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2050 Motors, Inc. to Start Taking Deposits on Its Carbon Fiber Electric Autos in March
2050 Motors, Inc. to Start Taking Deposits on Its Carbon Fiber Electric Autos in March.
About this update from Fomo Worldwide, Inc.
[{"type":"text","content":"\n2050 Motors, Inc. to Start Taking Deposits on Its Carbon Fiber Electric Autos in March \n\n2050 Motors, Inc. to Start Taking Deposits on Its Carbon Fiber Electric Autos in March\n\n\n LAS VEGAS, NV--(Marketwired - March 11, 2016) - \nMichael Hu, President of 2050 Motors, Inc. (OTCQB: ETFM), announced today that 2050 Motors will be accepting deposits on their all carbon fiber body electric automobile, called the e-Go, on March 17th\n(St. Patrick's Day) starting at midnight. Michael Hu stated, \"The super-light-weight efficient e-Go with its all carbon fiber body built on a high grade extruded aluminum alloy frame is ready to take on any competitor including the Tesla Model 3 commuter car and the new electric Chevy Bolt, which are both scheduled to make their market entry in 2017. According to Wall Street, the electric commuter market is developing to be a major potential target which is being addressed by several automobile companies. \"Due to the e-Go's advanced lightweight materials and design, the e-Go is at least 1000 lbs lighter than any of its competitors. Presently, no one can match the e-Go's efficiency especially under urban driving conditions.\"In an article in USA Today by Nathan Bomey (titled \"Elon Musk: Tesla to accept orders on new Model 3 car\")(http://www.usatoday.com/story/money/cars/2016/02/11/elon-musk-tesla-motors/80222610/) the author states, \"Tesla is expected to preview the Model 3 in an event March 31, although it's not clear whether the company will reveal the entire vehicle. Anyone who pre-orders must place a $1,000 deposit, Musk said on Twitter.\" The USA Today article further states, \"The company [Tesla Motors] has said the car would become available in late 2017, although analysts from Barclays and Morgan Stanley say mid- to late 2018 would be more realistic. The car has long been viewed as the defining product for Tesla - a turning point that will prove whether the company can design, engineer, manufacture and sell a mass-market, comparably affordable electric vehicle.\"Michael Hu commented, \"2050 Motors cannot allow Tesla to corner the commuter market in the same way they cornered the high-end market four years ago. Four years ago, Tesla had no competition and very few other automobile companies were interested in investing in such a small segment of the consumer market. However, they are now ...