Since the SEC has those rules which means zero information, then I suspect that Elio has all the money and is working right now. The only indication that we will know that they done is when Elio #1 reservation holder notices a big charge on their credit card and they get a phone call from Elio...
I stand corrected, not all of the cars but it's becoming standard on most. As for backup cameras, every 2018 onward 4 wheeled car has them as mandated by federal law.
The point is, what used to be something you'd never see on a cheapo base model car back in a year like 2013, is not the case...
Actually, we don't know the retail price of an Elio. Until we do, we can only go by the theoretical price of the compared to the discounted price of a Kia.
As for testing, the majority of that is done in a test cell, no in the actual car. I know Roush has a large facility that does that and under no circumstances are recording devices allowed. Roush does all of that 150K mile testing, thermo shock testing and emissions testing. As for the actual...
A long time ago, I took some classes on solar energy. It had most to do with budgets and efficiency for where you were located. Then it got into proper placement of a solar panel. From what i learned there, I can see that this car would do great if you lived in West Texas, New Mexico or Arizona...
It's cars like these that are going to make it much harder for Elio to be successful when they come out with the 2019 model. There are too many cheap new cars you can buy today that will be Elio price by 2019 and still have a good warranty. VW is offering now 6 year/72K mile bumper to bumper...
There's no listing in the most current SEC filing that Elio owes IAV anything. As for others (mostly anything Stu is involved with) they own a pretty penny and it'll be paid off from the $100M NASDAQ listing. Other than that, it looks like EM was smart and paid off the suppliers and engineering...
On June 30, 2015 Elio has this listed:
“December 31, 2014. As of December 31, 2014, we had cash of $374,652 and a working capital deficit of $8,446,483, as compared to cash of $869,107 and working capital of $260,884 at December 31, 2013. Included in the current liabilities is a note payable...
Elio has stated that as of June 30, 2017, they had 65,373 reservations. Using the 54 months of reservations equates to an average of 1,210 reservations per month. Since the last reporting is now 6 months old, using forward thinking statements, there are a projected additional 7,260 reservations...
You bring up a good point. Who here (I'm not talking about a youtube video) have driven an Elio? What are your impressions? Handling, NVH braking and acceleration. It might be a good thing for future Elio owners to reference as opposed to the press which I never get the same feel for a car as...
In the 76 week timeline they do not list anything about the Elio stores. In the $531.2M they need, they do. I'm thinking that Elio will start producing the car and then sometime down the road, open those stores. I can't find any date as to when that would be. With some forward looking thinking...
I don't see how this $550K penalty that most likely will not happen is holding up the $530M that Elio needs. On the other hand there is good indicators that the complete funding will be planned to come through in April.
Ideal conditions are if you live in New Mexico, Arizona, southwest Texas, or Australia. These guys are based in Germany and I suspect their perfect conditions are not based in that country at all. Probably the places where I mentioned because there's plenty of classes/books/documentation where...
I don't agree with Paul and Elio Motors' way of doing business. It's shady and barely legal. In the end, it's legal and no matter how upset you want to get, he did absolutely nothing wrong when it comes according to the law.
I found it and you are right. The only thing is, he never said as to when he was going to build them and only planned on using Technosports. So, if Elio built them 5 years from now, then they lived up to what they said they were going to do. Here's what they listed:
"We plan to use Technosports...
In the video the announcer does say that it was an interview with Paul Elio two years ago.
The last video I have seen of Paul was in May of 2017 when he was in Shreveport at his plant. Other than that, only investors and Darth Vader have seen him in the flesh (at least what has been reported)...