Momentum V158

[Coss]

Elio Motors Momentum v158

This week’s Momentum reviews a topic we have discussed before but remains an important point of discussion. Our goal is to improve the auto buying process. Here's how we're going to do it...

Story on page 2

*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

[Broken External Image]

 

[Coss]

Momentum v158 page 2

• Reserve Now!
  
  This week’s Momentum reviews a topic we have discussed before but remains an important point of discussion. An old adage tells us that “If it ain’t broke, don’t fix it.” At Elio Motors, we work every day to be fixers of broken systems. We want to provide solutions to issues like job creation, American manufacturing, cutting the trade deficit, increased fuel-efficiency, and providing affordable transportation. We strive to be innovative in all areas of our business. Additionally, we believe that the experience of buying a new vehicle should be a pleasant experience instead of a tedious chore. Of course, the experience will be slightly different for the first reservation holders as we grow our business and expand our infrastructure, but today’s Momentum highlights how we are going to improve the Elio buying process, and how the process will work.
  
  
  
  Once we begin production, we will begin filling all reservations. The experience of buying the Elio will be different for reservation holders than the general public. The process for reservation holders will be conducted primarily online as we begin to establish our retail centers. The plan is for all reservation holders to receive an email with a link to go to their Elio order page approximately 90 days before we make your specific vehicle. The site will be your order site and will allow for you to choose your color, transmission and any option you would like to buy. We will then use that order to build your Elio the way you want it.
  
  For those that do not have a reservation, the plan is to have two different ways to purchase an Elio: online or in-person at one of our Elio Motors Retail Centers. The Internet has made buying a new vehicle a much more streamlined process. For individuals who are either too busy or just prefer to conduct their business online, we are working on a way that they will be able to do so when purchasing their Elio. From the comfort of their homes or offices, we want Elio Motors customers to be able to customize their vehicle online. Our options plan, called ePlus: My Elio. My Way. allows customers to pick their options without having to pay extra for option packages. Another way to think of our option plan is mass personalization. The possible option configurations in and on an Elio will be essentially endless. For online customers, we want them to be able to personalize their Elio from any place with an Internet connection. It’s that easy.
  
  Of course, even with the advantages that come with online shopping, there is still something to be said for in-person interaction. For Elio Motors customers that want to kick the tires and talk to an Elio Motors representative. We plan on having approximately 120 retail centers across the country. Some markets, such as Los Angeles, could have multiple locations, while smaller locales may only have one. Our goal is to have Elio Motors Retail Centers accessible to as many people as possible.
  
  Our Retail Centers will look less like a vast car lot and more like a tech store. When visiting an Elio Motors store, you will have the option of completing your transaction on one of our kiosks or with an Elio Motors employee. One advantage to visiting one of our retail centers in-person is getting a good feel for the Elio driving experience through a test drive.
  
  The vast majority of car buyers despise the car buying process. Our goal is to make it a fun and informative process. One of the reasons consumers dread the car buying process is the fear and anticipation of haggling with pushy salespeople. We decided that a pressure-free environment is best, so the base price of the Elio will be set across the country. The base price of the Elio and the price of our options will be the same for everyone at every retail location. Instead of offering discounts, we plan to pass along the same great price to everyone. We believe that this approach is beneficial to our customers, as they will be able to make a more informed decision without feeling pressured.
  
  https://www.eliomotors.com/the-elio-experience/
  This week’s Momentum reviews a topic we have discussed before but remains an important point […]
  
  
  
  
  
  
  
  
  

 

[Coss]

I got it right this week!! YEAHHHHH!!!!!

 

[Made in USA]

Thanks Coss. Dreaming about some of the options. Initially a few years ago, I liked the Infinite Skyz display. However, they have never responded to any of my e-mails. Are they even in business? When companies fail to respond, I typically stop wanting to have anything to do with them. At least Elio responds. They may not say much, but that's ok. Anybody else have pet peeves like this?

 

[Ty]

Thanks Coss. Dreaming about some of the options. Initially a few years ago, I liked the Infinite Skyz display. However, they have never responded to any of my e-mails. Are they even in business? When companies fail to respond, I typically stop wanting to have anything to do with them. At least Elio responds. They may not say much, but that's ok. Anybody else have pet peeves like this?

I have the same one. If a company can't be bothered responding to me before I buy, why would I think they'd respond if I had trouble later? Hard pass.

 

[LillyMayPatterson #1685 & #5648]

I just re-read and re-looked up the Momentum three times. There is NO forward statement disclaimer like copied above by you Coss. In fact when I read and re-read it the first time I remarked to myself, that there were less disclaimer words in it like 'might have', 'our goal is...', the hope is ...', 'could be', 'should be' . There was no page one, only one page.
Am I wrong?

 

[LillyMayPatterson #1685 & #5648]

Of course, the experience will be slightly different for the first ....
today’s Momentum highlights how we are going to improve....
Once we begin production, we will begin filling all reservations. The experience of buying the Elio will be different ....
The process for reservation holders will be conducted primarily on ....
On & on, it goes without the disclaimers. I want to be right, lol.

 

[booboo]

This seems like good news to me. What I get from this...
Elio has "plans" for retail centers, but not right away. They will rely on online ordering and delivery, and see how that goes for a long while.
I think the retail centers are now on the back burner, so they can see how the other ways of order/delivery work, and can focus on the more important things, like making the vehicle.
Makes sense to me. #1 PRODUCTION FUNDING priority is still the main focus, yea.

 

[RSchneider]

Elio has gone from 60 to 120 retails centers. So, they must have something up their sleeve (i.e. funding).

 

[Coss]

Yeah, since they have been so tight-lipped about everything, there is no telling what is going on.
But from the sounds of Chip the other day, something good is going on, in a big way.
But no one is saying a thing, and in a way, it's good, but then again, who knows.
But it seems better; not depressing, just sort of upbeat.
I don't know why, but just have this feeling that something good is happening, that we'll all learn about.
Don't know what, but it's good.