Elio has lawyers to take care of the $76,500 fine. Paul and the rest are not involved in that as they are not lawyers. Right now it's just funding and that will only happen when the funding floodgates open. When they open, Elio will make a press release before they tell anyone as per the SEC...
This is exactly what happened with the smartwatch startups. All it took was for Samsung and Apple to come in and all of the startups were done. Garmin had a built in customer base with the right engineering and they kept going. The technology was being developed so fast that a startup that had a...
You have to remember, Paul agreed to this deal back in late 2012. Back then it was what he needed to get the company to the point where they could make the high volume to produce the profits at the price he quoted. Downfall is, 6 years later that deal is now drowning the company in debt. You...
Who do you think has bankrolled most of Elio motors? General Public Investors (i.e. reservations and the Reg A+ stock). Elio found they do not invest enough and thus you see where they are at right now. Who has been to Elio Motors? Where is Elio Motors? Elio motors exists either at Pauls house...
He did need them. It's window dressing. The pharm and bio med startups do this all of the time. They need a team and a BoD. When you are getting interest from investors, they want to see that. It gives clout and shows legitimacy.
How that works out in the real world is debatable. I find that...
Would you like it if last year Stu drove the company into bankruptcy and Elio Motors becomes a footnote in the history books? He could easily do that at any time. What do you want him to do?
Would you want someone who's specialty is in real estate to be telling a car company what to do? All Stu cares about is getting his money and he will, no matter what. He gifted Paul the place to work out of and it was up to Paul to figure it out. Plus he's bent over backwards to keep Elio from...
Lots of volume over the last few days and today is another one. Typically when that happens and it being this low, there's some good news coming around the corner.
This is not financial mismanagement at all. Stu is on the board and he is part of Racer Trust, CH Capital and SBP. So he can just keep putting off the payments as long as he wants. He is the one we all should be praising because he's keeping Elio in business. If it wasn't for him, they would...
Can you show me that code reader then. Because the code readers I have bought are limited to the engine and a few other things. Not the rest of the systems. I do have a VCDS for my VW and it will go into every system, allow me to code and even recode those systems. If I can do the same for under...
The guy that owns this:
https://www.weathertech.com
Bought this:
https://www.cnbc.com/2018/06/01/this-ferrari-just-became-the-most-expensive-car-ever-sold.html
That's three of those Bugatti's.
The Tesla truck concept to me looks like a european style delivery van. Here's a good example. VW sells the Crafter and the Transporter. Both come as vans, trucks and just an open frame. If you notice, the Transporter comes as a full blown van (Caravelle) and camper (California) too...
Look at it this way. The Elio weighs 1350 lbs and with a driver let's say it's 1500 lbs. Driving it 20K miles per year means you are doing a certain amount of wear on the roads. Up until a few years ago, they were with no markings and really dangerous to have on the roads. Now they have...
Amazon can figure out the arts and recently they are now selling installation. Think about it. If your Elio cranked over but wouldn't start, would you know what to do? It could be a hundred different items. Unless you know what to look for, you are running blind. This is not where you had a...
I think the biggest challenge is going to be service after the sale. With cheap cars, we just accept that they break and work on them ourselves even if they are brand new. As for Rivian and Atlis, they are for the super rich and they don;t work on their own stuff. So, when the Rivian has a...
tZero has a MOU now, so that's good news. Elio has an MOU too.
services.corporate-ir.net/SEC/Document.Service?id=P3VybD1hSFIwY0RvdkwyRndhUzUwWlc1cmQybDZZWEprTG1OdmJTOWtiM2R1Ykc5aFpDNXdhSEEvWVdOMGFXOXVQVkJFUmlacGNHRm5aVDB4TWpjME9ETXdPU1p6ZFdKemFXUTlOVGM9JnR5cGU9MiZmbj1PdmVyc3RvY2sucGRm