Momentum V150

[Coss]

Elio Motors Momentum v150

You may have noticed that today’s post is the 150th installment of the Momentum. In it, we take a look at the ground we've covered, gas price rises on the horizon, and more.




*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.



Elio Motors 2942 North 24th Street Suite 114-700 Phoenix, AZ 85016 US

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[Coss]

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Momentum 150

April 11, 2018



Momentum 150

You may have noticed that today’s post is the 150th installment of the Momentum. Our goal from the very beginning has been to provide our supporters and customers with an inside look into the process of bringing a vehicle to market. As the interest in the Elio Motors project became evident, we wanted to show the ins and outs of a startup transportation company. We have covered far-ranging topics including engineering results, supplier profiles, funding opportunities and endeavors, industry trends, insights into the manufacturing the process, and many subjects in-between.

We want to thank you for staying with us on the journey. As is the case with just about any startup company, there have been peaks and valleys, but we appreciate those that have stayed engaged and interested in the process. As the project continues to move forward toward production, we are dedicated to keeping the communication channels open and provide you with an in-depth look into the process.



More Miles, More Problems

If you were planning on taking an inexpensive summer road trip, you might want to hit the brakes on your plans. According to Market Watch, “U.S. drivers can expect to pay much higher prices at the pump this summer than last, as prices for crude oil climb, according to the Energy Information Administration’s Summer Fuels Outlook report released Tuesday.”

While it’s common for gas prices to rise during the summer months, in part due to increased demand, the forecast for the upcoming summer looks stark. Per the article, “The government agency forecast an average retail price of $2.74 a gallon for regular gasoline in the April-to-September summer driving season this year, up from an average $2.41 for the summer season in 2017—an increase of nearly 14%.”

Historically, when gas prices are relatively low, drivers tend to pay less attention to the efficiency of their vehicles. Not surprisingly, sudden and sharp increases in gas prices have resulted in a renewed focus on fuel economy. The only sensible way for drivers to protect themselves against abrupt spikes in oil prices is to own a high mileage vehicle. Even if the increases never occur, the equation remains the same: owning a fuel-efficient vehicle offers savings through times of both high and low gas prices.

Don’t Forget to Vote

In case you missed it, after many suggestions, we have invited our supporters to design the next Elio Motors t-shirt. Last week, the field was narrowed down to 5 tremendous designs. If you’d like to participate, click here to be taken to last week’s blog and vote. The polls will close on Friday morning at 10:00 AM Central, so don’t delay.








Sign up for "Elio news and information"
Elio is literally a news-making machine. And our monthly newsletter will keep you updated on everything between now and the day your Elio arrives. Safe to say you’re not going to be doing much reading for a while after that.

 

[booboo]

"The only sensible way for drivers to protect themselves against abrupt spikes in oil prices is to own a high mileage vehicle."

 

[Terrimom40]

CONGRATULATIONS ELIO !!!
150 installments of momentum,
and still no car

 

[Made in USA]

Had to laugh at this: "The only sensible way for drivers to protect themselves against abrupt spikes in oil prices is to own a high mileage vehicle.". What they meant was high MPG vehicle. I mean my old Toyota has over 260,000 miles would that be considered high mileage enough? Their talking about high gas prices is also sort of irrelevant. This is a "supply vs demand" question and they are correct that higher prices will increase the demand for vehicles like the Elio, but they will not have a vehicle by this summer will they? No supply.

 

[RSchneider]

Sounds like if you need a high mileage vehicle, then a used Class 8 truck is your best bet. You can find a used one with 1.5M miles on it. If you are looking for something more practical, there are plenty of Sprinters out there with 400K on the clock. Many people convert them into stealth RV's too. The lucky ones are the people that are members of the Volvo Heritage Club because they have badges that show how much they are protected from high gas prices. Like this guy:

 

[Watashiwah]

CONGRATULATIONS ELIO !!!
150 installments of momentum,
and still no car

On the positive side, what a great 'teaching moment' for my 4th grade (9 year old) granddaughter!!! 150 is a cool number when you're learning multiplication tables and estimating; the 12's are tough but 12 x 12 is 144 (which is gross!) and then you can go into broader thinking like 150 is exactly 12.5 years. That's a long time of monthly updates!! One thing I couldn't go into was that fact she was conceived about the same time most of us drank the Elio Kool-Aid!!!

Had to add this from the latest 'Momentum' in an edit:


"Elio is literally a news-making machine. And our monthly newsletter will keep you updated on everything between now and the day your Elio arrives. Safe to say you’re not going to be doing much reading for a while after that. "

TOO FUNNY, looks like Hari and Paul still have gallons Kool-Aid left and are swimming in it!!!

 

[wjdom]

CONGRATULATIONS ELIO !!!
150 installments of momentum,
and still no car

ELIO NEEDS TO CORRECT THE SPELLING TO "NOMENTUM" FOR THE NEXT INSTALLMENT.

 

[KD]

Vote early, and vote often!
Ha ha ha