MemberSeptember 10, 2021 at 9:06 pm
Yep, it is Arcimoto
Battery issue is pretty serious. (Not at the scale of GM’s issue with the Bolt)
If you go to the NHTSA site you will see that they had a total of seven recalls, 5 for electrical system, 1 for Hybrid Propulsion System, 1 for brakes, 1 for steering, 1 for seat belts. This is the text from the Hybrid Propulsion System “Inverter communication may time out – a Battery shutdown causes an immediate loss of power increasing the risk of a crash” That was the last of the seven recalls which was recorded on May 4th. The other recalls occurred on March 6, March 18, April 6, and May 3.
Hard to say what caused all of it. My guess, perfect storm of rush to judgement to get something out to generate revenue using a brand new production process and perhaps compromised QC. Could be less than sterling design and engineering as well. Only Arcimoto will know.
As for the stock price anomaly, the article at this URL may explain. It is an opinion of the author. Take with a grain of salt as the author is not a fan of the company.
At my age (Late 70’s) I don’t do speculative stock things. All of my portfolio is in stocks that generate consistent and reasonably good dividends. I will leave comment on the stock price to someone on the forum that does.
Here is the NHTSA URL if you want to look for yourself