Does the Arcimoto FUV EV Have a Demand Problem?
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- čas přidán 23. 07. 2024
- Arcimoto has begun deliveries of their All-Electric Fun Utility Vehicles in select states in America, and the company has BIG EXPANSION PLANS in the near future and they hope to increase production to 50K units per year. However, some people are saying that Arcimoto has a DEMAND PROBLEM. In this video I examine Arcimoto’s products and then take a look at the general market to determine if Arcimoto appears to have a demand problem.
DISCLAIMER & DISCLOSURE: All of the content found in this video is based on my own opinion and should not be regarded as financial advice. I am not a financial advisor and this is NOT in any way a recommendation or offer to buy or sell securities. While the information in this video is believed to be correct at the time of recording, no guarantees are being made about the accuracy of the information presented in the video. Please consult a licensed professional, or do your own research before making any financial decisions. As of the recording of this video, Jonathan (host) is invested in Arcimoto (FUV) stock.
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** All video and pictures are used with permission or in accordance to the copyright owner's stated policies and use allowance or applicable fair use laws. **
Image & Video Clip Sources:
1. Arcimoto Media
2. Pexels.com
3. Tesla Media
Data Sources:
seekingalpha.com/article/4406...
www.businesswire.com/news/hom...
www.businesswire.com/news/hom...
www.businesswire.com/news/hom...
seekingalpha.com/article/4412...
www.grandviewresearch.com/ind...
can-am.brp.com/on-road/us/en/...
ir.brp.com/static-files/2c4142...
ir.polaris.com/investors/event...
www.businesswire.com/news/hom... - Auta a dopravní prostředky
I personally don't see a demand problem. People who learn about FUV will certainly want one. It is incredibly fun to drive and demand will grow with time.
Are you sure?
BTW, the FUV looks to be perfect tourist transport in Bermuda, Hawaii, Catalina, Martha's Vineyard/Nantucket, etc. Reduces pollution to the isolated environment, lower impact to local flora and fauna, and less noise pollution as well.
+ Saving space and reduces fatal accidents if More and more are replacing bigger vehicles.
Most people do not even know that Arcimoto exists. I only just came across the company 2 days ago. Now I want one.
I think the Munro connection could be very important.
If they can shave 15-20% off the cost, it's a new ballgame.
ARCIMOTO needs to UP their Game , by making the FUV SAFER , with AIR BAGS, cameras , sensors and AUTOPILOT.
I’m expecting 35% price reduction once they can scale to 50k units per year. I love this company and their products. Will get one myself in a couple years. Don’t forget the acquisition of Tilting Motor Company.
@@markplott4820 Personally, I don't need ANY of that...
@@STUCASHX - so, you dont like LIVING ?
because the FUV is a Deathmacine .
@@markplott4820 Motorcyles dont have any of those...FUV is already way safer than standart bike. Not sure about airbags(im sure its more complicated that it seems at the first glance), but sensors and cameres would not make sense at this point in time. They stated, that in the future they want to have platform ready for autonomy, so surely they will have those, but right now, as a driver you dont need any sensors or cameras, it would just make the price higher for no reason.
So your argument is, 3-wheeled vehicles are big, especially in Asia, therefore Arcimoto will find demand.
Except that most of that market is at much lower price points, and the vehicles, almost all ICEVs, have much longer ranges. And Arcimoto doesn't have Asian factories, and as they are operating on a shoestring budget, they won't have any Asian factories for quite some time. Which means that their largest potential market will see shipping costs and tariffs, pushing prices even higher relative to their ICEV competition.
We have seen Tesla, and other, BEV manufacturers do fairly well against competing ICEV models, despite a higher initial cost; but down in the budget car weeds, price sensitivity is much greater. Bear it in mind.
At 70 MPH the Arcimoto's range drops to about 32 miles. At 55 MPH, you might see 66 miles. Charging is at 110 or 220 outlets, yielding 8 hours or 4 hours per recharge, respectively. The tiny battery pack does not seem to be set up for any sort of faster charging.
The Arcimoto will require a motorcycle license in the US, an inconvenience for purchasers. It will not be required to pass safety testing at the EPA; motorcycles are exempted - another consideration for buyers. But it's the range that stops my gob. A pizza delivery car typically racks up more than 100 miles in a day, I think. Charging will be slow.
In short, the commercial and public service applications will be quite limited. I could see it being useful on a university campus or in a retirement village of limited scope, but in a city? The limited range and slow charging speeds raise questions.
For the same price you could hop into a Honda Civic and have no worries about range or downtime, you'd not require a motorcycle license, and you would have much greater cargo capacity and crash-worthiness. The per-mile costs would be higher, but the car could be expected to serve any number of miles per day without a qualm.
I'm just not sure a market exists for Arcimoto. I do hate to side with Seeking Alpha on any subject whatsoever, though. So I will reserve judgment. Perhaps there will be demand. Perhaps. But I would feel uneasy committing myself to it with portfolio investments, honestly.
really liked reading your comment i like how much you have looked in to it. this is what i think. tilting motor works has been bought to reduce there rolling resistance. it should give it an extra 20% range. most major citys are charging fees for driving through them. londons now is about $20 a day its coming to all citys. europe is just further ahead. it has no doors so it park in spaces that you could not get out of in a normal car. batteries are get better every day by mass production it will should have at least 150 miles city range and at least 50 mile at 70
@@KellyandDoug That is an optimistic view. I will not say it is impossible... but at the bottom of the battery market where Arcimoto must necessarily dwell, taking what is on offer from suppliers with no say in battery chemistry, 5% improvement per year in capacity would be outstanding. The big breakthroughs, should there be any, will be proprietary (Tesla) or expensive. Arcimoto won't be able to treat themselves to Tesla's 4680 cells, or any other truly smashing improvements in battery tech, until those improvements have been generously supplied to more important OEMs and the costs have fallen.
The business case for Arcimoto will vary. I do not say that there will be no business cases where it makes sense. To the contrary, I think there will be such business cases. But I am not sanguine about there being enough to support the demand they must find for their planned production. This might be difficult for them.
@@Urgelt i agree i am optimistic. in terms of the 4680 cell it should be cheaper than what they are using now. even if teslas sell it at a big mark up. from what elon said on battery day. plus tesla could make a lot more money selling there batteries to arcimoto than anyone else. because they only need 20% of the batteries than a normal car and could sell autonomy at the same time. as tesla should be able to make over 90% on the autonomy. so that is 4 x 90% extra that is huge unless elon is an idiot arcimoto should be on the top of his list. he could end up making more money per unit on arcimoto than tesla. sell 50k?robo food delivery could sell millions alone they can keep the food warmer than on a scooter. can park almost any where and wont fall over
Food delivery doesn’t heed a big vehicle. A scooter will do. I could take 1000 pics of scooters delivering food here in Cebu city on any given day. They have bespoke food boxes on the back that are big enough for 8 pizzas or an equal volume of other food orders. And you wouldn’t want it to carry more as customers would wait too long even if the food stays warm. Scooters turn out to be the perfect form factor for food delivery. Two-wheel, narrow, traffic-dodging scooters.
For most other delivery use cases the largest expense is the driver. Go autonomous to eliminate the driver and you can save tons even paying upfront more for a four-wheeled vehicle that has higher cargo capacity and longer range. That leapfrogs the three-wheeled arcimoto and takes us into the realm of a FSD Tesla bespoke delivery van. Or equivalent designed and manufactured by some other maker. I’m afraid the arcimoto is a novelty, a vehicle some drivers will find suitable to their needs, and possibly a good fit for local emergency response teams, where both speed and traffic-agility are necessary.
But deliveries, no.
Campus patrol? Doubtful. Golf cart shaped vehicles are more cost efficient for those slow-speed, larger-carrying-capacity and sometimes light-duty off pavement needs.
Even emergency response might get hung up on the inability of a three-wheeler to carry a person laid out on a stretcher.
I agree with you completely, I don't understand the amount of media hype for a three wheel, tandem EV, that doesn't bring much to the table and is inferior to four wheel vehicles.
Well rounded and intelligent response to negative headlines.
Thank you!
Thank you CleanerWatt, totally agree on Richmacdod. I really like this company.
Remarkable to see FUD attacks healthy good companies. Thank you for debunking this one..
How did I miss this video? Just popped up via the algorithm. Outstanding job and agree with your well thought out thesis.
We are now producing 4 FUV a day & there will soon be 5,000 of these things on the road in Washington, Oregon, California & Florida. They also have thousands of emails & hand written letters they are classifying as "leads". It won't be long till you start seeing these things everywhere
I want one. I live in a nudist resort in Pasco County, Florida. I'm 62, male, retired.
I have a good amount of the stock. I'm looking forward to purchasing one when they are ready.
I'm hoping Tesla and Arcimoto team up in India. 🇮🇳
How does the song go?
"The answer my friend is blowing in the wind...."? 😉🤭
I agree about India, great opportunity for Arcimoto, possibly more than Tesla.
India could be HUGE!
@@Cleanerwatt
I can see it now, in the local welding shop, 3 seats across the back! 😁
@@rogerstarkey5390 If they made a 3 seater with 2 being in the back like the rickshaws in India they would sell more than they could make.
First up Jon, thanks again for your consistent inciteful productions. 👍
Arcimoto is a brilliant concept, brought to us by an extremely humble forward-thinking creator/genius, who's put years into its development.
Thanks to CZcams, I discovered Arcimoto years ago & was blown away by Mark's early builds.
Each & every person (passengers included) lucky enough to sample its delights in traffic had an ear to ear smiles on their faces.
Something special was happening right there & I was hooked.
That was all before he'd even announced his broader target market ambitions of last-mile deliveries, & first responders.
Throw in that it's super-efficient, green, line ball cost to register as a motorcycle while being safer, requires less maintenance (no chain or gears) it's a dream come true.
I wish them every success.
The thought of the Arcimoto Roadster raises the bar even higher & if it utilises the tilt suspension, I'd love someone to rationalise why they'd throw money at a Tesla Roadster when there's such a logical fun machine for multiple fractions of the price.
Don't get me wrong, I'm no Tesla hater, I'm in awe of Elon's brilliance, but Mark deserves more recognition & should stand on the same pedestal.
i reside in San Diego, CA and have an order in for a base model with doors, lockbox, powder coated wheels, and phone holder. $21,700. Currently 90 to 120 days for delivery. Expect this can satisfy at least 90% of my driving needs. My own FU Vehicle
global - Arcimoto plans for small factories in most markets - seems fine idea. Bringing down price will always be important, right?
They plan to bring the price down to $11,900 by the next election
Full disclosure, I'm an Arcimoto share holder. $2.15. I live in Florida and am anxious to see one next time in the Keys.
Great video, thanks
Bob
I think FUV will be a hit there
The global market for this product is extremely price sensitive and the move to EV from ICE, especially in Asia/Africa. Secondly for a the same price you can buy a VW Caddy (which they will most likely make EV), the Renault Kangoo ZE, the Fiat Doblo, the Fiat Fiorino to name a few and there are excellent deals on used models as well as a dealer network outside the USA. IMO, the article was correct, the Arcimoto has a demand problem.
Appreciate the video, could you revisit this demand thesis? Looks like current backlog at the end of Q2 was 42 units
Great video with very valid points, I’m invested in FUV and I think the only demand problem they will have is producing enough vehicles!!
Before I even watch, I have to confirm that - yes, they may very well experience a demand problem. Why? Answer: As compelling as is this vehicle, it doesn't really and truly REPLACE or supplant another vehicle. Yes, it is a awesome ADDITION to some utilitarian formats, but people aren't going to do the equivalent of ditching their DVD player for the new iPod, for example. Will it fit and be used wisely in various settings? Absolutely. Will it replace motorcycles or cars for some travelers? For some, absolutely. But it won't "convert" many others. So you're left with unique fleet service-function. And in THAT space, there is going to be a LOT of competition by any number of compelling EOMs.
Actually, I see Aptera having more of a "replacing" product over the long term compared to FUV.
But I DO think FUV is going to serve as an engineering high-bar for the industry with Sandy Munro's help. And this WILL give them a greater degree of status...and thus more sales than had they not been so disciplined as to invest their vision in that role of excellence relative to its competitors.
And mind you, A Chinese company that has partnered with GM, are now outselling Tesla in China with their ~$4500 EV. So if you need to get around, compare $4500 to $18,000. Pretty clear who the winner would be.
Also, autonomous delivery will be a huge factor, because the driver is THE major cost. So a larger delivery EV, with four wheels, more cargo capacity and more range at commensurately higher vehicle cost, but that drives itself, will be the clear winner.
@@grizzlymartin1 that’s what I say to everyone someone brings up any type of ev. So you get more for your money than a gas counterpart? No. Great idea but affordability will be the downfall.
Here in Maine, USA, the FUV would be fabulous from May 1st to Halloween. The rest of the year requires a good cabin heater. Can you see this working after there's snow on the road? doubtful... I'm a shareholder, though. I can believe warm-weather states will buy.
AGREE, they are Better off just making a OFF ROAD version and a Fully Sealed cabin.
Personally I don't believe in the product, I think most people would think of it as an electric bike with a roof, but it is way too expensive.
For a small handy second car that can be used for picking up kids and groceries it is a little too small if more than one kid and if weather isn't as friendly as in the video footage it might not be as nice to drive around in.
Fair criticisms, however the same goes for motorcycles and other 3-wheel type vehicles on the market now, and they are selling well.
Price will drop a lot when they get in to full production. CEO said so.
I agree. Will only ever be niche. Not enough capacity to serve as eg grocery deliveries in cities. Too expensive for low value meal deliveries. Impractical as part of a mass transit solution. And if you just want the great outdoors, an electric mountain bike is cheaper and more versatile.
I do hold a significant amount of Arcimoto, I truly only see them getting enough sales to support any amount of growth if they manage to bring the price below $10k for all products except for an improved roadster utilizing the technology from tilting motor works. As an engineer and someone who has great interest in economics I think that bringing a the basic FUV below $10k is quite possible.
I really hope Arcimoto is a success. These type of vehicles don't appeal to me personally and I could never see myself buying one. But their products are so unique and creative that I can't but hope Arcimoto will find an audience really appreciates what they are doing.
I see two issues with Arcimoto. #1 limited range limits where it can function - mainly urban spaces. I live in Michigan and would love to run to the beach at Lake Michigan but the limited range prevents that. #2 lack of cargo space. If two people want to go to a grocery store there is no place to carry several bags of groceries home. So basically an Arcimoto is a people mover. I believe the inability to carry things, with 2 people onboard, will hurt its market penetration. Example: husband and wife go off to work with an Arcimoto but want to shop on the way home. Will they need to drop the Arcimoto off at home and get another vehicle to go shopping so they can carry the things home?
I think they are more for people who just want a fun open-type vehicle such as a two-seater convertible or a motorcycle for the consumer. If they can get the price down 25% and use the tilting front to make it more fun, they will have a fair amount of market sales. The real potential is in the commercial market and the government market. The city of Orlando has signed a large contract for many vehicles from meter maids to quick response rescue vehicles. The fuel-saving that police, campus police, and postal workers in a warm climate area could offset purchase price over 5-6 years.
@@markjackson2193 As they say, the future will tell. It will be a fun vehicle but range of 100 miles means one can only travel 50 miles from home. I can think of many trips I would love to take that are more than 50 miles away. I guess one could trailer it to a place of interest and than travel around. Doesn’t that defeat the point of an EV? If I’m in Orlando and wish to go watch a SpaceX launch that round trip could really push the limits of an Arcimoto. I’m not against Arcimoto, I just wish it had longer range. BTW: I’ve been on the pre-order list for several years.
@@kradwonders good point, I think they will be able to get a further range in the next couple of years with battery tech, but yes we will have to see what happens. The future looks interesting for EV's.
What a very sensible ev I really like this one , and most importantly american made!
Yes, considering the varied markets the Arcimoto addresses, its future looks promising. Then there’s the potentially huge market of those looking for a street friendly, fun mode of transport.
It has a 80' vibe to IT design vise? IT looks like the BMW motor cycle side car from 87. Didn't really Bother with airtunnel tests, not just for drag but water Will get everywhere especially om the passenger, from the wheels, the jagged edges in the front and the flat windshield?
Good video btw
not enough people know about Arcimoto to say that they have a demand problem. when people start to see them driving around they will probably become very popular, I want one.
If production exceeds demand then there is a demand issue.. Making a product known to more people may help the business.
I like that seeking alpha is reusing their Tesla FUD technique on Arcimoto now....anything to depress share price while I build a position :)
What's wrong with this fun vehicle is it's price, if it was $10,000 it would be expensive but the fun factor just isn't really good enough for a serious purchase. Give me a Grinnall Scorpion any time...now that is fun!
They are hoping to bring the price down with mass production in the future.
I have yet to see these in Texas, Louisiana, Oklahoma, New Mexico they have more of a demand problem if not in Houston, Dallas, Austin
My question is, would this fit on the bed of a Cybertruck? ATV alternative.
I'm 99.999% sure the front is way to wide. These are not small vehicles actually.
Yeah as wide as a model 3
Roger - NO, its too wide , its as wide as a MODEL S.
They say they can park 3 in one parking space
@@superfly19751 - the NOBE ONE can park VERTICALLY.
OMG they are actually FINALLY delivering product? Took them almost 10 years.
Yeah agree and still waiting
What bullshit. They protyped for 14 years and sold the signature series for a full year at $25K base price. No demand issue at all. They started selling when they were ready. Period.
At $20K any publically financed vehicle (fire dept.) will opt for greater utility of a cheap ICE vehicle or the eventual cheap TSLA. Nothing new here. They remind me of the old Honda ATVs. Little mass market demand trying to solve a problem that does not exist.
Maybe they need to rename it. Who wants to drive an "FU" anything???
I do dude !
I ❤️ FUV Arcomoto
I do want to drive & own this awesome vehicle! ❤️
The FU is to the oil/gas industry.
Will future prices come down as production ramps, as per Tesla?
Yes, that is their goal.
@@Cleanerwatt - in 2022 TESLA will begin Producing a $23,000 compact car in CHINA for Export , game over for ARCIMOTO,.
I noticed you mentioned your very bullish on this company also a stock holder, but were you paid to do this review by any company??
Yup, your thesis is built on hope (you said it at the 4:37 minute marker), Jonathan! Yes, just tell us the facts (not emotion) and let us decide! How many FUVs Arcimoto sold in Q1 2021? And what was Arcimoto’s stated production capacity (based on just 1 shift & a 4-day work week)? The Q2 2021 rev consensus estimate is now set so low ($2.09M, or about 105 FUVs) as to provide the final pump & dump!
What did I tell ya, Jonathan? Q2 EPS -$0.23; Sales $717K (about 35 FUVs)! Adios, Arcimoto!
Here comes the dilution for ramping up the new manufacturing facility for no (little) demand! Arcimoto’s cash position is dwindling - $38.5M. FUV should hit $5 soon.
Does it require a motorcycle license to operate one? If so, that would be a major roadblock for many people?
In the US it's a state-by-state decision, but most do not require a motorcycle license.
@@markjackson2193 so, I think that is an important question for investment in FUV as well as decision to buy one. I guess I need to either call California DMV or search the media.
@@elee325 here ae the state by state requirements for the Polaris Slingshot, should be the same.slingshot.polaris.com/en-us/license-requirements/
Oh thank god - a video in which you’re not talking about Tesla
Haha... Tesla was not mentioned even once.
@@Cleanerwatt exactly. appreciating the coverage of other evs
This class of vehicles will surely experience a dance floor effect. The earliest adopters will be people who aren't afraid to risk looking silly. But we know these people are out there, because without them nobody would dance in public. If 3 wheelers become common-place who knows what level of demand could open up.
I suggest that they clean up the design. Now it seems a bit cluttered with colors, lights, accents, etc. It should project a single smooth shell including the windshield. It would be more aerodynamic and aesthetic.
We can order any solid color paint. I also think all the little patches look too busy, I decided on all pearl white paint for Florida. The nose will change. The location of the running lights are where the headlights were originally intended to be in the final pre-prod iteration. They failed to research all state laws about the distance between headlights on trikes.
Finally bought in today
Love Arcimoto coverage. I too am a long bull on this company.
I'd like to see it enclosed like a car because it is cold and wet where I live for much of the year.
Go to arcimoto.com upper right corner drop down menu... "design your FUV" ...you can see the door option.
It's like a reverse tuk tuk with less space
No demand problem. I waited 2 years to get mine and the main factory is not completed yet.
Are you aware that you cannot miss a hole in the road with a 3 wheeler?
There are plenty of motorcycle based and other similar vehicles on the roads that are designed for much higher speeds and distance that don't seem to have a significant problem with this.
weeeeelll I buy it right now if it's here in texas
Maybe later this year. The plan is to mostly concentrate on sun belt sales. I got mine in Florida 3 months ago after waiting 2 years. Very nice and economical.
Many food delivery companies expect people to use their own vehicle. Can a person own their own Deliverator?
Dominoes has company branded delivery vehicles...
@@Cleanerwatt Not around here, and most companies don't. All local companies don't. Pizza Hut Does not. Dominoes, Pizza hut, Papa Johns, have door magnets.
I bet the board meetings are shorter now. (The Gali effect!)
What?
Gali can say more in 5 mins then most people can in an hour!!! LOL
@@beachbum200009 yeah but he’ll keep talking the full hour regardless
Wonder why the stonk got hit so hard.
Mix a global pandemic and a large war, add global warming and stir.
USD21k???
I'd rather go for the USD25k Tesla..
Goal is 11900 for an fuv
Rental market? Key west, Martha’s Vineyard type places.
I love them. But they are soo niche I couldn't imvest. I live in a very cold and wet UK. Here, they wouldn't sell. If I was on holiday I'd be off on one in a heartbeat!
better off with a Cabin Cycle
They have a supply problem. They can't produce enough of them to get prices down nor produce enough revenue to support a large company. In hindsight they made a huge mistake by not cashing out shares when their stock price was sky high. Likely would have saved them from their current situation.
I bought one and my girlfriend wants her own.
It’s about future demand, which will increase when we can no longer buy ICE vehicles, and when it will be frowned upon to drive them. It’s not only coming, it’s already happening. Europe will be a good target market for Arcimoto.
Not gonna happen until the price of EVs comes down. Essentially this is 20k for a toy. It isn’t practical and won’t compete with a gasoline counterpart. Affordability could help people overlook some of the shortcomings. Until the average Joe can afford it internal combustion is here to stay. It’ll get there eventually but right now no way I’d buy an EV. I’m not saying I wouldn’t try one but I wouldn’t buy it for 20k.
@@Billy28376 Dumb comment. Mine is 100% practical and very affordable right now. My power bill only went up $2/mo and I will never buy gas or do an oil change again. My insurance is just $130/yr for good coverage. I can finally stop stealing resources and clean air from future generations. ICEs are obsolete. You stultified thinkers will not budge until a huge carbon tax makes it impossible for you to afford your stinking gas again. What a shame our education system failed and we have to tax the ignorant into submission.
I am an avid ev supporter, motorcycle rider and investor. But I simply don’t understand the value proposition here: archimoto is basically a bit more sleek version of electric rickshaw south East Asia is full of, millions of them, for 10 percent of the price. I trying to see what is an innovation here. I think their biggest mistake is going for 3 weeler formula that will turn mainstream adoption off. And it is too much expensive for a delivery van, maybe except California, they just don’t care about the price. As an ex owner of CanAm spider reverse trike - it steers and feels like a quad 4x4 but less stability, has no advantages a bike has, takes space on the road close to a regular car, same on parking. Yes this company has an insane valuation. Help me understand what am I missing here.
Arcimoto should build and sell its vehicle in India. Bigger market there for this type of vehicle.
True
How’s your thesis going? :) Still got your shirt? 50K vehicles production in 2 years from the date of your video is only 9 months away!
Arcimoto produced 102 vehicles and sold only 41 vehicles in Q2 2022! Meanwhile, Tesla’s Q1 2022 was its best quarter, and Q2 2022 its 2nd best!
I can't wait till the price is $15k
you sell ur shares already? hahaha
Let me see! Arcimoto or just about any Harley-Davidson. Such a tough decision.
Different products, different purposes. Harley are well overpriced anyway. FYI, I have two lol. I wish I never spent that much on them.
FUV is very cool and very appealing but...the price. If Arcimoto drops the FUV price to something affordable, they will sell bunches. Women seem to like FUVs.
But think about it: you can get an early model Nissan Leaf for $10k or less, and you'd get four wheels, four doors and four seats with the same range as the FUV. You'd also get a trunk and (maybe) Level 3 charging. Personally, I'd rather take the doors off a Nissan Leaf and drive that around for fun.
There is no up front price comparison to cars. Insurace for the FUV is just $160 a year and less than one buck to charge it. No tuneups or oil changes, 3 wheels and brakes instead of 4. Even when you include the $750 charge for a trunk.
Severely undervalued/under researched stock imo. Good vid👍🏼
Appreciate it!
The Arcimoto Cameo would be ideal for the Tour de France. The platform is better than the ICE cars and motorcycles currently used to film and support the big race. For any bicycle race for that matter! No pollution fumes into the lungs of the following peloton. And no ICE noise.
Arcimoto (FUV) hít $1.32 ($0.08 pre reverse split) in after hours this week! Is Arcimoto the only company that still has supply chain issues? How’s your thesis working out? 😂
In Europe similar products like Citroen Ami, Renault Twizzy and Carver One are selling like crazy. So they can always export.
True
All three of those are not only fully enclosed but half to a third of the cost of Arcimoto.
Just drop one in one of those retirement communities in Florida. Mar-a-Lago? If you let him drive one for free, demand will go through the roof.
Mar-a-lago.... last place on earth.
I'd sell my stock.
Aptera might slip past Arcimoto.
Once robotaxis become ubiquitous few will own large vehicles.
The average person will only buy 1 and 2 seat vehicles.
Companies like Arcimoto will blow up then.
Has Arcimoto secured battery supplies for the next 5-10 years? If they haven't, how realistic are their future production and price goals?
I hope to ask this very question to the CEO in a future interview.
@@Cleanerwatt I forgot the name of the company that supplies Arcimoto the batteries. But I heard that company is building another plant.... maybe Europe I think. ask Mark about it.
They would have a demand problem if they were into production. The product line is now being passed over due to none production/stalled production. With the platform and time of development, Acrimoto is 18 to 24 months short. I'm feeling, Acrimoto is more like Eilo Motors and with greater profits for the creator. Signed by Eilo loser/chump. I'm now wondering if Solo electric is going to pass Arcimoto.
Way over priced. Check out Wuling Mini EV.
Chinese DEATH TRAP.
Seeking Beta.....
These products will be mega hits for sure worldwide where they prefer smaller vehicles and can also drive year round. I think the international market will adapt to Arcimoto a lot sooner than here at home. We are the most wasteful when it comes to efficiency.
$24,000 for a roadster??? You have to be joking!
To be fair, people pay double for motorcycles.
Q2 2022 - rev: $1.5M; EPS: -$0.44! 37 unsold FUVs! Production for H2 2022 will be readjusted! Good idea; bad execution & no demand!
We did a whole video on how the stock price is bound to go up.- even if they make 1k vehicles/month or 12k units per year (in around 2 years - assuming capacity at 50k) it should be valued at around 1.2Billion with a P/S of 5. czcams.com/video/zfC2cMDQXsk/video.html
Arcimoto would do really well in Asia.
Disagree, way too expensive
i cant really see an angle where this can justify the market cap. will be interesting to follow though.
*Arcimoto* might not sell well to consumers in *North America,* comparable to *Harley-Davidson,* but elsewhere, like *India* and *Asia* it'll be absolutely *_huge._*
Asian market is very price sensitive..
At the current price point, not much can affort this high end toy..
I agree, Arcimoto's future is great. They are still improving their manufacturing capabilities and it will take time, may be a year or two. I strongly believe there will be huge demand for smaller vehicles like FUV in the future. Arcimoto is prime to capture it.
nope, Bankrupt in 1 - 2 years , and is running out of Steam.
@@markplott4820 This exactly people like you told me for last 8 years about Tesla. I'm not backing down for a single step. I will be celebrating with my arcimoto roadster :) .
@@lib1007 - better get more HEALTH insurance.
I really like the FUV and want one. I don’t think there is a demand problem, lots of people like me want them. The problem is the price. I went to the website and starting around $18,000 and then going over $20,000 for the color combo I wanted is just way too high. I showed it to family and they had similar response fun and cool car but were shocked at the cost. If I could get one with the features and color combo I wanted for $12,000 to $14,000 i would go for it but not for $20,000. I wish them well and hope they are a success and hope their prices come down once they start selling more. I used to have an electric bike years ago and it was under $1,000 brand new so i will probably opt for a nice small electric vehicle or bike that I can get for around $5,000. There will be a lot of competition in the small electric vehicle arena so hopefully that will bring down the prices.
It is innumerate to directly compare EV prices with ICE vehicle prices. Apples and oranges. Not only do we never buy gas again, we get the motorcycle insurance rate which is 80% lower! We have no $6000 engine or $4000 transmission to blow up.
once people start seeing these on the street they will have demand for decades free of marketing costs
The problem with Arcimoto is that it is priced wrong. This is a fun vehicle a and potential buyers already have a vehicle. So its price structure is totally a turn off. Cam Am already has a model below 10k. Arcimoto doesn’t. They need a much lower price model or will never make it.
Cleanerwatt - a consumer is BETTER OFF with a Asian TUK TUK 3 wheel scooter.
Those are utter rubbish. Two-stroke engine, pollution pigs. Inferior safety/brakes. This FUV being electric has the potential to operate from solar panel charging in the future. Hence, one can drive it for 'free'. Folks buy motorcycles as recreational vehicles, as do second sports cars. This is similar, but EV. Arcimoto just needs to bring down the price. But now, even a fancy sportbike runs $15K.
A motorcycle leans the rear wheel for camber thrust, AWS does the same without the lean, both a centripetal force. Just put a scooter fork on the rear, operated by a servo connected to the controller. The additional steering unit provides camber, caster, toe at the rear wheel. For grip. Works like Honda 4WS.
Nonsense. You don't know what any of those words mean. Camber is not additional power. GRIP is superior with the Acrimoto because it uses flat tread car tires instead of rounded MC tires. No need to be extremely careful on wet pavement.
@@popeyegordon Traction/grip is a function of contact with the road and thus more complete contact equals more traction. But only if the rear tire's tread totally touches the road surface throughout body roll during lateral forces. The tread doesn't stay flat on the road.
Why a Motorcycle turns czcams.com/video/Qf7yKTX__TM/video.html
@@WolfsburgWarehouse There is no significant leaning with the Arcimoto so it is hard to understand why you post that. It is very hard to get one wheel off the pavement in a turn. I have only seen that once on a test track for just 2 seconds. The battery, motors and transmission are at axle level. It is not a motorcycle physically or as defined by federal law. Find us a video on why an Autocycle turns.
@@popeyegordon A closer look at camber, toe, and caster and how they affect your driving. czcams.com/video/-TYKvsuwbF8/video.html
I think the FUV is a brilliant new vehicle, and kudos to Arcimoto for bringing it to production. I don't think the comparison to Can-Am, nor Slingshot are good ones, as they are ICE and have unlimited range. All the other models beyond FUV may have a niche market, but I think the company should put a lot of focus on developing FUV demand. We all want it to cost $10k, and if it scales that is possible. So how is a cool new micro-vehicle sold in these states, when you wouldn't want to go more than 40 miles from home, if you need to turn back to charge? There are 2 main areas I see to focus on, which the company has yet to do, that could lead to a lot of sales in these states.
I actually know something about introducing smaller vehicles into the US transportation mix. In 1988, with only $10k, I started a new company that led to us introducing the first Neighborhood Electric Vehicle (GEM car). We got NHTSA to make a new vehicle category, and now with new owners, my / our vehicle has been in production for 27 years. (I'd like to think I know something about this "subcar" space having designed a new small vehicle that has been in production so long). Much like a souped-up golf cart, the government limited our top speed to 25 mph. I'm envious of the higher speed Arcimoto and the more compelling offerings you are in a position to make.
Nobody owes you a vehicle that is worth much more than you are wiling to pay. And any EV is compared price-wise with other EVs, not with cars. Cars mean a never ending gas bill and higher maintenance. You might as well just stomp your feet and have a fit because they won't give you one for free. When I ordered my Arcimoto 2 years ago it was promised at $12K. I gave 18K and understand they need to get the new large factory all geared up and cranking out before they can drop the price. But what was promised at 12K in the year 2018 equals 15 K in the year 2023. I have a 3 year warranty and no gas to buy. My power bill went up just $2/mo and my insurance is just $130/yr as a senior.
@@popeyegordon I remember the first calculators were around $300. Now it seems one can be bought for only $3. How is that possible? It's by making a lot of something.
@@carburst I don't get why you would bother to post such a blatantly obvious point that virtually every adult knows . You made no point that was not already assumed in this context. But making a million F-250's didn't bring the price down below the cost of making them plus a reasonable profit. $3 calculators cost the factory $1.50 to make, not $5.
Yes. I don't want to get crushed like a souffle by a sledge hammer Cybertruck
haha...
How about a motorbike? The Cybertruck would even notice.
$18,000 starting price is too expensive imo.
Kandi and the other Chinese brands will come in and flood the low- end consumer market.
Arrival and Rivian/ Amazon + Ford will flood the EV van market. I fear Arcimoto are going for a scatter-gun approach- jack of all trades, master of none... and I'm a former shareholder!
I applaud their ambition, but they haven't shown any credible plans to scale for me, yet. Collaboration with Sandy Munro to redesign for mass production/ cost reduction will be absolutely critical.
They bought the building. Now they have to build the assembly lines. Price will drop when they go full production. They want the staring price about $12 or so.
I think arcimoto wants the niche that's smaller than a Tesla. From the FUV down to a scooter. The FUV, Deliverator, Rapid Responder and Cameo all sit on the same skateboard frame. Easy to which on assembly.
I think what they are going for is... What ever your need is... Arcimoto has the vehicle for you.
Let's sit back and see where they are in 18-24 months.
If the stock hits $200 in 4 yrs.. I'll be up $372,000. Anything close to that, I'll be happy.
Most big name car companies are still messing around with hybrids.
@@beachbum200009 Hope you're right- as I said, I'm fully onboard with their approach and mission. I'm frustrated with Tesla and co sticking 500 miles of batteries in a single commuter car (av daily drive is 30 miles!) Honestly, the biggest market Arcimoto could address is if they set up a local production facility in India. Price would drop through the floor and there would be huge, huge demand. Mahindra need to up their game on that front... Congrats on the investment btw!
I have 12200 shares of $FUV for sale at $20.25 Does anyone want them?
There are many small vehicles with 4-WD that have far better utility and use case scenario in the Fire Service than the Arcimoto. The Smoke Jumper and Rapid Responder are cute, that however doesn't make them useful for fire fighting or aid responses, a tandem, FWD, three wheel platform is simply inferior in stability and load carrying.
If a response requires 4WD that is what they will use. There are real situations where this can get there first and fast and head off a small fire before it gets big. This is an EXTREMELY stable vehicle with a very low COG. It is not meant for carrying large loads so that's a non-issue. Compare it to a motorcycle with a guy who has an extinguisher strapped to his back, not to a fire engine.
@@popeyegordon A motorcycle has the ability to navigate gridlock traffic, a three wheel vehicle has no innate advantage over a four wheeled vehicle in width, lane splitting or shoulder driving. There many small 4-WD, two firefighter emergency vehicles that offer all-weather operation and far more utility at a comparable price point.
Still bullish? FUV closed at $0.3827 at a $20M valuation yesterday. A 20 to 1 reverse split and a major dilution are imminent! 😂
$20k seems a very high price for essentially a recreational vehicle or a household 3rd vehicle. Too limited functionally to be a household's only car or even second car. Sure it's fun to drive, but so is a motorcycle, for about two months of the year in most of North American weather. I liked the prospect of an $8,000 Elio Motors ICE two-seater better, but alas they can't get to production it seems. I'm no electric ideologue or ICE-hater so I'm not afraid of a high efficient ICE vehicle at half the cost of electric vehicle. Batteries are massive resource hogs to build, afterall. If CanAm threw a roof over their Ryker and sold it for $10,000, I'd be interested.
You should have caught a clue after Elio. Instead you still think there is a unicorn out there ready to give you something for nothing. The real clue here is your dishonest hate packed claim of only two months a year of use in "most of" N America. Total bullshit lie! FACT CHECK - lithium batteries are totally recyclable forever. They actually become more efficient when made from recycled batteries. There has never been an energy spill or a beach covered with birds soaked in electricity. Innumeracy is defined by your rant that totally ignores a lifetime of buying gas and dealing with the damage vs. using clean power and getting insurace 80% cheaper. My FUV insurace from Allstate is just $130/yr and my power bill increased only $2/mo. Best of all I now have the same safety I'd have in a small car with air bags. This is my ONLY vehicle and is not for any recreation needing a high ground clearance. FUV owners who bought it as a second vehicle all say they are ending up using it 90% of the time because it is so delightful.
This looks unsafe imo. No doors. Not good. This would require helmets. The wife is not going to sit in the back with or without helmets. This is filed under the category as FSD - I don't get it and can't understand how anybody think that this is going to work. IMO I stress.
I think arcimoto is a niche play. Too many competitors. Unless they can produce their products under $10k, they going to run into Tesla Tesla 20k vehicles in the next few years.
Check prices again. ALL cars, new and used, have greatly increased in price while Arcimoto is sticking with the $18K base price and still plans to drop price with mass production.
Can-Ams are the worst of both worlds. All the downsides of a gasoline motorcycle and crap gas mileage. Slingshots are impractical and expensive. I want my FUV to get just a tad more highway range before pulling the trigger.
The two things holding them back the most are the price and that they are only offered in electric. if they lowered the price and made an ICE version they could clean up...
Idiotic comment!! The whole point of the industry is to do away with polluting cars. ICEs are going to be carbon taxed into oblivion. You will be FORCED to catch up with the world or walk, unless you are rich.
It'll never be road legal here so it's a toy.
"I've seen this Seeking Alpha article about EVs" is synonymous with "I've read Mein Kampf to learn more about Jews"
America knows about rickshaws and golf carts, and we rejected them outright for personal transportation except in retirement communities. America is a more climatically diverse place and unless there is 1) a cabin and 2) cabin heating and cooling, it's not a year-round vehicle. The Can-am and Polaris products are exotic. The Acrimoto is not. It's the mall-cop Segway of the segment, where e-skateboards and EUCs are Can-am and Polaris. Bringing the iconic image of India's chaotic, crowed streets to America is not an appreciated sentiment. You still have to pay full-fare for parking in the city, you lose the climate control. Just buy a cheap small used car like a mini or even a "SmartCar" and you're going to have a much better experience, enjoying heated seats an A/C.