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
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...