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Why This Electric Vehicle Maker's Stock Sank Today

·2-min read
Why This Electric Vehicle Maker's Stock Sank Today
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Arcimoto (NASDAQ: FUV), a manufacturer of three-wheeled electric utility vehicles, released its second-quarter 2021 financial and business update last night, and investors are taking recent gains off the table today. After a sharp rise in the share price in the past three months, however, investors seem to be thinking any delay in the company's ramp-up isn't worth waiting out.

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