I haven't had cable in 20 years. So I watch the local news from Allentown and then the other further away news from Scranton. I do that for about an hour in the morning. They have some national news but maybe a total of two minutes of it. Then I just turn it off and go on with my day. After 2016...
There is a market but it depends on what the volume is. So, these companies that are making three wheelers realize that if they need to get the funding, they need to have a catch:
Elio: $6800 and 84 mpg
Arcimoto: Fun and right sized transportation
Aptera: 1000 mile range and 40 miles/day from...
I'd buy it if it was $15K and it also flew, had solar, quick change battery pack and tilted. All along with full service centers nationwide and a 7 year 72K warranty where they come to me to fix it. That's not asking for much.
Good to see they filed their SEC filing (third quarter 2023)
They were able to sell $1.1M in product (this counts everything)
They lost $14M
They had $262K in cash
The mortgage on the building is at 20% interest
No sales numbers (they used to report this but stopped)
TMW still loses money
Rental...
I watched a few videos of the CEO and he was doing a presentation to some EV group. His claims are a bit over the top. He makes everything sound so easy. I have my doubts on the solar charging being as good as they say. Then when you have a part that needs to be replaced, scan a QR code and all...
Those furloughed employees at FUV need to get together with the ones that Elio furloughed back at the end of 2016. Looks like a bunch of people with efficient three wheeler experience are all sitting around waiting for the call to come back. New company could be called, Arcielio.
At least you got your money back. Low risk as to others that did non refundable and even more than one of them. For a class action lawsuit, there is obviously not enough interest in it. People would have to go after the company and as we all know, it's in massive debt and pretty much has...
There's a market for a product like this. People RV and they like to smoke and they have limited space. Good you found what worked. Now all of your neighbors will be jealous.
The sales pitch is what counts. Elio raised $26M in non refundable reservations. The other $2M were from refundable. You had no risk because it was refundable. Non refundable were the risk takers. Since you got your $100 back, you are fine as it was in escrow and people started getting checks back.
Elio Project is dead. No plant, no tooling, no website, huge amount of debt and soon will be delisted. It's done. In general, would you ever trust Paul again? Maybe a few would but the rest would not. He pretty much evaporated when things were not going well. So, those die hard fans that like to...
Maybe it got lost in the mail. I get mail from someone down the street. It's some old lady. I bring it down when it happens and usually put it in her mailbox. One day a bunch of prescriptions showed up. I went down and rang her doorbell. When she opened the door and I gave them to her, I asked...
I decided to look into the Arcimoto FB group. People are really happy with the service. Even in Eugene, no service until Feb 6. Then the main guy out on the west coast for service is gone. A rental service in LV needs parts and service but no word from Arcimoto. Someone else is willing to pay...
You never know. Paul might sell off those prototypes at his dealer. So give him a call and throw down an offer. They are collectors. So offer him $10K for one of them.
Yes. Most likely because those employees moved onto another company and have no faith in the current one to rise from the ashes. As it looks, sell now before it is delisted.
I also forgot. In the SEC filings, there were a number of people that got stock based compensation yet they could not exercise on that for years down the road. At this point in time, those dates have come up and thus why they are unloading it.
Hopefully someone here can buy one of these cars and then get the website back up and running again. There are some fine automobiles there and just in time for summer fun!
https://www.autotrader.com/car-dealers/phoenix-az-85003/74562629