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Stock impact report

EV boat maker Arc debuts a premium wake sport model for $258,000 [CNBC]

MarineMax, Inc. (FL) (HZO) 
Last marinemax, inc. (fl) earnings: 4/23 06:45 am Check Earnings Report
Company Research Source: CNBC
The new $258,000 Arc Sport was designed for wake sports enthusiasts and follows the company's earlier Arc One, a limited-edition luxury cruiser. While the startup produced fewer than two dozen of those earlier boats, it is gearing up for continuous production of the new model, which it unveiled on Tuesday. The 23-foot Arc Sport can carry up to 15 people at a time. It boasts a large battery with enough power to last for 4 to 6 hours and has a top speed of 40 miles per hour. At its price, it will compete with high-end models sold by traditional boat makers like Nautique, MasterCraft and Malibu. Arc is one of a handful of promising startups aiming to electrify boating for sports and leisure including GM-backed Pure Watercraft, and Stockholm-based X Shore. Traditional fuel-burning boats contribute to significant environmental problems including noise pollution, smog, and water pollution that is visible floating on the water around them. Arc co-founder and CEO Mitch Lee said he s Show less Read more
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