You should build a Cobra Kit car. A guy down the street is doing that and it looks like it'll be fun when he gets done. He sold his Slingshot to build the Cobra.
A company I work with was looking into the ATVM loan program. They decided to not go for it just due to the frustration and them not handing one out for 7 years. As the owner put it, "I don't want to pay some lobbyist or consultant hundreds of thousands of dollars to keep the paperwork going...
You also need to remember that about 35% of those sales are fleet. So, those numbers wouldn't look so good if fleet went with something else. In the end, pickups went the route of the Suburban. They jazzed it all up and opened up the audience that buys them. If pickups were just like we had in...
It's all sunk costs now. What matters is pretty simple, how much does Elio need, when will they get to production (which answers the revenue question) and when will they get to cash flow positive. If the answer to those three questions becomes something positive, then the rest is just...
It's common knowledge that I go over the Elio SEC filings but this is what I see for what they spent since they were filing:
How much they spent:
2013: $9.9M
2014: $14.9M
2015: $13.1M
2016: $40.3M
2017: $3.7M
2018: $2.8M (up to June 30, 2018)
Total: $84.7M
I see that they spent $84.7M from 2013...
I'd rather have Elio put in a center light to meet the current law as opposed to paying a lobbyist to try to pass autocycle legislation and trying to get an ATVM loan. Right now, all future funding needs to be devoted to finishing it and getting them on the road. Maybe after 2-3 years where Elio...
It for the ones looking to break the poverty cycle too. That's why the price, mileage and Elio gas card are attractive for them and why Elio made it that way.
You are right but it's a play toy. Not a supplement for everyday transportation and it's geographically limited. It's just like a Miata. Yes there are people that use them for everyday transportation but most do not. They use it to take their wife out or go on weekend drives. Thus the reason why...
I'll give you an example. My wife is into the Keto Diet. She knows that I love mashed potatoes. That means, we can't have them and thus the Keto way is Cauliflower Mash. Go and search that and you will find thousands of positive reviews along with the hundreds of great recipes. After two years...
To me it's pretty straightforward. Elio is struggling at raising money As of today this is what they are dealing with:
1. Legacy decisions that have let to an increased amount of debt that will have to be paid and then paid on a monthly basis when the back payments are paid. That means, the...
That sounds like patriots fan talking to a Jets fan when it comes to buying season tickets. Do you buy Jets season tickets even though you never seen next years team play? If you buy the tickets and they have a season that is not up to your expectations, do you give them a bad review or just...
That's like telling a Jets fan that they will not even make it to the Super Bowl next year or Ford fans, that Chevys are better. Fans are the worst when it comes to reviews. You need an outside source looking at it.
Here's what I know about the Solo:
1. Brakes are hard
2. Steering is heavy
3...
I mentioned this before how the hand build ones in Canada were pretty much a homebrew style and that the Chinese ones look much more production ready and polished. At least someone else feels the same way I do about the early 40+ they built in Canada. It's not good PR to have someone drive the...
If Acrimoto is has everything they need, then the reservations will be done by October and then full retail units will be rolling off the line. If they are not fully ready, then those full reservation units will not be available until July or August 2020. The dates will tell the tale.
Also, just so you know, R12 was the evil refrigerant and R134a was the savior and eco friendly. Guess what, we found out R134a is just as bad (bad in a different way). This is why it's being phased out. First is in the foam industry and then AC units.
The AC compressor is always running but you need to remember, it has a valve on the back of it that opens and closes. When closed the compressor freewheels as it's pumping nothing. This is not the compressor is constantly pumping refrigerant. You have to remember, that EPA test for mpg has the...