USA Today posting nonstop negative articles

I don't care either way, but I have noticed over the last week that USA Today has posted a new article about Elio almost every day this week.

They are subscription locked, so I haven't actually read them. But the titles are clear; today's is "Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. But where are the cars?"

Anyways, I just thought it was interesting.

Sethodine said:

I don't care either way, but I have noticed over the last week that USA Today has posted a new article about Elio almost every day this week.

They are subscription locked, so I haven't actually read them. But the titles are clear; today's is "Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. But where are the cars?"

Anyways, I just thought it was interesting.

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I will give you a nugget. USA Today interviewed Paul Elio and have been researching the company for the last few months. If you want to know what Paul has to say (which is really interesting and clears things many things up), spend the $5. I did and it was a good thing I did.

RSchneider said:

I will give you a nugget. USA Today interviewed Paul Elio and have been researching the company for the last few months. If you want to know what Paul has to say (which is really interesting and clears things many things up), spend the $5. I did and it was a good thing I did.

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Sounds like you're not interested in sharing.... too bad.

Well, for whatever reason, it seems three of the articles are on Yahoo Finance. The only one missing is one that talks about the Overstock and tZero era (which has a link to the USA Today article about it in Article 3) .

Article 1: Paul Elio raised millions to build cars. His company still bled cash. Link

Article 2: Elio Motors' promised jobs after loss of a GM plant never materialized. Link

Article 3: Elio Motors took millions in customer deposits, never delivered a car. Link

Overall, very informative.

Glad you brought that up. WHAT IS MISSING? The sudden awakening of the stocks last November 20, 2020.
As written in my 'Elio Diary';
"Stocks jumped from 30 - 60 cents to $4.00 by noon! 20 or so HUGE buys over $50K each! It settled to over a dollar. I think that was the plan. It's alive."

And again the awakening happened, just as the strange this September as Elio crawled out of the closet with their E-Elio announcement. I thought at the time and I still think now is Somebody is slapping Elio down into its place ie the back of the bus.

Both of these events were not mentioned in USA NEWS.

I laughed as the YouTube warriors jumped on the click bait game with their nothing new just repeating the USA News articles. But, they made a few bucks. I see the same pattern with the stock manipulation of GameStop and AMC and now the DWAC stock, this past week. One way or another OUR 'BUY BUTTON' WAS TAKEN AWAY. Now, in this 'Expert Market' we are not being told the stock trading behind our backs, that is going on at this time. They don't even have to report it to the public. 'They' aren't buying my stocks as I do have an Open Sell Bid still on the book. Charles Schwab would report that.

Besides the stock I think the company (all but three men) is doing as good as it can. They are still active, always have been working on financing and trying to get our elios on the road. This is no time to lose faith in our investment. #1685 NEOHIO

The articles are fact, not feelings

What I took away from the article is this. Paul needs to completely revamp his business plan before anyone is going to invest. One of Pauls biggest mistakes was to go for it big right out of the gate and not do what every other manufacturer in recent times, has done. Start off small and grow. A good recent example is Lucid. It took way over $1B just to get that company to where they are today. Even at that, its just a trickle of cars coming out. Just look at Arcimoto. Been in business longer than Elio and has only produced a handful of units. Plus, they are only sold in certain states. Thus, start off small and grow from there.

What else I took away was that Paul had to go electric as nobody is going to invest in gas. Paul realizes this after his years of trying to get investment. So, electric is the only thing left he can do and hope for the best. In essence, the whole program is on paper and not anything tangible. I could come up with the same plan and try to push it on investors and I'd be ahead of Paul. I don't have $215M in debt (soon to be $230M) or a shuttered out of date plant.

Also, another major problem is Paul and his habit of just going silent. That's a horrible PR move and thus, even if he does produce something, people will use a wait and see approach. He has burned so many bridges that it will take years to rebuild them.

People that bought into the Elio really want gas, not electric. Yes, there will be a few that will take electric but that is another slap in the face because we need to be realistic. If Saudi Arabia comes in and gives Paul $1B (essentially what they did with Lucid) they want an Electric EV, not gas. Thus, the electric one will be required to be in production and Elio will need to be making a profit, so they can get back their investment. Only way a gas version can be made, is that when Elio makes it to the point where they have tons of money in their coffers, they can finish their gas version and get it to production. So, how long do you really think that's going to take? As we all know, all of those fixed price gassers will come at a huge loss for Elio. They will need to make sure the electric ones will make up for the gas versions loss. In the real world $7450 is not realistic and the $7K fixed price that people agreed to along with all of those incentives, makes for a massive loss on each gas product by the time they get around to it. Let's not forget, the Elio-E has no WOW factor. Thus, it will need something to make it stand out. The $14,900 price tag is not going to do it.

In the end, nobody is holding back Paul but himself. He caused many of the problems he has today. If there was some secret entity that is holding back new manufacturers, then we would not see Rivian or Lucid today. This secret entity would have shut them down years ago, yet they did not. Same for Tesla.

Rabrandt99 said:

Well, for whatever reason, it seems three of the articles are on Yahoo Finance. The only one missing is one that talks about the Overstock and tZero era (which has a link to the USA Today article about it in Article 3) .

Article 1: Paul Elio raised millions to build cars. His company still bled cash. Link

Article 2: Elio Motors' promised jobs after loss of a GM plant never materialized. Link

Article 3: Elio Motors took millions in customer deposits, never delivered a car. Link

Overall, very informative.

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thanks for taking the time and effort to gather and post the links .... it seems to be factual and well written .... early on I was a strong supporter of Elio Motors ..... I believed the info they released, drove long distances to attend their "Events," bought a space in line, talked with friends and relatives (some of whom bought a space in line" ) ..... YEARS of empty promises and a total failure to meet a single, self imposed production time line, has robbed me any confidence in what they say .... the reverse is now true .... I still do have an interest in hearing what they promise but I no longer have a belief that they say they will deliver .... rather I go by what they actually deliver .... at this point, that's zero

EarlyAdopter said:

Doesn't matter what the deposit owners want. If it's not profitable, the investors will not support it.
And gas is obsolete.
Also, there are no (real) investors.
Even the electric Elio is woefully outclassed by the competition.

They ran out of time.

10 years ago, the Elio would have been a great ICE car.
5 years the Elio would have been a great electric car.

Even assuming that there IS investment and they actually DO make a car, the competition will be a $25k Tesla and possibly a $25 Aptera.
AND an in production Solo.

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Gee, ya shore talks gloomy...

Even this three wheeler company (which has been making products for a while now), looks like they are moving to the next phase. Adding a 4th wheel and electric. I know it's just off road but it shows what a company can do after they start building actual product. I suspect they will move into an on road version down the road.

EarlyAdopter said:

10 years ago, the Elio would have been a great ICE car.
5 years the Elio would have been a great electric car.

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That's true. The Electric Elio has nothing to make it stand out from a crowd. Even the design of the Elio is dated. With major manufacturers going the EV route, there will be cheaper ones down the road. Even in a best case scenario, I don't see getting a product out the door until 2025. By then, they will really be outdated.

EarlyAdopter said:

Even assuming that there IS investment

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That's a major problem with any three wheeler. Vanderhall was self funded. It took Arcimoto many years to get their play toy to production and even at that, they have not made many. The Slingshot was self funded. The Solo has been some kind of mystery as to when they will get to real world production (which has to do with lack of investment). Sondors came up short and seems to given up on it. This is reality. three wheelers are a vehicle that only sell in small numbers. Thus they need to be higher priced because the volume is not there. Plus, I do not see how Elio could build a $14,900 EV anyway, let alone a $7450 gas version. I think investors see this and thus why the company is in standby mode.