Farmford42
Well-known member
- Thread starter
- #1
Anyone else watching this company? https://www.atlismotorvehicles.com/ I like a lot of the things they are trying to do, but its clearly a long way from production.
Sponsored
Marques Brownlee had a good video on this recently and he mentioned Atlis:
.
Exactly my issue with them too. I was pondering investing but their constant solicitations made me think twice and decided against it. Too many competitors are too far ahead...I was following the Atlis for a while, when they started spamming my email with investors wanted solicitations, I unsubscribed from their email list.
The only tangible item they had to show at the time was a full size unfinished plywood shell.
Yes, I am watching them closely, they are a long way off though, they're still getting through growth development pains with the cube cell design. The truck part of the operation continues development.Anyone else watching this company? https://www.atlismotorvehicles.com/ I like a lot of the things they are trying to do, but its clearly a long way from production.
Honestly, for many of these companies it's sort of scammy. They can trot out a concept and make up some compelling numbers. Everybody wants to get in early on the next Tesla, so they can generate mountains of cash from investors. Their top level execs can pay themselves a hefty salary. String the whole thing out for several years and eventually shut it down and move on to the next project. Or take their millions and retire.I don't understand why so many startups dive into consumer vehicles - a product that is complicated to produce and logistically challenging to maintain without an existing service network. Atlis is promising some nice IP in the form of their batteries and charging solution, but why force yourself as a company to build the entire vehicle? Is it because none of the auto manufacturers are interested in buying their components? Or are they too far away from actually delivering them? Or are they just riding the Tesla buzz wave where they can be another disruptor?
Agreed - though I think a buy out is the goal for many of them.Honestly, for many of these companies it's sort of scammy. They can trot out a concept and make up some compelling numbers. Everybody wants to get in early on the next Tesla, so they can generate mountains of cash from investors. Their top level execs can pay themselves a hefty salary. String the whole thing out for several years and eventually shut it down and move on to the next project. Or take their millions and retire.