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

[Jim H]

it is important for everyone who is interested in the future of Elio to support the approval of Em's loan application. Access to $250 million in business development loans is no easy task. What is unique about Elio Motors is it's ground swell of individual support that is virtually unmatched in its size and scope. Unfortunately the 40,000 future Elio owners don't have the $250 million to get the job done. The loan program is key. We need to mobilize 40,000 voices to seek approval of this venture capital.

You can bet that Ford, and General Motors are betting against this approval and working behind the scenes to try and prevent approval. The reality is that back door deals are the biggest threat to the success of Elio motors. If you have a voice ... use it.

Doug Fox, welcome to the forum and the Elio family. We are generally a helpful friendly bunch with diverse expertise and experiences. Glad to have you join us. Enjoy the experience

 

[John Painter]

it is important for everyone who is interested in the future of Elio to support the approval of Em's loan application. Access to $250 million in business development loans is no easy task. What is unique about Elio Motors is it's ground swell of individual support that is virtually unmatched in its size and scope. Unfortunately the 40,000 future Elio owners don't have the $250 million to get the job done. The loan program is key. We need to mobilize 40,000 voices to seek approval of this venture capital.

You can bet that Ford, and General Motors are betting against this approval and working behind the scenes to try and prevent approval. The reality is that back door deals are the biggest threat to the success of Elio motors. If you have a voice ... use it.

Welcome to the Elio family!
Actually we 41,000+ reservation holders have about $280 million (but who's counting) and there's all kinds of threads, discussions and debates here to fill every pore in your body with all things Elio

 

[Ty]

it is important for everyone who is interested in the future of Elio to support the approval of Em's loan application. Access to $250 million in business development loans is no easy task. What is unique about Elio Motors is it's ground swell of individual support that is virtually unmatched in its size and scope. Unfortunately the 40,000 future Elio owners don't have the $250 million to get the job done. The loan program is key. We need to mobilize 40,000 voices to seek approval of this venture capital.

You can bet that Ford, and General Motors are betting against this approval and working behind the scenes to try and prevent approval. The reality is that back door deals are the biggest threat to the success of Elio motors. If you have a voice ... use it.

Actually, after thinking about it, I don't see the big guys as being against this. Sure, Elio may scavenge a few scales but I think they would be willing to let Elio spend their money, resources, and time showing whether or not there is a market for these things. If Elio fails, the big guys know that they can limit research in that area. If Elio shows signs of success, you Dan bet the big guys can use their huge economies of scale to copy Elio and get in the market fairly quick. Maybe.. But, my point is that the big guys may not be too quick to nip this in the bud. I mean, the Mini and the Fiat 500 came to market without much reaction.

 

[Ty]

Thank you very much for your inputs. They are truly informative and some of the best.

Thanks. I try to contribute to our overall collection of knowledge. I get so much from the others here, I like to share my experiences (and some opinions, too of course).

 

[RUCRAYZE]

it is important for everyone who is interested in the future of Elio to support the approval of Em's loan application. Access to $250 million in business development loans is no easy task. What is unique about Elio Motors is it's ground swell of individual support that is virtually unmatched in its size and scope. Unfortunately the 40,000 future Elio owners don't have the $250 million to get the job done. The loan program is key. We need to mobilize 40,000 voices to seek approval of this venture capital.

You can bet that Ford, and General Motors are betting against this approval and working behind the scenes to try and prevent approval. The reality is that back door deals are the biggest threat to the success of Elio motors. If you have a voice ... use it.

Welcome!

 

[elio_curious]

I don't know what's wrong with starting small - didn't Ford Motor Company (and all the other big auto companies) start small?

Apple started small, with big ideas, same with Microsoft and Facebook

 

[Jeff Porter]

I don't know what's wrong with starting small - didn't Ford Motor Company (and all the other big auto companies) start small?

Apple started small, with big ideas, same with Microsoft and Facebook

Nothing wrong with starting small, if you want to sell vehicles for $45,000 each while you are going small. And that may not be enough.

One of the main goals for Elio Motors is the $6800 price. They at last statement are at around $7300, and they are trying to get it lower. So we can say it's wrong to go for such a low selling price, but that's one of the 4 main goals of EM. And you just can't start small and sell 'em for $6800.

I've never started a car company, or built a car by hand, so it's hard for me to understand how expensive it would be to build say 50 vehicles. Plus the engine isn't fully tested yet.

You can google on startup vehicle companies, and get a feel for how much they are charging for ones that are not mass-produced.

 

[RUCRAYZE]

Tucker started small, and all he eventually got was a movie.

 

[Folks]

I don't know what's wrong with starting small - didn't Ford Motor Company (and all the other big auto companies) start small?

Apple started small, with big ideas, same with Microsoft and Facebook

The environs are entirely different here. The "economy of numbers" is the major factor for success in the Automobile industry and thus you see the Genius of Paul Elio to see this from the beginning.

 

[WilliamH]

I don't know what's wrong with starting small - didn't Ford Motor Company (and all the other big auto companies) start small?

Apple started small, with big ideas, same with Microsoft and Facebook

Ford started small until he invented the assembly line. Then he was able to hire a lot of people at a living wage and produce cars that people (not just rich people) could afford to buy.