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From looking at the numbers, it's more like a custom workshop because when admit you are making 331 units per year and there are 365, you have 34 days per year of nothing. Essentially, slightly less than 11 months. Since it's been confirmed that they only work 4 days a week, that's 208 days for the year. Since they make 6 per day, that comes down to about 55 days per year. Thus less than two months of actual production. Makes you wonder how they will be doing 50K in 20 months (as per the founder of 50K in 2025).That's 10% of the year's production.
Curious as to what they are, I guess some are test mules and demos, but how many are because of slow sales?
On June 25, 2022, we entered into a lease for a house located at 1324 West 4th Avenue, Eugene, Oregon 97402. The term of the lease is one year which began on June 25, 2022. Rent is $2,400 per month. The space is used to house remote employees when traveling to Eugene.
I found that odd. You can look up the address and see what it is. Looks like a party house to me.
TMW still loses money. I still do not understand why they paid $14M for that company.
I have and it's amazing. It's like here in our area we used to have Bethlehem Steel. When it went bankrupt and then the assets bought, the office tower they built was something of a secret for anyone not working there as an executive. The amount of artwork in the place and a whole bunch of it in storage in the basement was worth in the tens of millions of dollars. Plus the custom gold door handles. Also, they hired women to sit at the entrance which would escort the executives once they showed up. They even had heated seats for them. We have a golf course that they built because one of the CEO's liked golf. At 3pm, a siren went off and the police blocked the streets so he could get to that golf course as fast as possible.If you read Lee Iococca's autobiography, it's quite wild what Chrysler owned at the time he arrived.
The sarcasm isn’t helpful. Sad case scenario for the small investors and more importantly the early adopters having stress over Arcimoto’s mismanagement, current financial situation, and the future of service and parts issues with their FUVs if the company does file for bankruptcy.Arcimoto has a new permanent CEO. Tapped Tesla talent, so he can use that knowledge to get the company back up on top. They will be profitable by Q4 and selling a minimum of 400 this year.
https://www.bizjournals.com/portland/news/2023/04/20/arcimoto-appoints-tesla-veteran-as-ceo.html
Arcimoto has a new permanent CEO. Tapped Tesla talent, so he can use that knowledge to get the company back up on top. They will be profitable by Q4 and selling a minimum of 400 this year.
https://www.bizjournals.com/portland/news/2023/04/20/arcimoto-appoints-tesla-veteran-as-ceo.html
It would be nice if they brought someone in from the outside. Not take a BOD guy and make him CEO. It's rearranging the chairs on the Titanic.They seem reluctant to get rid of the excess weight up top.
A guy from the military and Tesla who has worked with unlimited bedgets, doesn't seem the right fit at the moment ... just saying.
Remember that movie "Dave" starring Kevin Kline who is a fake US President, and gets his side street office accountant friend to balance the American deficit? Yeah, just a movie, but it's what Arcimoto needs, someone with street smarts running it on a budget now.
2 models at the moment, the open 3 wheel motorcycle looking thing, but with more range, and SOMETHING WITH DOORS, you morons.
The motorcycle thing has real potential IMO, all it needs is long panniers on the sides for really good carrying capacity, and more range. much more, or a range extender. Consider that people are paying $50, $60K etc for Harley and Honda Goldwing trikes.