Borrow $240 Mil, Or Borrow Alot Less And Start Out Slow?

[TCBronson]

None of us really know what we are talking about, it's all pure conjecture at this point and fun to discuss. I pictured the engine being built in Germany and shipped as a complete unit for installation. The other components are mostly off the shelf items that vendors are already making for other auto manufacturers. One of the possible reasons EM hasn't built additional prototypes is that they haven't finalized the final product. This may be due to specific parts sourcing and the fact that EM has not crashed tested one to see for sure that the design will have a high crash rating. Respectfully, Just my 2 cents.

 

[WilliamH]

None of us really know what we are talking about, it's all pure conjecture at this point and fun to discuss. I pictured the engine being built in Germany and shipped as a complete unit for installation. The other components are mostly off the shelf items that vendors are already making for other auto manufacturers. One of the possible reasons EM hasn't built additional prototypes is that they haven't finalized the final product. This may be due to specific parts sourcing and the fact that EM has not crashed tested one to see for sure that the design will have a high crash rating. Respectfully, Just my 2 cents.

Several things.........
In the New York Auto Show [

] Paul talked about several things.

1. Balance of trade and jobs 1:00
2. .Building 31 engines 15:30
   
3. Exporting product 16:30
4. The reason to build the engine 19:00

 

[John Painter]

Personally I wonder if EM could go into production with the current 41,000+ pre-orders if they were not planning on building out the 60 stores and marshaling centers so soon. Why couldn't new orders and outfitting just be done like they will do with all of us - on line, and remain purely on-line ordering for the first two or three years? In other words, cut out all the up front cost for all stores and marshaling centers until there are sufficient orders to build out.

 

[jetpack54]

Personally I wonder if EM could go into production with the current 41,000+ pre-orders if they were not planning on building out the 60 stores and marshaling centers so soon. Why couldn't new orders and outfitting just be done like they will do with all of us - on line, and remain purely on-line ordering for the first two or three years? In other words, cut out all the up front cost for all stores and marshaling centers until there are sufficient orders to build out.

The famous John Painter having doubts and questioning EM's motives??? Naahh, that can't be you! Lol

 

[Rickb]

Personally I wonder if EM could go into production with the current 41,000+ pre-orders if they were not planning on building out the 60 stores and marshaling centers so soon. Why couldn't new orders and outfitting just be done like they will do with all of us - on line, and remain purely on-line ordering for the first two or three years? In other words, cut out all the up front cost for all stores and marshaling centers until there are sufficient orders to build out.

Their planned 2015 production schedule certainly would have been for current numbers. I don't believe Elio stores are the issue. I hope if they land funding it's full speed ahead.

 

[jetpack54]

Personally, there's a lot on here that are too naïve to really think that

Their planned 2015 production schedule certainly would have been for current numbers. I don't believe Elio stores are the issue. I hope if they land funding it's full speed ahead.

I agree. This talk the talk is not doing anything to calm my nerves! Walk the walk will happen ONLY with the approved funding whenever that might be! IAV and the rest of the suppliers says "SHOW ME THE MONEY OR STOP WASTING OUR TIME"!

 

[WilliamH]

Personally, there's a lot on here that are too naïve to really think that

I agree. This talk the talk is not doing anything to calm my nerves! Walk the walk will happen ONLY with the approved funding whenever that might be! IAV and the rest of the suppliers says "SHOW ME THE MONEY OR STOP WASTING OUR TIME"!

And you personally sat in on what meeting where you heard that?

 

[pistonboy]

Has Paul Elio ever given a breakdown (itemization) of what exactly the $240 million is to be used for? Big investors will want this information. Small investors (who are less financially savvy like the crowd funding investors) may be less incline to demand this. (I assume this has nothing to do with his preference for crowd funding.)

Is this $240 million strictly for "production" as he says or is it for "production" and "distribution" (stores and marshaling centers).

The governmental ATVM would be for production but the government is not going to pay for distribution which in this industry is traditionally done by dealerships at their own expense. Is this why the ATVM loan is for $185 million and not $240 million? Is $185 Million the cost of going into production which the government would cover and the difference ($55 million) is the cost of stores and marshaling centers which the ATVM would not cover?

If Elio Motors was a publicly traded company and it wanted to obtain $240 million from outside sources, would it be required to provide a detailed breakdown of what that money is to cover?

 

[Rickb]

Stop Dreaming, Start Building! (one prototype)

 

[jetpack54]

And you personally sat in on what meeting where you heard that?

Sat in on what??? Do I need to spell it out for you that these companies does not work for free??? Funding is everything!!!! That's the key to keep this project alive is what I'm saying! As much as everybody wants PE to succeed with his dream, it'll remain as is, a dream unless this infusion of cash comes in and soon! Now if you can't understand that, then you need to go back to your doctor and have him increase your meds! ( as you eloquently put it).