(Minor grumble: I had to get out of my beautiful app to view the graph in Safari so I could view it more easily in landscape mode and zoom in.)
I agree with @Richard that the data is too short to be conclusive. And for that reason I feel the unicorn 🦄 valuation is more speculator-driven than a reflection of true value for the segment.
The real societal value of these scooters is to cut down on the environmental impact of cars in big cities. Idling during frequent traffic stops is a huge contributor to greenhouse gas emissions.
Using electric scooters as an alternative to cars for short trips of less than 5 miles is a really good thing. I would argue the federal government should be subsidizing consumer usage in urban areas, especially since most apartment dwellers don’t have the opportunity to add solar panels to their homes.
But instead of focusing on the long-term environmental value proposition, Silicon Valley appears to have chased the hipster market, trying to make it the next cool thing since the hover board a few years ago. So come fall and winter, when it’s no longer riding around in shorts, the fun factor takes a nose dive.
I would be curious to know what percentage of fourth quarter sales their current inventory represents compared to the third quarter.