You are in the minority then. Just go look at repair shops when there is a cold snap. Full of cars. Why? They didn't start. So, it's the way it is. With an EV, people just need to read up and see what they need to do. Just like with ICE, they rarely ever do and thus drive it until it won't...
I was just confused by the company itself. They seemed to not have a consistent plan. Build in Canada, then contract out in China then all of a sudden, go to Phoenix. They changed lots of upper management and then all of a sudden, wanted to buy back all of the cars? How in the world do you think...
I seen that too. At least one of the shops explained it. Things like waiting 60+ days to get paid and long lead times on parts. They gave up and will stop working on FUV's at the end of the month. Add into that, FUV getting sued for non payment to contractors, it's not looking good.
On a...
All depends on the size of the market demand. For example Arcimoto has found out the market demand is smaller than what they thought. Instead of starting small and see what it turns out to be, then go from there, they tried to get instantly big. On the other hand, when you crowdfund or sell...
My uncle had one and it was a junker. It seemed like it started rusting immediately no matter if it was clear and sunny out. He had it for a few years but sold it to some guy that was buying them up, stripping them down and selling the parts (since you couldn't buy parts for them any more). He...
Honestly, most people do not care. Since the FUV (just like every other three wheeler) does not have to follow crash testing like a car does, then it's a moot point. People just accept that they just will not be like a car. This is the reason for 3 wheels. You circumvent the rules that apply to...
Looks like Arcimoto will need to pay some bills. They were slapped with two lawsuits.
$553K - Roush
$1M - DWFritz Automation
Both were due to non payment of services.
Sub penny stock traders. It's quite common. They usually buy some stock and then try to pump it on various stock forums. All hoping someone takes the bait and all of a sudden that stock jumps in price. Then maybe Elio will make some announcement (the new Flux Capacitor powered by Mr Fusion Elio)...
Makes sense. I was checking the info and he has an inventory of 11 Elios all worth just over $153K. He only had 7, the last time I checked. Thus the stock price would go up. https://renewautomotivesales.mycarsonline.com/
I just wonder if people recognize reality. There is a time to give up the ghost. It's easy for people to keep the faith as they see it's still trading for $0.0003 per share and there's still a website. Thus it must still be alive. I call them, zombie companies. They are still running out the...
He has not given up at all. He started a business to pay for the monthly rate to keep up a website that was updated two years ago. He still believes in the product. Renewing old salvage cars is much better than working at a Starbucks or laying down roofing. So, the time will come. Only thing is...
According to the AZ department of corporations, he is. Not an inside joke but a fact. We covered this a while back with links that prove it’s true. Now someone in Phoenix needs to go see him. I’m guessing nobody will. I would, but I live too far away. I assumed an owner here who lives in the...
On the other hand, we all know where he is working, thus one person living in the Phoenix area could go in and act like they are interested in a used car and then get into what his plans are for Elio Motors is.
He won't tell you what those secrets are. It's just like Paul Moller. He has patents in a vault, even though as we all know, if you have a patent, it's public knowledge. It must be some super secret patent that is only known to the people that know the secret handshake.
If Elio would just contract out with a company like Factory 5 or Superformance to make them, then people here can buy a Metro as a donor car and build their own. In the US, that's how the kit car industry works. Plenty of people buy and build them. Even Factory 5 or Superformance will mostly...
I did mean reverse. With Arcimoto, they seem to have overestimated the amount of sales. I think it'll be maybe 225 new units for this year. They seem to miss out on opportunities. For example, there was the Electrify Expo in Long Island. They were not there. Why? That whole area is full of...