|Bid||3.0400 x 2200|
|Ask||3.0700 x 2900|
|Day's Range||3.0000 - 3.0500|
|52 Week Range||1.5530 - 7.3500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The most pertinent question in Arcimoto’s quarterly earnings call on Wednesday might have been this one: “When do you really expect to deliver your first vehicle?” “We are expecting to deliver our first vehicles this quarter,” answered Mark Frohnmayer, the Eugene electric-vehicle startup’s founder and chief executive. Frohnmayer said Arcimoto was “producing vehicles and … building up inventory now” in anticipation of completing brake, lighting and seatbelt and frame testing in the next few weeks. A video included in the quarterly presentation showed Frohnmayer in a white Arcimoto, which he said was “the first Evergreen Edition Fun Utility Vehicle” to emerge from the factory.
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Yes, Arcimoto is late again. “If you look at the companies that were in our cohort when we started, Fisker and Coda and Aptera and Green Vehicles and a whole list of companies, they don’t exist anymore,” the Arcimoto founder and chief executive said.
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Management also strives to drive down production costs, while simultaneously reducing construction time and increasing production efficiency as the company moves towards mass scale production for retail sales. Urban congestion is a growing problem for many U.S. cities. According to the U.S. Department of Transportation, the increase in workers and drivers has outpaced the increase in households and population dramatically over the past four decades, which has contributed to greater highway and road congestion, as well as pollution.
Arcimoto Inc. showed signs of generating revenue in the first quarter of 2019 after plowing around $11 million last year into gearing up production at its Eugene electric vehicle plant. The company (Nasdaq: FUV) released its first full-year annual report as a publicly traded company on Friday, and a first-quarter video update on Monday. Arcimoto said it quickly filled a queue of 100 reservations — each coming with a $5,000 nonrefundable deposit — for its initial retail model, the $19,900 FUV Evergreen Edition that was unveiled in early February for customers in West Coast states.
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Green vehicle manufacturer Arcimoto (FUV), which manufactures green three-wheeled mini-vehicles, is preparing for the commercial launch of its efficient and economical product, the Fun Utility Vehicle (FUV). At the same time, management strives to reduce construction time and increase production efficiency as the company moves towards mass scale production for retail sales. Reflecting the versatility of the basic FUV, the company has announced additional models, including those targeting the rental, first responder and delivery markets.
Continuing its evolution from startup company to electric vehicle manufacturer, Arcimoto Inc (NASDAQ: FUV) announced the development of the Deliverator, a last-mile delivery vehicle that will be assembled at the company's manufacturing facility in Eugene, Oregon. "With the Deliverator, we set out to create a vehicle that would solve the problem of local and last-mile delivery, which has traditionally been dominated by big, expensive, polluting delivery trucks and vans that often block traffic and increase congestion in urban environments," said Mark Frohnmayer, President and Founder of Arcimoto, in a statement.
You might remember Arcimoto as the company behind the "Fun Utility Vehicle" (FUV) -- a three-wheeled, electric vehicle that's scheduled to hit the streets in Oregon, California and Washington this summer. With the FUV underway, Arcimoto has opened presales for a similar vehicle with a new concept. Called the "Deliverator," it's a three-wheel, pure electric vehicle meant for local deliveries.
Arcimoto investors got quite a valentine on Thursday. The company’s stock, stuck well under its IPO price of $6.50 since it was listed on Nasdaq in September 2017, more than doubled on Thursday, closing the day at $7.10. The latest news from the Eugene company came a week ago, when it said it would soon begin retail sales of its three-wheeled, electric “Fun Utility Vehicle.” But that hadn't moved the stock — it remained in the $3.20 to $3.40 range through Wednesday this week.
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Arcimoto has started taking orders for its three-wheeled electric vehicle . The Fun Utility Vehicle (FUV) Evergreen Edition will set you back $19,900 before tax credits and rebates, which is a far cry from Arcimoto's target of $11,900 , though it aims to push down the price over time.
Arcimoto has begun taking retail orders, requiring a $5,000 nonrefundable down payment, as it embarks on delivering 100 units of a "flagship" three-wheeled Fun Utility Vehicle by the end of June. Arcimoto has long acknowledged it would take time to work costs out of the FUV — a challenge Tesla knows all about with the Model 3 — so the initial price isn’t a surprise. “We are committed to our long-term price target,” Mark Frohnmayer, the company's founder and president, said in an interview.
Favorite son Arcimoto could have competition in Oregon next year, when it expects to begin large-scale production of its three-wheeled electric vehicle. An entry out of Canada — by way of China — is on its way, targeting the region with support from a noted local brand builder. Vancouver, B.C.-based Electra Meccanica showed off its Solo model Tuesday evening in downtown Portland.
Green vehicle manufacturer Arcimoto (FUV) is preparing for the commercial launch of its efficient and economical product, the Fun Utility Vehicle (FUV). As the company positions itself to benefit from government mandates of lower car emissions and rising consumer interest in green automobiles, Arcimoto is ramping up its production and distribution capabilities and hopes to begin small scale retail series production by the end of 2018. The company expects to ramp-up Retail Series production in 2019.
President & CEO of Arcimoto Inc (NASDAQ:FUV) Mark Frohnmayer bought 139,903 shares of FUV on 11/19/2018 at an average price of $3 a share.
Electric vehicle maker Arcimoto will open its first rental outlet this Saturday in its hometown of Eugene, the company said Tuesday. Arcimoto recently completed a 15-car “Beta Series” as it zeroes in on regular production by the end of the year at the Eugene factory it began outfitting in October 2017. Arcimoto said preorders for the three-wheeled Fun Utility Vehicle, which require a $100 refundable deposit, were now at 3,102.
A year into its run as a public company, Electric vehicle maker Arcimoto says it’s on course to begin retail production of the three-wheeled Fun Utility Vehicle by the end of the year. “My house is really close to the factory and I believe a good night’s sleep is very important,” founder Mark Frohnmayer deadpanned on Monday while heading up 6th Avenue in Manhattan in an FUV. “The important point is that we’re not sprinting to get to a finish line here,” Frohnmayer added.