- In the past 2 years, Arcimoto has sold 143 vehicles. It has issued 591 refunds. The pre-orders have gone stale. Demand is weak.
- Arcimoto plans to release products on a new platform called Platform 2 even before it has scaled Platform 1.
- Arcimoto has already delayed the start of mass production by 2 months even before closing the deal on its new facility.
- Arcimoto hired a chief international business officer even though it only sells to 4 states. It won't have international sales for a few quarters at least.
- Arcimoto has diluted shareholders a lot this year. Its lower stock price will make it tougher to raise more money to scale production.
For further details see:
More Refunds Than Sales: Disaster For Arcimoto