- Electric vehicles manufacturer Arcimoto Inc (NASDAQ:FUV) is launching a joint municipal pilot program with the City of Encinitas to test the Fun Utility Vehicle, Deliverator, and Rapid Responder for use by Encinitas Lifeguards and Infrastructure and Sustainability Departments.
- The move aligns with Mayor Catherine Blakespear’s efforts to reduce carbon pollution and advance sustainable transportation in Encinitas.
- Throughout the 60-day pilot program, Arcimoto vehicles will be tested by staff located at City Hall and the Marine Safety Division.
- “We hope to demonstrate the practical benefits of affordable, small-footprint electric vehicles for a variety of everyday uses that will save the City time and money while furthering their sustainability goals, which are substantial,” said CEO Mark Frohnmayer.
- Price action: FUV shares are trading lower by 8.39% at $14.26 on the last check Friday.
Deutsche Bank Maintains Buy on Workday, Raises Price Target to $230
Deutsche Bank analyst Brad Zelnick maintains Workday (NASDAQ:WDAY) with a Buy and raises the price target from $225 to $230.
