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Why Arcimoto Stock Is Down 9% Today

TheMotleyFool

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Shares of Arcimoto (NASDAQ: FUV) dropped as much as 18% this morning before recovering some of those losses. The stock remained down 9% as of 11:30 a.m. EST.

The maker of specific-use electric vehicles (EVs) reported its third-quarter earnings after the close yesterday and provided a business update.

Arcimoto announced in its earnings release that production and delivery of its pure EVs has resumed following disruptions from the coronavirus pandemic, and that revenue year to date through Sept. 30 has surpassed every prior full year.

Source Fool.com

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