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A Simple Question

Hog

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Elio is pretty much dead in the water at this point (my opinion, having giving them my money back in 2016? or somewhere way back there. Currently all attention is focused on the BEX as the only ongoing "project of promise" (see that thread).
I was also financially committed to the SOLO as well as Storms car, but watched them fade away as well, at least getting a refund from them.
 

Rickb

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EM (Elio Marketing) “Hello Elio” was one of the most successful new vehicle startup campaigns of all times. I followed many enclosed three wheeler concepts over the past 14 years. The only 2 that made it to production were the FUV and the Solo. The Solo is dead (company is buying back all the Solos sold (cheaper than lawsuit) and Arcimoto failed to fully enclose the FUV, but what a blast to drive with 600+- happy owner vehicles on the road. Production scale since the 2019 production start…… a whopping 3 FUVs per day, limited regional rental, sales and service areas. Major wait time on mobile service and some fixes can be done at the Eugene plant only. Owners having issues getting parts for DIY fixes. I was hoping for a mass produced fun to ride enclosed three wheeler with a local sales and servicing dealership and it’s not going to happen. The wide appeal market demand for three wheels is apparently not there. Happy to be driving a 4 wheeler at this point in My life.
 

RSchneider

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Has anyone heard lately, any information that would indicate that Elio Motors is doing anything to develop and manufacture their car?
Here's a few things to think about:
Last Time we heard Paul Elio speak was in Shreveport Mid May in 2018
Last time we seen a glimpse of him was at that thing in Columbus, it was in April 2019
Last press release was around October 2021 (the Elio-E)
There was a 5 part series with someone emailing him around the same time. It was about the company
Company racks up about $17M in debt each year
Last time I figured it out, they were $230M in debt
They employ 2 people (Paul is one of them) and they eliminate all others at the end of 2016
Stock price is at a penny
Paul pays himself $250K/yr

So connect the dots. Zero information for a company that has produced lots of videos, pics, a website, stickers, t-shirts and 5 prototypes. Plus, raised around $110M doing so. I'm just waiting for them to declare bankruptcy as they can't keep this going for much longer. Once that's done. He can start a new project and wipe his hands clean of this adventure.
 

JohnJ

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Here's a few things to think about:
Last Time we heard Paul Elio speak was in Shreveport Mid May in 2018
Last time we seen a glimpse of him was at that thing in Columbus, it was in April 2019
Last press release was around October 2021 (the Elio-E)
There was a 5 part series with someone emailing him around the same time. It was about the company
Company racks up about $17M in debt each year
Last time I figured it out, they were $230M in debt
They employ 2 people (Paul is one of them) and they eliminate all others at the end of 2016
Stock price is at a penny
Paul pays himself $250K/yr

So connect the dots. Zero information for a company that has produced lots of videos, pics, a website, stickers, t-shirts and 5 prototypes. Plus, raised around $110M doing so. I'm just waiting for them to declare bankruptcy as they can't keep this going for much longer. Once that's done. He can start a new project and wipe his hands clean of this adventure.
This is outrageous. And the worst part of it is... they're getting away with it.
 

RSchneider

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This is outrageous. And the worst part of it is... they're getting away with it.
All they need is an investor and it will happen. Call Bill, the Saudis or Warren to get this thing going. Today, a mere billion will get it to production. With the electric version coming out first, the current reservation holders will have to wait a bit. That’s ok. Let the greenies fund the electric version. With a $7450 autocycle that gives 84mpg, it will sell like hotcakes. So just keep waiting, it’ll come around.
 

JohnJ

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All they need is an investor and it will happen. Call Bill, the Saudis or Warren to get this thing going. Today, a mere billion will get it to production. With the electric version coming out first, the current reservation holders will have to wait a bit. That’s ok. Let the greenies fund the electric version. With a $7450 autocycle that gives 84mpg, it will sell like hotcakes. So just keep waiting, it’ll come around.
That all sounds great. The problem for me is that by the time it happens, I'll be too old to drive.

" With a $7450 autocycle that gives 84mpg, it will sell like hotcakes. So just keep waiting, it’ll come around." I wonder if it will "come around". I keep thinking of Tucker and what happened to him. So far it looks like "they" didn't have to do much to muck it up, Paul Elio did that for them. But if Elio Motors ever started to look like and competitor (threat), I wonder what would happen.
 

Rickb

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That all sounds great. The problem for me is that by the time it happens, I'll be too old to drive.

" With a $7450 autocycle that gives 84mpg, it will sell like hotcakes. So just keep waiting, it’ll come around." I wonder if it will "come around". I keep thinking of Tucker and what happened to him. So far it looks like "they" didn't have to do much to muck it up, Paul Elio did that for them. But if Elio Motors ever started to look like and competitor (threat), I wonder what would happen.
Perhaps EM will have autonomous drive technology that will drive us to Dr. Appointments. :)
 
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