website https://www.arcimoto.com/
So sadly we were four days late to the party this week as Arcimoto rocketshipped to the moon from around $6 $7 dollars US to over $17 in less than a week.
At this current point, it's still really a spec stock but it won't be within 24 months if they hit several milestones.
So on the pro side, I would recommend these videos to get a taste of their battle plan for the next 24 months.
a short video covering the situation for 2020
longer format earning call video
So to summarize, the stock price rise has given them lots of capital to move forward, they've cleared their debt after the stock rise to $7, and added additional capital raises during this uptick as well.
The next variations of the Rapid Responder and the Deliverator are beginning testing in real-world conditions. The Orlando EMT fire departments are saying if the testing of the RR works they will begin adaptation to their vehicle line up. Meanwhile, the Deliverator is having trials for food delivery in several test areas. Again once these tests are completed fleet sales and individual sales can start, and in my estimate should be great numbers going forward.
There's also a third variant coming soon seen above is the prototype of the Roadster, an open cockpit version with no extra body cage or large seats.
Additionally, as the car truck EV space crowds up investors and buyers are looking for options and the emerging three-wheeled and less than car general termed "mobility" area is a prime candidate.
[I'll cover both the three-wheel and mobility area in an upcoming blog, stay tuned]
Also this year they have made a partnership with Sandy Munro with the plan to get to volume [50,000 units a year] and a lower price point within 24 months. If after these fixes sales keep pace this will no longer be a speculative stock and the price should hit $30 US within six months of that point.
Sandy will correct parts and assembly line issues as well, like the infamous missing doors, and improve on their already functioning assembly line. He's also attempting to get a supply of 4680 batteries from tesla, which over time maybe become a parts maker.
Lastly the CEO Mark Frohnmayer, this is his second company, having co-created and worked for a very successful computer game engine company and used his personal fortune from that to start Arcimoto.
If you watch his personal videos and see the house he lives in it's very modest for a multi-millionaire, so all his money and attention is in FUV which I truly love. He's not brash or outrageous but really dedicated to making this company and product better.
So in summary a well-crafted design that's about to be reworked with thousands of cost and design fixes, made in large numbers, lowering production costs and final price from the current $17,000 a unit to $12,000. I'm not sure if that's just for the FUV but it should affect all unit price points.
I'm planning to buy shares on any serious price drop [$10 or less] and ride it for short-term spec rises but after 24 months if they have hit benchmarks I'm switching to long for this company.
So have cash ready for buying below 10 us and be prepared for a few year's wait but you will most likely be able to cash out before on another rise if you so choose...
Comments
Post a Comment