At the start of the month, June 1, Arcimoto’s price was $ 9.59. Now, at the end of June, its stock has climbed to $ 17.6, resulting in a whopping 83.5% gain. Investors are encouraged by Arcimoto’s impressive products, including the stock-produced Fun Utility Vehicle (FUV). A few days ago, the electric vehicle maker presented its FUV and Deliverator at an electric vehicle symposium in San Diego. The recent inclusion of Arcimoto in the Russell 2000 and Russell 3000 indexes also boosted the stock.
Arcimoto designs, manufactures, sells and leases electric three-wheeled vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) which provides an exciting and comfortable driving experience for two passengers with loading, parking and operation. Arcimoto was incorporated in 2007 and is headquartered in Eugene, Oregon.
The company’s products also include Rapid Responder designed to perform emergency, security and law enforcement services; Deliverator, a last mile electric delivery solution to get goods where they need to go; Cameo, an FUV equipped with a rear-facing rear seat and a modified roof designed for on-road filming; and Arcimoto Roadster, an unprecedented, purely electric road thrill machine.
Finance and entertainment journalist
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