Elon Musk said this:
Maybe he's not as smart as the three wheeled fans and needs to be convinced. He really hasn't done much and has little if any experience in transportation then it comes to the ground or even in flight. The three wheeled fans need to constantly badger him on why he needs to...
I blame lots of it on the whole crowdfunding rage that happened for a while. Elio did a great job of it along with many other companies. Elio pretty much ruined it for other companies. Over the top spec sheet for a overly cheap vehicle. When it couldn't be done, the people that were suckered...
You can. I do it all of the time.
Yes. That's why you go low and hope that the volume will take off like gangbusters and thus the price will go lower. What the realistic plan is, set a price based on the experience and know how of the group. Then use that price where you will lose money at the...
So did Arcimoto. Same scenario, different product.
TMW loses the least amount of money, thus could be considered the most profitable.
First 9 months of 2022
TMW - $1.3M (Lost)
Rental for FUV's - $1.5M (Lost)
Sales of FUV - $44M (Lost)
If you look at the first 9 months of 2021:
TMW - $359K...
Plus, why buy a $19,900 version when you can buy an $11,900 version? This would be like if Rivian told everyone that even though their pickup costs $74,800 that once production ramps up and they are making lots of them, the price would drop to $44,800. Thus, who would buy one at a 40% markup...
That's a terrible design and extremely dangerous. You need to undo the zipper just to open the door? I was thinking like a Jeep but this solution is a no go for me and I suggest nobody else do it, due to not being able to get out of it in case of an emergency. Now we are back at step one. No...
It's not. Trust me, I find where people show me the solution to a problem, yet can't show me where it came from. It seems these full doors for the FUV are available. Nobody will tell me where I can get them. I now think they are just photoshopped and do not exist at all. It's a problem with the...
I'm guessing they are probably adding in the shipping cost to that price. It's not cheap to ship it across the US if it's located in Florida. If it's in CA, then the shipping is less. For a grand total of $29K and selling it at about a 30% loss, shows that the fun factor either wears off or it...
For me, service is a major issue. It's one thing to make the product, then sell it. Another when it comes to service. We live in the land of social media. People complain constantly of dealerships and repair shops. Thus they will do the same with newer companies that are avoiding the dealership...
I never realized that Vanderhall can't get enough rich people to buy them. Another three wheeler bites the dust. Since they are a private company, they never have to announce that they closed down. Thanks for getting me this information.
Having a too low of a price will always get interest. Nimbus only costs $9800, thus people are excited. Elio was $6800 and people were excited. Arcimoto threw around $11,900 and people were excited. Solo was a good price yet they gave up on that. To get investment, you got to think big but...
What are the numbers for Elio. As I see from their numbers, it took them 52 months to get 65K reservations. That comes out to an average of 15K per year. Yet (according to the company) they were expecting to sell 250k per year. As you can see, even the Elio numbers didn't work for Arcimto as...
There were lots of bad decisions:
1. Leasing the plant in 2013 - Defaulted on first payment and got penalized.
2. Bought the equipment in the plant in 2013 for $25M but took out a loan to do so. Defaulted on the first payment and interest went to 18%.
3. If 1500 weren't employed at the plant by...
That's why you do market research. You discover the amount you need to build and then ramp up manufacturing to that point. If the demand outpaces the manufacturing, then you are in the best scenario ever. It makes it easy to ask for more money from the public. Doing the other way around, can...
The Elio EV is only $14,900K. So it's really cheap. Plus, it FUN! How do I know it's FUN? Because, just look at the Elio website and they tell me it is. IT'S FUN! IT'S ELECTRIC!
Then it goes 110mph and only needs to be charged every three days.
Vanderhall is just going after the side by side offroad market. Those other vehicles that they sell at Powersports Dealers. Here in PA, they have tons of trails up in Potter county where people off road all of the time. I know that in places like Moab, they let you drive them on the street. I...