Devilstower
Elio Aficionado
- Joined
- Mar 6, 2014
- Messages
- 96
- Reaction score
- 291
From today's Elio email...
I'm assuming this is already covering in one of the mega-threads (like the 222 page and counting crowdfunding thread), but for those who don't want to wade the sea...
I'm assuming this is already covering in one of the mega-threads (like the 222 page and counting crowdfunding thread), but for those who don't want to wade the sea...
There are two key pieces of information that we’d like to point out. One, the price listed in the Preliminary Offering Circular is “less than $7,600.00.” Second, we state that we do not expect to start delivering to customers until the fourth quarter of 2016 at the earliest.
Regarding the $7,600.00 statement, I have stated on previous occasions, the vehicle cost would be close to $7,300.00 if we went to market today. Our collective goal has always been and will remain focused on engineering the Elio to the $6,800 price point. You don’t earn a Gold Medal in the Olympics by aspiring and training to win Bronze. To achieve huge accomplishments you must work diligently towards big goals. We will continue to work closely with our supplier partners to find ways to reduce costs to accomplish our $6,800 goal.
As for the production date, I have frequently communicated it is driven by our fundraising efforts. The supporters that have made reservations for both vehicles and equity shares, and supported us through the 506c offering have made a huge impact on our progress. This is not an easy task, but it is very much moving forward, so as the funding picture becomes clearer, so does our production date.
Regarding the $7,600.00 statement, I have stated on previous occasions, the vehicle cost would be close to $7,300.00 if we went to market today. Our collective goal has always been and will remain focused on engineering the Elio to the $6,800 price point. You don’t earn a Gold Medal in the Olympics by aspiring and training to win Bronze. To achieve huge accomplishments you must work diligently towards big goals. We will continue to work closely with our supplier partners to find ways to reduce costs to accomplish our $6,800 goal.
As for the production date, I have frequently communicated it is driven by our fundraising efforts. The supporters that have made reservations for both vehicles and equity shares, and supported us through the 506c offering have made a huge impact on our progress. This is not an easy task, but it is very much moving forward, so as the funding picture becomes clearer, so does our production date.