So an hour of chit chat, a lot of back patting, and all I heard that MIGHT be news was the P5 is coming 'soon' and SEC approval could happen in 4-6 weeks. Neither of those were actual facts, definitive milestones, just generalities. I really was hoping we could skip the back story and jump right to hard questions, but that certainly didn't happen. I knew we were hosed when the first question was "Tell us why you invented the Elio", I seriously doubt there were many viewing that livestream that haven't heard that multiple times already. Maybe I'm wrong, maybe repeating that is important. I wanted to know how this 25-30 million was the key, what it was going to enable to make the rest happen (ATVM approval? Big Angel Investor?) There were references to it re-energizing EM and their suppliers, and that's important, but we're throwing $30 million down a black hole if the other $150 million doesn't appear from somewhere.
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Fire Side Chat With Paul - 9 Sept
- Thread starter airforceguy6
- Start date
bowers baldwin
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Yea, our IT dept. is really casual here, Jeans/T-shirts etc. It doesn't really matter what you wear, all communications come via phone or email, plus I do a lot of hardware support, so I am cleaning printers, or crawling under desks, or dealing with dozens of broken glass iPads, so no need for a 3 piece suit here.
bowers baldwin
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Yea, the guys with the 6 figure salaries are in the tier 2 positions, they actually dress nice (lots of big-head meetings there), we peons get capped until we move out of this dept..but that being said we get paid pretty well considering how little we do here....
WilliamH
Elio Addict
............"Will you have electric motors, or other power plants?"...........
Every time I hear this question I have to wonder what this electric obsession is?
Why does everyone want to reduce the range from over 600 miles down to 200 miles or less?
And raise the price from about $7K to $20K to $30K?
I deal with network switches and cabling plus wireless. I also handle printers and VPN troubleshooting first tier. But I also am in patient areas and sterile environments requiring bunny suits.
Thankfully I don't play with IPads tablets or that kind of stuff other than setting wireless for our customers and guests.
bowers baldwin
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Oh the glamorous life of a tier 1 hardware analyst, RF guns, POD units, iPads, voice pick devices and printers. Tomorrow I get to spend a whole day at our biggest warehouse, dodging killer forklifts and hostile inventory pickers.. good times..
Everyone doesn't want to reduce range, but many like the EV option for City driving or 200 miles per charge commuting. Can always quick charge at work.
The price would more likely be closer to $15K or under as the Elio is half a $35K Tesla Model 3. I don't think those that prefer an EV's performance would force you to buy or drive one. Although I've heard many say that once you drive electric you will never go back. If you drive one you may better understand.
slinches
Elio Addict
My thought on an electric powerplant is that if you're willing to spend $15k on an e-Lio, why not buy twice the car for $35k? Neither one is a particularly good value proposition in terms of overall operating costs, so style and status are overriding motivators anyway.
So I reviewed the video and kept in mind some of your first impressions about it.
As for Paul's self presentation, his clothing and the infamous cup. You know, it depends on the venue. He's dressed very consistently for a venue that happens basically in a cafeteria, and he's not out of line compared to others there. And frankly, he shows no hint of uppity -I-know-more-than-you arrogance. He just comes off as knowing what he's doing, and very in touch with what the common people need and want. HE just appears to be -one-of-us, but with the smarts and savvy 'to do this'. The only thing I didn't like, is I wasn't sure at times what he was laughing at.
We are all very used to Paul's past rhetoric, and would rather to hear hard facts we are OCD'ing on right now. But most of the public like a comfortable 'I knew it' story line. It's a 'feel-good' proposition for them. Kind of like George Bush. For while there, maybe too long, people felt like he could talk plainly to them. His speaking pitfalls were a benefit from that point of view.
Now if Paul interviews in a more prestigious venue, like talking to the president (of anything), he certainly should up his game.
Now on the P5, Paul noted it twice. And hit hard on the idea that physical accomplishment was key right now. I think EM should listen to themselves and tell us more about what was accomplished and successful in their engine results. So he seems hard driven for the next P5 milestone. But exactly what does 'soon' mean? 20 weeks would have been the end of October, so I would think that's not 'soon'. Hopefully, more like the end of September to Mid October is what soon actually means in this case.
So LillyMay! You are quickly becoming famous, you know that?! I think you are lifting the awareness EM has for this forum. I suspect if anyone in the EM field of play gets a Email with your signature on it, they will sit up and listen. So keep in mind, you have some leverage! Enjoy!
The other takeaway, the results of the A+ adventure has, and is continuing to raise the stature of EM in the business and investment world.
I notice too that Paul talked about paths a bit stronger than sources of funding. That is to say, he doesn't seem to be stuck on the thought of 'fully-fund' then produce. He may well mix it up, for example, perhaps partially funding, and acquiring on the run during the first year of production.
Even so, the biggest expense according to Paul is 'hard-tooling', that is all the machines and skilled work that goes to setting up production. Some of that could be phased in as well, IMHO, pushing out a pilot production, and later going full output as investment allows.
According to Paul's path 3 (?), reservations with $1000 all-in, if that reached 60% of 240k reservations, that's $144million right there. To get that, I guarantee EM must get the P5 and the E1-25 done first. It might also help to announce a schedule for production start. Even so it might be as late as the last quarter prior, to see year1 fully-reserved, even into the production period.
As for Paul's self presentation, his clothing and the infamous cup. You know, it depends on the venue. He's dressed very consistently for a venue that happens basically in a cafeteria, and he's not out of line compared to others there. And frankly, he shows no hint of uppity -I-know-more-than-you arrogance. He just comes off as knowing what he's doing, and very in touch with what the common people need and want. HE just appears to be -one-of-us, but with the smarts and savvy 'to do this'. The only thing I didn't like, is I wasn't sure at times what he was laughing at.
We are all very used to Paul's past rhetoric, and would rather to hear hard facts we are OCD'ing on right now. But most of the public like a comfortable 'I knew it' story line. It's a 'feel-good' proposition for them. Kind of like George Bush. For while there, maybe too long, people felt like he could talk plainly to them. His speaking pitfalls were a benefit from that point of view.
Now if Paul interviews in a more prestigious venue, like talking to the president (of anything), he certainly should up his game.
Now on the P5, Paul noted it twice. And hit hard on the idea that physical accomplishment was key right now. I think EM should listen to themselves and tell us more about what was accomplished and successful in their engine results. So he seems hard driven for the next P5 milestone. But exactly what does 'soon' mean? 20 weeks would have been the end of October, so I would think that's not 'soon'. Hopefully, more like the end of September to Mid October is what soon actually means in this case.
So LillyMay! You are quickly becoming famous, you know that?! I think you are lifting the awareness EM has for this forum. I suspect if anyone in the EM field of play gets a Email with your signature on it, they will sit up and listen. So keep in mind, you have some leverage! Enjoy!
The other takeaway, the results of the A+ adventure has, and is continuing to raise the stature of EM in the business and investment world.
I notice too that Paul talked about paths a bit stronger than sources of funding. That is to say, he doesn't seem to be stuck on the thought of 'fully-fund' then produce. He may well mix it up, for example, perhaps partially funding, and acquiring on the run during the first year of production.
Even so, the biggest expense according to Paul is 'hard-tooling', that is all the machines and skilled work that goes to setting up production. Some of that could be phased in as well, IMHO, pushing out a pilot production, and later going full output as investment allows.
According to Paul's path 3 (?), reservations with $1000 all-in, if that reached 60% of 240k reservations, that's $144million right there. To get that, I guarantee EM must get the P5 and the E1-25 done first. It might also help to announce a schedule for production start. Even so it might be as late as the last quarter prior, to see year1 fully-reserved, even into the production period.
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