First thing is, they stopped taking reservations. So that's a moot point.
As of now, Elio has very little assets. The plant is leased, not an asset. The equipment still needed $3.9M to pay it off (from June 30, 2018). So I doubt Elio raised that money and paid it off. In the end, unless it's...
I know for the last 6 months that I've been trying to get a reservation on an Elio, it never works. Maybe you should try it and see what happens. At least for me, I have a credit card in hand and ready to get a few and it won't let me. I've tried everything from a $100 want in to a $1000 all in...
I see why. That three wheeler normally costs $3,520. That's more than half for an Elio if you put money down early and locked in on the $7K price. It looks like to me it's a $500 item and no more.
It's interesting that those numbers from McLaren are from a calculation and Elio claims the up to 84 mpg via simulations. In 9 years, we went from McLaren, to IAV, to a sourced off the shelf motor. I wonder what the official mpg is of the latest Elio with this new motor? McLaren got the Elio...
It was originally called Trikke.
https://www.theoaklandpress.com/news/startup-auto-firm-eyeing-pontiac-plant/article_5a53f666-dcc3-5e18-8f8e-31571cb60e62.html
Seems that Pat has been silent for a while. I wonder if he and Paul are hammering out the final details on the Eliocoin on that South Pacific Island Pat has been at.
I wonder who is the new VP or Fleet Sales is? Brendan Carey was running that division at Elio motors up until February 2016. One of the press releases beck in 2014 was that the average price of a new car is $30K and the Elio will save a municipality $23K per vehicle. That's a big savings and I...
Here's what the basis of the lawsuit and what they want done:
"They keep accepting reservations for cars but they have no problem delaying and pushing back the release date of the vehicle. This petition should at the very least, garner enough support to initiate a class action lawsuit that...
You need to write Paul Ash. He's doing the class action lawsuit and originator of the petition. iPetition only hosts the petition and they are on;y good to give you Paul Ash's contact infor. The first comments were in May 2015, so that confirms your 2015 date. Looks like when it hits 1000, this...
They had like 30 of them at the F1 race at COTA last year. They were driving all over the place taking people here and there. I just assumed it was a bunch of Chinese EV's that were part of the traveling F1 circus. Sort of like all of the companies that make over the top big watches and Mens...
There's a guy in NJ that makes brand new Tuckers which are probably 100X better than the original but look just like the original ones. They used an original body for the molds.
According to Elio Motors:
Page 10 from the last SEC filing:
https://ir.eliomotors.com/all-sec-filings#document-380-0001140361-18-042917
From Elio Motors, they have only completed 1 of 4 steps. They are stuck on completing Step 2 which is confirmatory due diligence that relates to...
Thank you for pointing out a typo. As we know it's all about perfection here on this forum. Technically in the automotive world:
FL - Front Left
FR - Front Right
RR - Rear Right
RL - Rear Left
For German Cars
VL = Front Left
VR = Front Right
HR = Rear Right
HL = Rear Left
I assume you made a...
The numbers are worse than that. Let's take a company like Ford. They make lots of different vehicles all over the world. So they can absorb those costs into different models. Think of it like lost leaders in a grocery store. You can lose money on some, make a bit on others and a bunch on...