Found the video (May 2014). Gas was $3.69 for the national average back when the video came out. I wish that would have been me to experience the Elio on the road as opposed to those two.
Trust me, I asked Elio about this twice and they assured me that the test was going to come out. If soon means more than three years, then I guess they are safe. It's no different than the tube frame chassis and plastic body.
The Corbin was even more of a home made car over. I would be careful when it comes to "handcrafted". There's a reason why Solo pretty much started over and then the production model even looks more polished. That's because they knew that a homebuilt looking car will lead you to bankruptcy...
I'd like to see an actual test of the Elio mpg using the same test that a car is subject too. I suspect everyone here would like to see that. It's simple to do and should have been carried out many years ago. That way, Elio (he's an Engineer) would be subject to what other Engineers have to put...
The fist one were. Too much off the shelf components and not designed for the car. Look at the videos of the first ones and it was obvious they went through a catalog to buy the parts. Now it has a real 3D modeled dash and real electronics along with things like the switches and the...
When your investors are people laying down $100 - $1000 reservations, then you are correct. When investors are looking at much larger numbers, then it's a different story. They want a big return on their investment, the crowdfunded people don't get a return on their investment financially, they...
That's never going to happen and I know it's been brought up before. I have always wondered that if you did the commit to buy, will Elio force you to buy the car? Commit to me means you must do it. If that's the case, no matter what Elio makes, the first 21K people will have to buy it no matter...
Just like the Microbus I seen at the LA auto show back in 2010. It was "production ready" and to be built in the new plant in Chattanooga and on the road in 2012. It was even going to be a TDI. That's what the rep told me at the show and there were some articles about it. It was like the Elio...
That petition is over 3.5 years old. If it never gained traction back in May 2015, it's never going to. People like to do these petitions buy the only ones that ever seem to work is if people want a TV show put back on the air. It's only got 465 signatures in all that time. I wouldn't worry...
I believe that was going to production just like the various VW Micorbus concepts that were to have hit the showroom over the last 10 years. As for the specs, it was about 90 lbs lighter than the Elio. As for the engine, it was just a run of the mill Polo unit. Nothing special. What the Elio...
When I read about American manufacturing and what Elio has been telling us, I refer to VW. They opened that plant in 2011 and now employ 3500 people. The Passat is 85% North American Content (5% less than the current Elio). They started with the Passat, added the Atlas in 2017 and now the new EV...
I did find in the latest SEC filing this (as of June 30, 2018):
$7K locked in commit to buy - 21,195 units (total discounts - $15,637,455) (average of $737.79 per unit)
$7.3K locked in non commit to buy - 36,597 units (total discounts - $15,626,030) (average of $426.97 per unit)
Total...
One thing nobody has touched on is the current liabilities of the company. This is something that you cannot avoid. If you read through the SEC filings, they are accumulating debt on things like lease payments, payments to CH Capital and payments to Racer Trust. They keep extending these and...