As I've said, nobody is going to sue Elio. There are lots of stories out there of failed crowdfunded projects where people put money down and the company goes bankrupt. Many of them never even produced a working prototype. Some never even produced a prototype at all. In the end, the leaders of...
Last time Paul was heard talking was May 2018 in Shreveport.
Last official press release from Elio Motors was September 2018.
Last time Elio Motors filed a report with the SEC, November 2018.
Last time Paul was ever seen on camera was about a 3 second shot of him in Columbus, OH. April 2019...
Remember, ESG was doing the engineering work and design in the early days. They did design and get something made. How much they got paid for the work they did, well it seems to me they made off quite well for the product they came up with. I need to get in that business.
I want to see them crash it like a car. not beat on it with a hammer. I can do that to a Ford Truck. Plus, they started their funding in August 2019. So, it took them a while to get to $2.5M and that came with a private investment. So now they have enough to build a prototype. That means they...
It is out of the three wheeler business. So might as well be out of business then. All they make are maintenance grounds equipment now. Sad to see them done with three wheelers and no plan for the future. I’m wondering if FUV forced them out with their lawsuit against Aryo. Must be because three...
I hope they lighten up the Aptera. That frame holding up that body in white looks like it could support 5000 lbs. So they would have never built something like that if it was to be really light. Just some 1" thin wall square tubing is all they need. Plus someone needs to learn how to weld. Looks...
Too bad to see a three wheeler company fail. The more three wheelers the better! Maybe they should have put in an Ecoboost engine. Then it would give over 100 mpg.
It comes down to common sense. The highways around me have a minimum of 45 mph, so technically the Aroyo is legal. Would I take one out on one of those highways? Nope. I value my safety over trying to prove something. Maybe it's because I'm older and have done enough stupid things in my life...
The Aroyo and FUV were designed for driving around a city or down small streets in suburbia in fair to excellent weather. Just like people do with scooters. There's no way I'd take them out on the interstate here. Just try to drive down the GSP and you'll know. That's just a death wish. When...
In addition to that, people just didn't question his background. They wanted to believe he had all of this experience in the automotive industry when he had very little. His engineering company dabbled in the car industry but mostly was for solar energy. Even at that, it failed. His inexperience...
I never realized that Arcimoto was a startup. I assumed that a company that was founded in 2007 and produced it's first consumer product 12 years later was a startup. That means, Tesla is a startup then. They are three years older than Arcimoto and where Tesla was three years ago, they had 150K...
This shows how FUV has it right and Tesla is failing. FUV has 170K service centers in the US, when Tesla only has 378 globally. I found out there are over 3400 FUV service centers in PA while Tesla has 3. This is why I just bought a BMW. Their eastern half of the US parts distribution center is...
In my business, I have to worry. Nobody hires me if there are no problems. I come from the side where the problems exist and you come from the side of just listening to them and their rose colored press releases. I wish it was a simple as just hiring some people with colorful resumes and the...
What you have to do is be realistic. I find at times that some get their hopes up really high and when the plan does not work out, they are upset (i.e. Elio Motors). This is why having things like SEC filings are good because when you spend the time looking through them, it'll give you a much...
The message I'm conveying is this. You see how hard it is for companies like Solo and FUV to go from producing customer delivery #1 to spooling it up to where they must be to make money. Both companies were celebrating these customer deliveries yet they production rate and financials show that...