They bought the equipment in the plant for $23M and were late on the first payment which resulted in 18% interest, for that equipment through Racer Trust. Last time I read, they still owed around $4M on it. They did sell some equipment that they did not need or was outdated. That was only a few...
Where he builds it is the least of his problems. Might as well say he's going to build it on the moon. Doesn't matter. What he needs to do is actually finish the product first. I look at it as he's running a marathon and stopped at the 15 mile mark. Then asks, "Is that good enough?" Instead this...
Problem is, Elio will have to do yet another complete redesign of the chassis (not as easy as some think). As we all remember, the IPO literally funded the space frame to unibody design. It was a complete about face as to what Elio had been telling us since 2008. So, be prepared for a long...
This came across my news feed this morning while camping. To answer the original question, I agree with Made in USA. In addition to what he said, the email was sent out because they had the database and in addition to that they were hoping that reservations holders would buy up some stock while...
We have had a few RV's but bought another one back in April of 2020. RV dealers were dead and it was a good time to get a deal. We figured people would all of a sudden go nuts on buying campers after they figured out that they wanted to get out of the house. We found out that many state parks...
Looks like you are using two existing side skins from an existing sedan. If so, what did you use? Then, what about the floor pan, firewall and rear bulkhead? What about the powertrain? What are you going to use?
I only ask these questions because last thing we need is another model of a 3...
Infinite Skyz website was last updated on May 4, 2016. Last Twitter was May 25, 2016. Corporate search shows they are still in business but their mailing address listed is for https://www.atlinkcom.com Then, their corporate address is for this http://www.salinskylaw.com Here's the VP of the...
I got a feeling that will never happen. It's easy for us to determine what companies or rich people should do with their money. In the end, the powerplant and transmission is not a problem at all for Elio. There are at least 10 different 3 cylinder engines made right now that they could use...
Arci seems to have big plans but I wonder if they should spend more time fulfilling their reservations as opposed to franchising and promoting future products that they have no definitive date on producing. I checked their website and was looking to buy that $11,900 version. Seems it doesn’t...
When it comes to the chassis, this is what Elio had to say up to 7/16/2016 in their SEC filings:
Then it changes to this:
As you can see, this was a major change and they had planned for a long time (7 years) to not use Unibody and steel panels. Even explaining as to why their method (space...
Just checked with IE and Firefox. Does not work when you run the configurator. Works on a MacBook Pro but on Chrome, it has an ad to donate to some mysterious place and after 2 minutes, the configurator shows up. Here's the link. Seems that the site it glitchy. On a side note, their other social...
Actually the chassis was the biggest problem, not the engine or dash. From 2008-mid 2016, it was all tube frame and plastic body. Then all of a sudden, unibody and steel panels. All of this while they owned a massive steel stamping operation in Shreveport yet were not going to use it? Instead...
If you have a refundable, you need to make sure that you have the same address and email before asking for a refund. Seems many have moved and changed emails to where Elio has some slight issues with refunding the refundable reservations. So the investors need to email Elio with their latest...
That happened at the same exact time as the Overstock investment. If they were wanting to go private, then they sure are doing it in a strange way. Elio has little if any assets. On the other hand. Pat might have convinced Paul that with the $2.5M in stock that he bought (he didn't buy it but...
Excellent point. He really could be just out there and giving more forward looking statements. I just wonder why he is not? He's protected and there's nothing that anyone can do to the company because of the iron clad contract and iron clad forward looking statements. It would be safe to say...