OverviewSuggest Edit

2050 Motors is a development stage public company formed to import, market, and sell electric cars manufactured in China.

TypePublic
Founded1990
HQNorth Las Vegas, US
Website2050motors.com

Latest Updates

Employees (est.) (Sep 2017)287

Key People/Management at 2050 Motors

William L. Fowler

William L. Fowler

President
Michael Hu

Michael Hu

Chairman of the Board
Bernard Schaefers

Bernard Schaefers

Senior Vice-President of Marketing (Board Member)
Mark Edwards

Mark Edwards

Chairman of Scientific & Marketing Advisory Board (Board Member)
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2050 Motors Office Locations

2050 Motors has an office in North Las Vegas
North Las Vegas, US (HQ)
3420 Bunkerhill Dr
Show all (1)

2050 Motors Financials and Metrics

2050 Motors Revenue

USD

Net income (Q2, 2018)

424.6k

EBIT (Q2, 2018)

(59.3k)

Market capitalization (8-Oct-2018)

114.8k

Cash (30-Jun-2018)

9.0
2050 Motors's current market capitalization is $114.8 k.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Operating expense total

22.7k731.5k775.7k299.0k

EBIT

(546.1k)(731.5k)(775.7k)(299.0k)

Interest expense

11.4k231.0k908.5k

Pre tax profit

(25.5k)(728.9k)(1.0m)(1.2m)
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

General and administrative expense

48.7k110.3k59.3k

Operating expense total

3.0k10.8k164.6k158.2k159.0k157.4k136.0k71.8k50.2k110.3k59.3k

EBIT

(158.2k)(159.0k)(157.4k)(136.0k)(121.0k)(71.8k)(50.2k)(110.3k)(59.3k)

Interest expense

708.02.4k4.4k6.9k126.8k246.0k251.0k416.5k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

756.7k82.0k499.0

Current Assets

774.9k107.0k499.0

PP&E

60.3k105.4k31.7k

Total Assets

975.8k294.2k127.5k
Quarterly
USDQ3, 2013Q1, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

682.0k479.4k308.8k14.4k1.9k17.9k1.3k22.1k9.0

Current Assets

513.3k341.7k54.4k181.6k37.9k21.3k

PP&E

51.5k54.7k51.4k95.5k85.6k55.5k38.8k24.9k18.2k

Total Assets

874.2k708.6k536.5k231.6k383.7k216.9k136.7k83.0k44.8k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(26.3k)(546.1k)(728.9k)(1.0m)(1.3m)

Depreciation and Amortization

8.0k21.6k39.3k33.3k

Accounts Payable

1.1k2.4k35.1k4.2k

Cash From Operating Activities

(24.3k)(491.3k)(603.7k)(258.9k)(233.6k)
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(20.9k)(158.2k)(162.0k)(140.4k)(126.8k)(48.6k)

Depreciation and Amortization

9.5k

Accounts Payable

1.5k12.3k1.5k13.0k5.2k47.3k69.3k(15.5k)

Cash From Operating Activities

(18.7k)(47.6k)
Show all financial metrics

2050 Motors News and Updates

2050 Motors Announces Material Developments and Shareholder Update

Chicago, IL, May 03, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) is providing this shareholder update regarding recent developments and planned corporate actions and activity:

2050 Motors Appoints UC VOIP POE Industry Pioneer to Newly Formed Advisory Board

CHICAGO, March 13, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) is pleased to announce Ted Flomenhaft, CEO and Owner of EDGE FiberNet (https://edgefibernet.com/), as the second member of its recently-formed Advisory Board. Mr. Flomenhaft is an experienced communications and finance ex…

2050 Motors Appoints Electric Vehicle Industry Pioneer to Newly-Formed Advisory Board

LAS VEGAS, March 11, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) today announced that its Board of Directors has approved the creation of an Advisory Board of up to five (5) technology, finance and business professionals to guide it into the next chapter of growth in the electric veh…

2050 Motors Provides Shareholder Update

LAS VEGAS, March 08, 2019 (GLOBE NEWSWIRE) -- 2050 Motors, Inc. (US OTC: ETFM) through the office of CEO Vik Grover released today a shareholder update to provide information to investors on recent developments and planned corporate actions and activity:

2050 Motors Reschedules Stockholders Meeting

NORTHRIDGE, Calif., Nov. 16, 2018 (GLOBE NEWSWIRE) -- William L. Fowler, 2050 Motors’ President (US OTC: ETFM), announced today that the Stockholders Meeting that was scheduled for Tuesday, November 27 will be rescheduled for a date early next year.

2050 Motors Announces Stockholders Meeting And 2019 Company Outlook

NORTHRIDGE, Calif., Oct. 22, 2018 (GLOBE NEWSWIRE) -- William L. Fowler, 2050 Motors, Inc.’s New President (US OTC: ETFM), announced today that the Company will hold its Stockholders Meeting on Tuesday November 27, 2018. The meeting will be held at the Holiday Inn Express Van Nuys, 8244 Orion Aven…

2050 Motors Frequently Asked Questions

  • When was 2050 Motors founded?

    2050 Motors was founded in 1990.

  • Who are 2050 Motors key executives?

    2050 Motors's key executives are William L. Fowler, Michael Hu and Bernard Schaefers.

  • How many employees does 2050 Motors have?

    2050 Motors has 287 employees.

  • Who are 2050 Motors competitors?

    Competitors of 2050 Motors include XL, Cowboy and Energica Motor Company.

  • Where is 2050 Motors headquarters?

    2050 Motors headquarters is located at 3420 Bunkerhill Dr, North Las Vegas.

  • Where are 2050 Motors offices?

    2050 Motors has an office in North Las Vegas.

  • How many offices does 2050 Motors have?

    2050 Motors has 1 office.