RSchneider
Elio Addict
How many Delivernators have they delivered so far?
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Arcimoto
- Thread starter ChuckP
- Start date
Why focus on numbers? Production scale plans are in the works with partnering Munro & Associates. Arcimoto’s production was at 4 units per day prior to the COVID shutdown. Over the last couple months a skeleton AMP crew was able to complete the design, engineering, and build of a handful of production ready Deliverator’s. They partnered with HyreCar allowing for potential customers to rent, drive, earn in a limited market area while testing the vehicle and getting customer feedback. The fast growing delivery market is screaming for this type of urban delivery vehicle.
As an investor, I’m impressed Arcimoto has a manufacturing facility, 2 FMVSS certified models in production, delivering vehicles, taking good care of their first 100+ customers, planning production scale, recently paid off their debt, and $FUV’s major stock market gains. Also, that Arcimoto’s CEO and staff communicates directly with customers. Major growth potential for this well managed new startup vehicle manufacturer. I wish we were having this discussion about Elio Motors.
As an investor, I’m impressed Arcimoto has a manufacturing facility, 2 FMVSS certified models in production, delivering vehicles, taking good care of their first 100+ customers, planning production scale, recently paid off their debt, and $FUV’s major stock market gains. Also, that Arcimoto’s CEO and staff communicates directly with customers. Major growth potential for this well managed new startup vehicle manufacturer. I wish we were having this discussion about Elio Motors.
RSchneider
Elio Addict
I'm an engineer and like numbers. I want to make sure FUV is not making more press releases than FUV's. I hear about how great it is and thus they must be running at full capacity. What is full capacity? With you being the inside guy with this company, you know. So spill the beans. If they are cranking out 2 per day, that's not impressive at all. If they are doing 200 per day, then they can fulfill all of the reservations. As we know, you are required to fill the reservations first as opposed to selling to renting to others. I'd be upset if some dude came in and got in front of me. We all have read the SEC filings, FUV needs to be cranking these out like crazy to even start looking good to future investors or making it look like a business plan that is on hold for X amount of time.
RS, why focus on the early roll out production numbers? Engineers should focus on engineering and the CEO, CFO, & BOD should focus on numbers. Investors are focused on progress and the fact that Arcimoto is essentially debt free. 
Production numbers will scale according to plan, likely with twists and turns out side of Arcimoto’s direct control.......like the COVID shutdown and issues with partnering parts suppliers also scaling production to meet their needs.
I’m an outside guy looking in and IMPRESSED by what I see. Apparently investors are impressed too, based on the fact that Arcimoto raked in another $8 Million in funding. $FUV bumped to $7 today and is above the original IPO. Arcimoto has a business plan and is executing the plan surprisingly well given the current economic pandemic. Arcimoto’s press releases document real progress milestones that keeps reservationists and investors well informed. I give them credit due.
Production numbers will scale according to plan, likely with twists and turns out side of Arcimoto’s direct control.......like the COVID shutdown and issues with partnering parts suppliers also scaling production to meet their needs. I’m an outside guy looking in and IMPRESSED by what I see. Apparently investors are impressed too, based on the fact that Arcimoto raked in another $8 Million in funding. $FUV bumped to $7 today and is above the original IPO. Arcimoto has a business plan and is executing the plan surprisingly well given the current economic pandemic. Arcimoto’s press releases document real progress milestones that keeps reservationists and investors well informed. I give them credit due.
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Samuel Gompers
Elio Addict
Because the numbers reflect the reality of the situation.
It's good to have people like you to tell everybody else what they should do. LOL Just what is your area of expertise, again?
Engineers use numbers all the time. Pretending that they should focus on engineering without numbers reveals a total disconnect with understanding engineering. Accounting uses numbers, but it is not the only intelligent discipline to do so.
Understanding numbers is central to understanding most subjects.
Rick, why don't you try removing all numbers from your posts, and see if they make any sense? Well, perhaps in the case of your Arcimoto posts, it wouldn't make much difference. LOL
Trust the experts. Ignore the experts.
When the engineers and accountants point out the fallacy of your beliefs, you tell them to go hide in their corners.
The engineers and accountants and accountants warned about the numbers with Elio, and they were shouted down. Didn't make any difference to the end result, as the numbers had predicted the outcome early on. Perhaps a few people listened and kept themselves from getting burned.
With Arcimoto, the numbers also tell a story to those who understand them.
RSchneider
Elio Addict
I still like numbers. For example, in 2019, there were 57 FUV's made, 46 were sold to customers. For Q1, 2020 they delivered another 27 FUV's. They have 4285 reservations as of March 31, 2020 which is an increase of 88 over the end of 2019. Production in Q1 of 2020 went from 1 FUV per day to 2. Arcimoto sold just over $598K in FUVS but it cost them $1.6M to do so. They sold $18K in something else. So in the end, lost just at $1M building product. They shut down production on March 19, 2020 and furloughed 2/3 of their workforce. Some previous directors are suing Arciomoto while Arcimoto is suing Ayro for patent infringement. Arcimoto employs 110 people. Then there's lots of stock transfers. Deliverator will be in a trial run with a national grocer sometime in 2020.
As you can see, Arcimoto is not out of the woods yet. The 2 per day production rate was a bit of a shocker. I thought it would be at least 10. This spells bad news for the reservation holders as they will be waiting a long time to get theirs. With 5 day workweeks (which is what it seems like from the production) they crank out 10 per week. Then with them building trial units for others to rent, I wonder when they will fill all of the reservations?
Anyway, I thought I'd post some real numbers from Arcimoto as opposed to press releases. This way we can look at them and see what they are really doing. Next quarterly report should be in August.
As you can see, Arcimoto is not out of the woods yet. The 2 per day production rate was a bit of a shocker. I thought it would be at least 10. This spells bad news for the reservation holders as they will be waiting a long time to get theirs. With 5 day workweeks (which is what it seems like from the production) they crank out 10 per week. Then with them building trial units for others to rent, I wonder when they will fill all of the reservations?
Anyway, I thought I'd post some real numbers from Arcimoto as opposed to press releases. This way we can look at them and see what they are really doing. Next quarterly report should be in August.
Maurtis
Elio Addict
Wow, I did not know Arcimoto was suing Ayro, but it makes sense. When I saw the Ayro my first thought was they straight up copied the FUV and rushed it to market.
https://litigationtools.maxval-ip.com/UnifiedPatentViewDocument/home/index?caseid=395596
https://litigationtools.maxval-ip.com/UnifiedPatentViewDocument/home/index?caseid=395596
RSchneider
Elio Addict
SEC filings are there for a reason buy many never read them. Anyway, having been involved with a couple dozen patent infringement lawsuits, this is how it goes. There's a patent out there. Someone makes something similar. Owner of the patent files a lawsuit. Then it gets extended for months. Thus it costs both sides legal time. In the end, they both sit down at the table and figure out a licensing agreement. If not, it can get wrapped up in legal fees and the courts for many years. Licensing agreement works out to be the best option because the owner typically does not have the time or money to fight something like this. It's better to get a check in the mail each month as opposed to sending a check out each month for legal services. This is why you rarely ever hear of the outcome. Ayro knew exactly what they are doing and thus are pushing the issue. If Arcimoto was doing great in the market, they can afford to fight Ayro. Since the numbers show they are not it'll be a point where you just control the bleeding for both sides.
If you want to be in the most boring thing in your life, patent infringement cases have to be in the top 5. They exist in offices of law firms with very few actually making it to court. Only good thing is they usually have good coffee and snacks.
Recent Frohnmayer interview on Ameritrade: https://tdameritradenetwork.com/vid...OF7-TYqyWi3mteXYbmlUB8xQtZb3DkUEoRrc0LfMJe1X8
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Who said Arcimoto was out of the woods? Arcimoto remains in the woods after their initial retail production rollout in the limited regional sales area until they production scale, prove market acceptance of their FUV, Deliverator, and Rapid Responder model lineup, following years to profitability. The only bad news was the COVID caused employee furlough and AMP shutdown mid March. Even with that Arcimoto made some notable progress with limited staffing. The good news is they have essentially no debt as a startup.
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