and widows and mate it to the next generation chassis 1.X. bring down cost and make a profit.
thanks for posting, I would love for it to succeed. I am sure you are having fun on your commute!
Everybody says how 20k is too high. I just sold a Can Am Spyder RT that is a three wheeled motorcycle that runs 25k. No crash protection... no cover over your head. Nobody complains about them being pricey. Theyre both a blast to drive. I am waiting on the availability of sale in texas. They (Arcimoto) needs to expand to more states and as you say... lean down.. quit going in dozens of directions.
@@sfields6903 I agree that they are not priced outside the range of similar offerings. Most small companies doing electric cargo bikes in this space also struggle to deliver the price point that would allow them to scale. My friend recently bought a bakfiet/long john style electric cargo bicycle. they cost 10 000+ easily but they have far less utility than an arcimoto.
That said I think you do have to consider the incoming $20k evs from huge companies like tesla and byd seriously. If they can get their offering under $15k they will thrive. Otherwise not.
I keep hop[ing Arcimoto will make it and I really enjoyed renting one when I dropped by Oregon last summer. I simply said if they ramp and I think they will survive, I will be interested in buying a vehicle; if not, I won't. I did have some very early shares and enough that after the reverse split, I still have a few and will hold them until they are dead or moving up in the world.
My story is quite similar to yours. I love the FUV, rented one. Invested. Still have some shares remaining. Arcimoto should have focused just on the FUV. Would love to own one but too expensive//doors or not. I still want them to survive.
I had hoped to see a serious scale up and some east coast operations I would have invested in that then and set my build sheet for my own but I think the vision and the funding were oceans apart. 12 mil for a project of this magnitude is like changing one sock for the next days clean clothes. I’m not sure the people in charge envision this on such a grand scale it’s not going to work with stations instead of assembly line. That’s where I think they are out of their depth. Holding hope for the future I like the product.
Genuinely thanks for the sad update. Strange Munroe is so silent about this as they did mention it frequently they were assisting.
Anyway in the end a motorcycle company will buy what's left or even Tesla (more synergy than Twitter)as the product is truly great.
I imagine Munro is under a non-disclosure agreement, as they must be with all their past and present clients.
Maybe Tesla will buy it to make the CyberQuad??
@@FutureAZA Oh but Monroe and Ass. talk about Telsa, Riven, Neo ect all the time along with breaking down their business model and the value of each part etc. A NDA is almost always concerns only what your actually doing for them including discussions. But that does not cover anything else. I think reason Sandy doesnt really want to talk Arcimoto is the falling out they actually had, that all that money spent for Monroe Ass. consultations/advice was basically ignored by them. Mark and company was just in their on little world when it came to actually knowing anything about manufacturing vehicles to scale. RIP FUV...
I changed my mind. Arcimoto + Gogoro = Game changer for mobility.
They could still save the company by selling that tilt bike. It is cheeper, easier to make, can be shipped easier, can be driven by anyone without a license, has awesome ( claimed ) range, and if they could produce it at around $2500 or less? They would actually have something that could save them… but,
Hey Brian, whatever happened to Aptera? They were the first to adopt NACS. Haven't heard anything.
I'll see if I can find anything out. I do know someone who might have an answer or two.
I bought in at $2. I always intended to let it ride until I saw that it was extremely overhyped at an unsustainable value.
Sold most except 20 shares and bought my first Tesla shares.
Then those 20 shares were reverse split, and I only have 2 shares.
I'm still going to let it ride.
I invested in Arcimoto a few years ago because I thought it could be effective as a niche, as a in-town (inter-town?) vehicle. As a city-dweller, I was interested in purchasing one myself. But I sold out a year ago for three reasons:
1: I saw no evidence of effective up scaling for mass production (larger factory notwithstanding)
2: Relates to 1-Because the FUV has limited range and could not be completely enclosed, it would always be a niche product. This is OK, but it had to be priced like that (10K range). I never saw the price drop.
3: Introduction of The Mighty Machine (e-trike). Neat concept but as Brian said, a distraction as Arcimoto had not executed on the FUV yet.
I took a loss too and reinvested the recoup into Tesla. So far, that's worked out OK. 🙂 I've also invested in Boxabl but applied a lesson from my experience with Arcimoto: It's fine to invest in companies with innovative ideas, but only invest what you can afford to loose...
Sandy Munro is speaking on this and the Aptera. They have a great idea it’s to bad it didn’t catch on.
APTERA. Can you please give your thoughts on Aptera... how is their ramp going, how is the business doing, what path are they currently on and at what speed? I want Aptera to be GREAT, but they went bankrupt once before, and I have seen progress over the last year, but seems very little. (maybe I am wrong?) I believe people will buy the vehicle if mass produced, but can the company get there?
They were offering 50 dollars a day rentals last year. I just got an email from them yesterday offering a “special” offer of 500 dollars a day, to rent…
I never saw $50/day. I think I paid maybe $30/hr when I rented one.
@@FutureAZA Even $30 an hour for ten hours would ONLY be $300.00. $500 a day LOL.......
@@FutureAZA the used to let you rent them, and any “rent” paid in would go towards any eventual purchase.
And the offer of 50 may have been a special, I live in Eugene and they were driving around in their little convoys last summer, I cheered them on and some guy hopped out and handed me his card telling me 50/day.
I like the new CEO Chris Dawson 🤔 we shall see
Well done for making this video. A great shame they are struggling, it'll take something special to turn things around?
Besides production, the product is in a small market segment. Occupants and seats being almost completely exposed to the weather is a deal breaker for most people. The steering was too strenuous for many as well. Let's see if Aptera's approach draws more interest
Thank you for explaining this issue.
Glad it was helpful!
Love the red doo, you are always and spot on, I, so far, have not seen you do a super hot take for clicks, Bravo!
It's painful because as much as people say they hate clickbait, it absolutely works. Channels that do it are almost always bigger because that's how human nature works.
Have you revisited again? Do you think they will survive 18 mote months?
I agree with your assessment. In mid march purchaced several thousand shares for about $1.30 and sold 90% of the share less than a month later for about $1.75 sold the remaining 10% a couple weeks ago because it appears to me they wont make it. I may have been one out of a thousand investors that made at least a little on FUV... i doubt i will buy any more FUV l.
My biggest problem with Arcimoto is that they refuse to sell me one. I have been on the wait list for years, but they will not sell a vehicle in my state. Why? Why? Why?
What state? Texas? Just curious…
They will only sell in states that they can service them in. Thus that costs them money to set that up. They are bleeding cash and cannot expand to every state. There was a simple solution to keep this from happening. They could just sell them through Powersports and Motorcycle dealers. Franchise and then let them do the service. Yet Arcimoto is now stuck with a failed business plan.
The bigger question is, how big is Aptera scam? At least Arcimoto delivered some vehicles.
Sad part is Zak&Jessy are believing the Aptera scam too. They're just too idealistic.
Do I remember correctly that they spent a lot of capital buying that leaning bike company? I think they could not be convinced to keep the product line small and concentrate on making one great vehicle.
It was my understanding at the time that they bought Tilting Motorworks in an all-stock transaction, but I didn't dig into it. It would have likely been at least nearly all stock. I hope he was able to sell his shares in a way that left him whole.
Gosh... On the day I Twitter subscribe and get a shout out... I wonder if I was one of the folks who gave you a hard time about FUV?
I really like the thing, saw one in my neighborhood like last year and thumbs upped the driver. Pretty sad to see it's fall from grace, still hoping it can survive...
If you did, water under the bridge. I didn't go back and re-read the comments, and I'm not going to. I only share what I can validate, and my reputation back then wasn't yet established. I went there. I saw what I saw. It led me to concerns that ultimately came to pass.
I had hopes for this company but their direction seemed all over the place with different projects. Plus I would have liked to have seen a version with fully removable doors so you could offer an enclosed vehicle to protect you from the elements.
Archimoto allways looked like a niche product to me, fun but they needed to keep their ambitions in line with the limited market that they could expect to emerge and not overreach themselves with excessive plans for expansion and high tech manufacturing and research.
The company just received a notice from NASDAQ that they will be delisted in 180 days unless they can get the stock price above $1. This is the second time this has happened. Last time they did a stock split.
Brian, I love your channel. Glad I found you.
On a personal note, I think it is time you gave up on that clump (island) of hair on top, and go full "crew cut" or shave. Currently it looks like Yondu's hair (from Guardians of the Galaxy). No offense intended. LOL :)
Can't do it. If I get any sexier viewers won't be able to hear the message over the distraction of my stunning good looks.
My story is almost the same. I think I sold out before it really crashed because I needed some cash.
I really want them to succeed, and I'd even like to own one, but I'm not holding my breath.
I guess if you're a gambling man now would be a good time to get discounted prices.
We all want the best for the company but the truth is the truth.
The truth is Arcimoto is not dead. They still make rides. Just not at a profit, yet.
Basically riding an enclosed electric tricycle! I suspect it would not past the 250 foot cliff plunge test!
Is Jesse Fittipaldi related to Emerson (race car driver)❓️
I never did see the appeal of this product. People got carried away because it's funky and fun, but when faced with the actual cost and what it's useful for, most will never part with their money. It's a shame, but it never had a chance, in my opinion, because the applications are so limited.
"Limited applications" completely encompasses the problem.
I bought in a few years ago and still hopeful for the company as their vehicles make total sense and should be everywhere like TukTuks are in India/Asia but as a major Tesla investor I feel Tesla should’ve bought them up years ago and brought them into the Tesla fold!
Glad you keep it honest. Abused? I hope no physical abuse. Idiots ranting? Don't let that stop you Brian. You rock!
Nothing that rose to such a level, but just some real hostility at a time when the channel was first getting off the ground.
I bought low & made a little money. At the time, looking at their business model, I had to ask “Who’s going to want these?” I came up with a very limited market at the price.
When they put Galie on the board, it was obvious they had no credibility. Putting an influencer on a board is purely a publicity stunt. They never seemed to have a sustainable marketing plan and their location was not a natural place for engineering talent.
Sad they did not execute but production is hard
That's a bit unfair.. But Gallie never did much with it like he did with Tesla..
@@tatradak9781 it is not unfair to say that the management decided to appoint an influencer, rather that an engineer to the board. Money wan not the issue but rather adopting a path to lower costs and increase production.
Anyone who would invest in Zack & Jesse’s “investment club” should be prepared for material losses
All you have to do is go to their website and sign up for their updates on you know exactly what's going on. I get emails from them multiple times a week
I do too. They are not what I consider encouraging, nor entirely forthcoming with the most important details.
Weren't they working with Munro on manufacturing?
Yes, but from what I could see, they didn't adopt enough of their principles to get them to the level they needed to reach.
Sandy was a paid consultant to Arcimoto and they were paying his team a bunch of money. I used to analyze the SEC filings and it was over $2.5M a year. After they stopped paying him (and Galileo Russell's $36k a year) suddenly those two stopped saying nice things.@@FutureAZA
Arcimoto has promise, but at $20,000 no. It should not be the same price as a car. It is a summer cycle/car.if it was enclosed with a heater for winter driving then I would pay $12,000. It’s a stripped down Elio. Elio is a $7500 cycle/car. Good concept but that failed as well. If they did an assembly line configuration I think it would have a better chance of surviving..
There would be less employees less wages and benefits to pay out and so on. Ive been an assembly line for 20 years having stations does not work well in this application. They don’t have a distribution network set up.just like the mythical Elio. They lack capital and crashed and burned. Most people need a high quality as a daily commuter. And not just a fun vehicle. The concept is good but I would make a variant, a model for commenting with doors and side windows ,heater. It would be a 4 season cycle/car.
I bought a small amount of SUV at about $1 and got scared and sold all at $7. This was all before the splits/joins whatever. Hope they do well but can't see a massive market for the fuv.
Certainly before investing in ARCIMOTO you did thorough research on three wheeled vehicles ?
One in particular CORBIN MOTORS SPARROW CIRCA 1998 ?
In the 80's I built a home (I actually built the home) with solar & wind generators & thermo panels. &. Energy storage 80' lap pool indoors. And batteries
I was first net metering in VERMONT ..
Along came Mike and Tom Corbin (father and Son) and built 267 Sparrow EVi was both investor and Dealer and public relations (Today Show)
I bought in at $3. Sold at $1
At one time I had over 25 Sparrows !!
I convinced Vermont DMV to create special class to allow legal registration.
I have tattoos to prove it
Tom Corbin ran a sloppy PONZI SCHEME
HE SUCKED THE COMPANY DRYAND LOTS OF BELIEVERS /investors got burned
Deja vu
I love the product and as an investor am down substantially. I wish them much success and hopefully maybe somehow they can rise up to overcome the challenges they are facing.
Totally agree!
Facing 70% loss I'm destroyed mentally... will it recover till 2$
Three wheel vehicles don't make sense. A super-small, niche market.
Maybe the expanded to early plus 2020 happen.
The stock became very shorted. Looks like got sideways after that
When Munro pulled out, I should have pulled out.
He only pulled out because they stopped paying him. Sandy was getting over $2.5M a year from Arcimoto as a consultant.
It could have been a great little niche fun mobiles for vacation spots. But never a real player.
The Arcimoto vehicles, to me, have never been enough. Top speed and range aren't enough...should be 120 mph and 310 miles. There should be a fully enclosed version with accelerator and braking pedals, not hand operated controls.
What about a video on the claims a train shortage is hampering car deliveries to the dealers?
I only learned about this recently, but it's very real. BNSF specifically chose to cut spending on auto carriers, which has created a problem. If the manufacturers are having issues with it, they need to get on the phone and raise hell.
A hidden advantage for Tesla is that every railcar that brings Midwest cars to Texas is then empty and available to take Teslas back up north, which they seem to be doing.
@@FutureAZA Well, you did a video about how Ford apparently can't sell its vehicles to the dealers, because they are all sitting in a big lot near the factory. Seems like a correction is in order. Otherwise it suggest you are only interested in content that makes it look like the OEMs are failing.
Arcimoto leaves shipping up to the buyer. We find a shipper that brings it to our door in a covered trailer.
1:55 there's one reason ,the rise and rise of the electric scooter
I don't see the overlap being that significant, but considering the exceptionally low cost of an escooter, it wouldn't surprise me. If I had a vacation property and wanted something simple for tooling around town, a few hundred bucks makes a lot more sense than tens of thousands.
I actually view my FUV as a big scooter. Except you can sit on it and drive with one hand. Plug it in at night, and it's good to go in the morning.
It looks like they might have spent too much on Sandy Munro consulting at 2.5 mil. Maybe that set them back bringing it to market. They have doors in the works, so that's not the terrible drawback some say it is. It's supposed to be impossible to build anything in America. Tesla needed billions to make cars in America. Arcimoto and Aptera might not actually have any models available in quantity until they move production to Mexico because that's how the market works. It feel good to be patriotic and make your product in America. It's just economically impossible.
Just move to areas like SC. They have lots of auto manufacturing and the labor is cheaper. Eugene is a really expensive place to live, thus labor costs are high. Add into that, they are way away from the loop of suppliers. They could make them in the SE US, save lots of money by reducing manufacturing and shipping costs. Then the state incentives there are much better.
No need for Mexico, just pick the right part of the US. Aptera is in the same boat.
💪❤
Sandy Munro has loads to answer for.. He needs interviewing, he had shares, even a director... Had loads of opinions.. But who made the error!
I don't recall him being a director. I know Arcimoto was a client, but as I understood, that was the extent of it.
The SEC filing showed how much Arcimoto was paying Sandy Munro and it was over $2.5M in one year. I'm sure for that price Sandy will say really nice things. Remember, he isn't a journalist, he is a consultant.
If it goes back to IPO valuation, wouldn’t that be almost 100x?
Does that factor in the reverse split?
They made intensely stupid decisions, they talked down to everyone who had legitimate criticisms of the FUV, at the end they were clearly just trying to take investors money knowing full well they were going to give up and walk away.
Acrimoto has a very nice-looking vehicle. I tried to contact them to see if they plan to sell in the middle of the USA. They never responded. Now I no longer care.
That's unfortunate.
@@FutureAZA Tell me about it. I love riding motorcycles and was looking for an EV trike. This little vehicle would have been perfect for both me and my wife. I really wanted one. But again, after several emails with zero response, I am giving up.
They should have stayed with that AMAZING BIKE!!! I can’t even find a used one to buy; did they ever actually make them??? They were a head of a lot of the current e-bike companies so they would have had a massive share of what’s currently a major craze…idiots.
I never saw anything about them finally getting released. Very unfortunate.
Didn’t they paid a bunch of youtubers to scam retailers investors?!
Not that I'm aware of, and the community is small enough I'm confident I'd have heard about it.
Arcimoto, Aptera, the problem with both is that there is a huge difference between having a good product and a good business. Neither one has a path to introducing multiple models, both have low margin affordable products that people will buy once. The elevator pitch for both is "give us a large amount of money to burn for years and we may ramp production, if we survive, to the point where we make a modest profit before running out of buyers and dying."
See why they struggle to find investors?
That's nonsense. Arcimoto has many variations if its original utility vehicle and the new MUV line serves containerized last mile delivery services and is offered as a flatbed too. Aptera has never shipped but it is clearly a one trick pony banking on extremely low drag to be a big seller. Remains to be seen while Arcimoto has sold over 500, has 300 in rental and demo fleets.
Agree with you on lack of execution, but more specifically they never built any demand for their product. Even with their little production numbers, their quarterlies were showing a lot of inventory on hand. I think Mark/FUV was trying to sell the stock more then selling the actual product.
That was my concern in the first video I made. They had built less than 100 at the time, and most of them were either awaiting delivery, or in their own rental fleet. Whether it was a lack of demand or an inability to navigate state-by-state regulations to get them road certified, it was something I couldn't ignore.
China will have to come in.
Mark is a strange dude. Tried to convince me that the world was literally burning. He watched too much CNN i suspect.
The Keeling Curve says Mark isn’t wrong
@@carl-Sp another brainwashed lemming pokes his head up.
Still pretending science isn't real?...smh
Mark is a great dude! called me personally when i had an issue. every single investor webinar he held was honest. this is a good product, with a fantastic system's architecture. it is a solution waiting for a problem; ie, last mile delivery and/or ride share. i fear it is a bit ahead of its time. at least until global oil prices spike again.
@@sidneyhemphill4383still pretending to have a patent on science? Lol
Ok, it is over 5 minutes into the video, and all you have said is, "I know what I'm talking about, and I have concerns." How about some stats, facts, and, more importantly, address the video's title, which is why I clicked on it. This seems to be a growing trend on TH-cam, with content creators apparently enjoying hearing themselves talk while rambling about stuff other than what the title says. Please be clear and concise. Thank you
Friggen WHAT?
I'm with you on this Brian. I invested and believed in Arcimoto, (FUV) and was extremely interested in purchasing one of their trikes but their limited production, price, and distance (I'm in Toledo they for sale in Tampa/west coast) made that impossible for me.
As I also discovered and you stated, the new factory has workstations not an assembly line. That is, too slow, too expensive, and not scalable, so basically a deal breaker. In order for Arcimoto to take off they will need a factory, with an assembly line, with enough volume to be a meaningful player. For that Arcimoto will need investment from someone/firm with enough capital, probably several hundred million $$$, to finance a factory and to procure commitments from suppliers. I also believe they would be wise to simplify and reduce all the variations down to 1 model, maybe with several color choices to bring unit cost down. Once they become profitable perhaps adding variations (distractions) might make sense.
He is lying to you. The line can make 6 per day as a single unit. Any expansion beyond double shifts would be duplicating the existing template for 6 per day. Everything about the work station flow, tooling and parts bins is set up to combine them into one unit of production. Many Arcimoto videos have explained this and showed the line but you decided to believe some click bait trash video instead.
I agree. They only sell in 18 states. If you live in the ones that they do not sell in, you must wait for a while.
Lost a couple of grand so learned my lesson.
That's hype stocks for you.
@@FutureAZA That's stupid people funding scammers so other scammers know there is profit in their trade of scamming.
@@FutureAZA Yep, 1 question though and I know you aren't a broker or analyst but should I hold on to what I have or take the loss? Ty
@potencjalnypracownik2966 not scammers - just poor decisions and management...
Summary execution, Mark carried out when stock dropped 1000X in less than 3 years
Thanks for this update I have sub cheers
Thanks for the sub!
It was too good to be true.
I saw a channel of a guy "testing" one every time in the rain.
Other channel of a couple took it avobe the range of the battery. They had problem like they didn't know if it was two or one battery but then they discover that it had two but where not connetted with ache other. Manufacturing error.
The reviewer who tested it in the rain was doing a service to his curious viewer base and he proved you don't get wet in rain. Nothing whatsoever about that is negative, it was all positive. Same for the videos that showed how well the FUV handles on snow and ice.
@@popeyegordon
The problem is not when you are riding it, it is when you stop and the wind blows the rain from the side. I don't know, maybe where he lives the rain falls straight down.
@@LuisVazquez-hx3bk What you call a 'problem' is a very minor nuisance compared to the total exposure experienced on a billion motorcycles and scooters around the world. Every one of these riders would be so lucky as to have the wrap around windshield and roof with rain gutters of the FUV. And it is very intermittent if at all, meaning only light rain gear and no hat is needed to stay dry on some rainy days with wind. I was not sure myself until I drove in a hard rain, wipers on high speed at 50 mph with not a single drop reaching my body. The front wind pressure keeps us dry.
Surviving the next century mandates change and compromise because what we are demanding now for comfort in personal transportation has been killing our biome. Embrace change now or go back to the stone age if you survive. No other option exists.
@@LuisVazquez-hx3bk - I rented a FUV twice. Got wet big time because a pick up truck passed me and the splash from the tires soaked me. It definitely needs optional doors no matter what anyone says. Some superfans claim you do not but those people seem to not understand that you can charge for optional full doors and make additional money at it. I am assuming, they want Arcimoto to fail. I do not.
@@billsmith5960
The irony. Electric cars catch on fire by getting wet.
Never buy a used electric car if it was salvage from flooding. It takes time for the battery to catch on fire.
Aptera & Arcimotto are clearly out of the government plans for clean energy (3 wheel vehicle exclussion) I could see contracts for national parks etc. Many behind the door decisions we are not privy to. I also wish something works out for them.
Aptera has a few key advantages. Side-by-side seating is a big one, and so is the closed cabin, but the biggest factor is probably the gorgeous design.
Maybe because they stole the Elio? Just a thought.
Elio, but with a bunch of elements that made it less compelling. That's only a winning strategy if you have a substantial price advantage, which they failed to materialize.
You can't steal what never existed. Just a brain fart.
Too impractical in the body design. Outdoor exposure, poor storage, not very streamlined, I would never buy it.
Would of needed mass sales for a product not far removed from a motorcycle..Aptera has the Spector of inexpensive teslas and I doubt will make it even with munro’s backing..CyberlandR should be interesting..
There is no past tense to the state of Arcimoto. This video is click bait trash and you fell for it.
NOTHING HAPPENED TO ARCIMOTO. Period. Still in business. Still selling and renting vehicles every day. An autocycle is equally removed from both a car and a motorcycle, hence the name. Best of both worlds.
I like the concept of the fuv. But the high price of them couple be why they failed.
If they were $10,000, they would have sold in vastly higher numbers for sure. But would that have been enough?
You fell for this click bait trash video. Arcimoto never 'failed', it is still making and selling and renting vehicles every day. FACT - the 20K price is a bargain in a market where 2023 US made EVs still sell for an everage of $60,000. *NOTHING 'HAPPENED' TO ARCIMOTO.* Not only is it a low price, it is the only vehicle with 3 or more wheels I can afford to own on my fixed income. I get the motorcycle rate for insurance, saving me $900 every year. Plus all the other economies of owning an EV.
If they just did what they said they were going to do back when they did the IPO, they might have been doing better by now.
Yeah not to mention that the Can Am Spyder RT sells for a bunch over 20k and they sell bunches!!! Hopefully just got to get adopted in more states... @@popeyegordon
@@sfields6903 It is hard to understand why anyone would buy the gas powered open cockpit autocycles when they are very dangerous to drive compared to Arcimoto with the certified crash cage and 6 point harness. The only thing safer about the Spyder is the lack of danger of falling over on two wheels. The Arcimoto has safety at a level of most small cars, no air bags needed. It has already saved at least one life.
Other people have pointed out a number of flaws with the company and hey are almost all correct, but the biggest reason that Arcimoto failed is because the vehicle is UGLY. It's just not a well proportioned vehicle. The roofline is too high, there front end is a mess, the is no continuity to the design. It's horribly executed. Hideous. No one wants to be seen in this thing.
Also, this hideous beast has attracted an owner's group that can best be described as geriatric and un-stylish. In an age where brands see the value in putting their products into the hands of cool, influential people. Arcimoto's cheerleaders are a bunch of aging boomers that are too frail to use a motor scooter for their around-town trips.
The original $12k FUV was a great idea with a big market potential, but Arcimoto failed this in two ways: Engineering didn't produce a lean design, one that could be profitably manufactured for a low selling price, and; Manufacturing never even got started with a lean assembly process, in fact they seemed to have no clue what that even meant. I worked on the assembly line until 2020, and the rooted, fundamental nature of their missed opportunity was never obscure. They just chose to chase investors and wait for the market to come to them. Now they are on the brink and trying to sell boutique vehicles for double ($24k) the big market opportunity price. They average one car built for every ten hours the factory works, and you can't go very far like that.
All true. Was really hoping to see the scale get serious at Ramp It Up, but there was no line. Just stations. You can't achieve the scale needed without a line, in my view.
@@FutureAZA All FALSE!!!! Your click bait video is drawing losers with even less intelligence than you. *THERE NEVER WAS AN 'ORIGINAL' 12K VEHICLE!!!* He posted a lie and you agreed with him. The first Arcimotos sold for $45,000, then dropped to $25K, then to 18K. In 2018 there was mention of the goal to eventally offer a 12K priced vehicle with major mass production IF they got to that point. And that 12K was in 2018 dollars without a trunk. All before the pandemic/war economy hit all US manufacturers hard. Since then the $750 trunk option has become standard, included in the base price. Due to the global economy hardships Arcimoto never got around to completing the lighter simplified automated mass production model that could have met the 12K goal in 2018 dollars which would make it $15K today for the same value, trunk included.
You also made false claims about their way of scaling up and what they have achieved. Arcimoto designed a basic template for mass production consisting of work stations for 6 vehicle per day lines that could be multiplied in units and by multiple shifts as growth warranted. And that would be changed should they grow enough to have a fully automated assembly line. The factory campus is still capable of 50,000 units per year with automation.
@@FutureAZA - I agree but the real problem they are in a high priced labor market. They need to move to a place like SC or NC. Lots of action going on there with automotive manufacturing and new battery building. Eugene, OR is not a hotbed of manufacturing. Just a move in the US can fix lots of their manufacturing costs and access to their suppliers.