They have never been close on their cost estimates, and have spent the deposits, unlikely that they would make any profit on the all ins.Their big profit items are the auto and infinite skyz. Auto will make them profit. Infinite Skyz will not,2015 technology in 2019 is worthless.
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RSchneider
Elio Addict
That's why they need a digital dash. That way they can integrate all of the 2019 technology in it. Then charge you $2K for a guy to plug in it and unlock that feature or plug in a dongle. That's plenty of money right there.
Trouble is that most people are interested in a cheap vehicle. Once you pay for the auto and a two thousand dollar digital dash, it would not be a cheap car.
RSchneider
Elio Addict
It's an add on for the OEM dash. The Skyz package is already $2K along with the heads up at $479 and park pilot for $312. Even today, most manufacturers build one harness and on infotainment unit. You want those options it comes down either unlocking a unit, adding a dongle or installing a module. That's where they make their money because people will look at the monthly payment and figure, another few bucks per month is no big deal. Not everyone is like that but most are. In the end, Elio needs to make huge profits on the cheap add ons and this is a way to do it. I would think we all want Elio to survive as opposed to failing right after they fulfill those reservations.
Let's see if we can "fast forward" it to 2019...nope it does not compute
. This venture however starts to feel like a Lotto. Those who holds a ticket (reservation) have a chance of getting an ELIO! Now for the fun part- I'm not an odd maker so who wants to start? (___ to 1) 
Rob Croson
Elio Addict
$44.1 million spread out over 65,000 reservations assumes a profit of $678.46 per vehicle, across the entire run. This is substantially below their estimated $1,000 per base vehicle. (True, we don't know the total number of all-ins, but we can estimate somewhere near 1/3rd are $1k all-ins based on reported SILs. This puts an upper limit on deposit bonus liabilities.) Add in the higher profit margin on things like optional equipment and automatic transmissions, I see no reason why they couldn't hit that estimate $44.1 M.
booboo
Elio Addict
Tesla has sold well over 100,000 vehicles since inception. Tesla's cash flow is still negative.
I think Elio would be able to do MUCH better than this, if what we have been told is true.
I think Elio would be able to do MUCH better than this, if what we have been told is true.
I don't buy Lotto tickets because my odds of winning are about the same as if I did.Let's see if we can "fast forward" it to 2019...nope it does not compute
Based on the email reply I received from EM's Marketing VP, Chip Stempeck back in 3-21-2010, regardless of the odds, I would not bet on anything going on in 2019. EM would need a validated production model hidden away and secretly starting to tool the EMP for that to be remotely possible in 2 short years. Bright side, maybe a validated prototype by 2019 is more realistic. Chip may be eligible for retirement benefits by that time since we are both 10 years older since his Hello Elio Campaign back in 2008.
booboo
Elio Addict
IF... I was an angel... I would insist on getting a move on. ElioMotors has the design done, and Prototypes and some Engineering types done.I don't buy Lotto tickets because my odds of winning are about the same as if I did.
Based on the email reply I received from EM's Marketing VP, Chip Stempeck back in 3-21-2010, regardless of the odds, I would not bet on anything going on in 2019. EM would need a validated production model hidden away and secretly starting to tool the EMP for that to be remotely possible in 2 short years. Bright side, maybe a validated prototype by 2019 is more realistic. Chip may be eligible for retirement benefits by that time since we are both 10 years older since his Hello Elio Campaign back in 2008.
View attachment 22251
1. Immediately, build and test production types. (2 months)
2. Confirm production readiness. (3 months)
Production readiness is where Elio should be focusing now.
3. Start production
RSchneider
Elio Addict
Even Warren Buffet couldn't accomplish that with all of his money over that time period. Elio does not have the design done by a long shot. They have told us that through the numbers. When you have spent $62M so far and need an additional $85M, that's a total budget of $147M. Elio is literally not even 50% of the way there. At this rate of progress, it'll be 2029 by the time they get ready to have a version to produce. Currently, I'd say that the rate of progress on getting it done is about 0.01% per month. Elio has told everyone that it'll take 76 weeks to get the car to production, that's mid 2019. I doubt they could shave any time off of that since it's pretty optimistic as it is.
Elio would be much further along if they would have started with a number of around 5K for the first year and then ramp up slowly. When you are looking at cranking one out every 40 seconds, you have to design accordingly. Plus, just look at the problems Tesla is having with the Model 3 ramp up. This is a company that has already been making cars but not at the volume like they will be with the 3. This is why Elio is only planning for 65K the first year because they know it'll take a while to get up to full speed. Elio knows better.