Elio Amazed
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When Will They Go In To Production?
- Thread starter MNElio
- Start date
Gas-Powered Awesome
Elio Addict
I think the handwriting on the wall is in big letters and bright colors. They started this project in 2008 and have been unable to get the project to production in nine-years-going-on-ten. That's record-setting territory. It's a significant miracle they've survived this long without shipping a product.
As one of the earliest All-In adopters, I'm in it until the fat lady sings. I'll buy it if it ever gets made. I'm happy to read that they fixed the gas filler, instruments, and exhaust, but it feels like rearranging the deck chairs on a certain 100-year-old ship. The lady has been warming up in the wings for a while now...
Trusting
Elio Addict
Can't say I "like" what you said... but I agree with it.
booboo
Elio Addict
I like what you say, but there is no fat lady. What ELIO is doing is BIG. Bigger than Tesla or any other automotive startup in recent memory. This is a high production idea. Elio has been taking all the steps to bring this revolution to completion over the years. They have also maintained that the vehicle they bring to market will be tried and true. Look forward to being one of the first to get a quality autocycle.
My speculation of what they do for funding is as follows.
If they get the ATVM loan, securing the remainder of the funding should be no problem.
If they do not get the ATVM loan, they will have a giant selling of stock.
If they get the ATVM loan, securing the remainder of the funding should be no problem.
If they do not get the ATVM loan, they will have a giant selling of stock.
Watashiwah
Elio Addict
Paul has said on numerous occasions that there are other funding options available, that is sure good news and always could be 'true' in an absolute sense. But to us it may be a 'sword that cuts both ways' as EM is under no real obligation to tell us that the loan has been denied or is simply no longer an option. EM never said that the ATVM loan is a show stopper so they have every right legally and morally to continue coasting along. Does the DOE have to publically notify third parties of the loan status? Maybe someone knows the answer to this, but my guess is that no, they do not have to, nor would they allow that knowledge to leak out: it would be tantamount to business interference if negative and lead to insider trading issues, either way. The loan status is likely very much private between EM and the DOE; we would never know if it was denied, nor would we ever know when.
Elio Amazed
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On the contrary. It will be a matter of public record.
DikiJ
Elio Addict
I'm 78 and I bought a Camry Hybrid last fall. It gets 42 mpg on the highway so gas saving is not a concern. I just want an Elio. I have my Harley and Cushman to play with. Money is not a problem either so I can wait as long as it takes to get "Elie Baby". I would like to have it yesterday but I can accept 2018 as a delivery date. For me it is just another play toy. SIL 8510. Go Elio.
Watashiwah
Elio Addict
I believe you are right, it would be announced after both parties agree and acknowledge the status. I do not believe there will be any public disclosure til then. Where would you find the status ? I'd like to see that!!!
Gas-Powered Awesome
Elio Addict
And that is the problem. Mr. Elio doesn't have the billions or the backing or the track record Mr. Musk has. I've often thought (and said so on this forum) that trying to go from 0 to 100 in one step was a mistake. It should have started with small production to get some on the street and get some income. With gas prices well below inflation-adjusted average (i.e. cheap) and stable, SUV and truck sales setting records, and the third longest economic expansion since WWII, the market for the Elio is shrinking by the minute. And it will be another year before production begins? Not only is there a fat lady, but she's got her costume and make-up on, and is all warmed-up. She's just waiting for her cue.
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