#6 - Arcimoto (NASDAQ:FUV)
If you think SOLO stock might be a fun bet, than I’ve got another one for you. Arcimoto (NASDAQ:FUV) is another manufacturer of three-wheeled electric vehicles. The difference between the two vehicles is that Arcimoto’s Fun Utility Vehicle (FUV) is a two-seater.
It’s not going to be the vehicle you use to bring home a large load of groceries (but hey, you’ll just get those delivered), but it can be driven on the highway and the fact that you could have a companion may add to its appeal.
Plus, the company has two additional models. One called the Rapid Responder model is for security, emergency, and law enforcement services. A second model, the Deliverator, is for last-mile service.
The stock is moving higher on news that the company announced its agreement to purchase a 185,000 square foot factory which will help it meet its goal to expand production capacity to 50,000 vehicles per year within the next two years.
About Arcimoto
Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.
Read More - Current Price
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- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
