RSchneider
Elio Addict
From their latest SEC filing:You know something about Arcimoto’s sales I don’t? Demand is there. They can only build 6 units per day! Tooling the new manufacturing plant and the parts supply chain for production scale is the issue. Definitely not the best health, political, and economic environment over the past three years for a new startup company. Tough when all is optimal. Open the sales area to all 50 states out the gate? Makes little sense until production numbers and the servicing network are in place to allow it. Nothing glossy about Arcimoto in my opinion, only actual progress updates/marketing/strategy. Hoping their restructuring strategy is successful or another startup bites the dust.
Sales in Q2 2022 - 41
Production in Q2 2022 - 102
For the life of the product:
Sales - 400
Production 632
Looks like to me by those numbers, they can produce more than they can sell. Instead, they have got into the rental business thus deployed 98 and they have 79 in house. Even in Q2 2022, they had 55 units that were finished and sitting there. If "Tooling the new manufacturing plant and the parts supply chain for production scale is the issue" then the finished units would be 0. The sales would be more than the production, yet they are not. So having a larger plant to produce more product makes no sense to me. Plus if there was a supply chain problem, the numbers whould show that too, yet they do not.
I also see that they have learned to just go back to the core product and stop Mark with all of these pet projects. Concentrate on what you sold everyone on and then expand when there is a real demand. Right now, the demand (according to Arcimoto) is not there. No wonder they cut the staff by 1/3 and are doing a reverse stock split to keep from being delisted on NASDAQ.