If you look at their SEC filing, the address for Aptera is a residential house. Not a real business location.
This is all they have done so far:
- Completed several iterations of Computational Fluid Dynamics on our exterior design to refine for the best aerodynamics possible for the Aptera
-...
Then Dr. Byrne can figure it out while he's in Indonesia. He's got the time and $90M that he can invest into Elio Motors. Maybe, Bankorus can help as Dr. Byrne likes them too.
https://cointelegraph.com/news/overstock-funded-bankorus-has-no-money-or-staff-says-1m-shareholder
It all makes sense. Pat did say that the Eliocoin was being recoded and due out at the end of the year. So this means that by the end of the year we will have good news from Elio Motors on their blog. The $25M they will raise will pay off some debt and get them going again. The $2.5M got...
if you want inspiration, then stop taking existing 4 wheel designs and making them into three wheelers.
For the LMP-1 car - I suggest you go look at an AMR tub and see the overall distance from left to right for the human being compartment. What you'll find is that like all of them, they are...
Then you needed to say this, "just to see what people respond to as long as it's positive." When you are asking for response then you need to make sure that you take the bad with the good unless you specify.
You guys need a history lesson. Roush has been with Elio since March 2016.
https://www.eliomotors.com/press-release-elio-motors-adds-world-renowned-roush-as-lead-engineering-partner-on-blue-chip-auto-supplier-team/
If you remember, no mention of a unibody and steel body until May 2016...
I assume Toyota and Honda will jump on this but as for the rest, EV's are what's relevant. NASCAR is having a hard time getting interest in their DPi 2.0 that's going to have hybrid in 2022, I would think that the Cup version might not be much better.
If you want to blame the reason why investors are not giving us what we need, it's because all of that money is being thrown at what we want (EV's and autonomous). I can tell you that in manufacturing, those two are the buzzwords and where people are directing their attention. maybe they will...
Jones trading is placing those Eliocoins. They were doing it through October 15, 2018 (which was a year ago). Hopefully they got that $25M filled and the Eliocoin can go live come December.
Last time I checked from the SEC filings for the equipment. They took out a $25M loan, sold $3M of the equipment they did not need, have $3.9M left on the loan (as of June 2018) and devalued it to around $11M (for tax purposes).
Then they have been making lease payments on the plant ever since...
This thread is about what happened in 2015. The way I see it is that Elio’s total budget needed to be over $600M and they raised about $100M. First was from private, then public via two different methods. The picture that was painted was that it was ready to go to finding will happen to silence...
Hari left Elio Motors to do this, but stayed on the BoD:
https://www.eliomotors.com/former-coo-of-elio-motors-launches-car-subscription-service-yoyo-press-release/
It looks like that company went belly up. So now he's onto another adventure of him being a Serial Entrepreneur and CEO of this...
I found it. Instead of a mystery source of information about funding, I went to the horses mouth where's it's documented. I found that Elio Motors was privately funded back in early January 2013. So it was funded and production should start in June 2014.
Q: Where's the funding coming from at...
I looked to see what I could buy for that $25K average price for a sedan (this is including S&H which the Elio does not tell us what that will be):
VW Jetta R-Line
Base Nissan Altima
Honda Insight
Base Camry or Prius
Base Optima
Kia Niro
This is what you are comparing against. Plus all are...
Why are you comparing a $25K sedan vs a $7450 Elio. That's like comparing a $4 quart of fried rice to a $30 meal at a restaurant. How about compare the cheapest new car that exists right now vs an Elio. Then compare the average mileage of each. For example a $12,500 Spark vs a targeted $7450...
For everyone that needs an Elio, how have you been able to survive up until now? How are you going to survive the next few years? With the economy in the toilet and used cars way too expensive, you might have to look into something to fill in that gap until you get your Elio. What are your plans?
I have never found any information about funding being refused. All I found was this:
and this:
The way I see it, it's just hearsay and that's it. So I do not believe any of it. Especially when these quotes are 4.5 to 5 years old and we have seen how this all has turned out.
Some of the other...
What computer modeling software did Elio use? There's more than one and some have proprietary software.
Plus, Elio has said lots of things and down the road we have found out that they have not turned out very well. For example:
-Multitude of Production dates
-Space Frame Chassis
-SMC Body...