Remember, there's a class action lawsuit against him and Overstock. It's mostly to do with him spending lots of money on all his blockchain business all while Overstock was failing. It comes as no surprise that Elio will be brought up as part of that.
It has a chance as Elio Motors is in charge of the recoding and launch in December. Soon we see what happens. We can see how the new Atari movie (A Fistful of Quarters) did with it's STO last year and then there's a media company (BLOQ) that has partnered with them for a whole string of movies...
I have an account on tZero, so I'll keep track as to when the Eliocoin goes live. Right now, there are two that you can trade. OSTKO and TZROP. I also have been following Elio supporter Patrick Byrne on his website to see if there's any new information pertaining to the Eliocoin.
They probably have to rely on Roush because the VP of Engineering, Program Management and Vehicle Launch hasn't worked for Elio since April 2018. So I never heard who replaced him, thus maybe Roush will handle all of those duties.
Roush doesn't care. As long as they get paid, they will do the work. You need to remember, they do lots of work for dead end projects. This is what prototyping is all about. Some prototypes go to production and others, fall flat on their face. You get paid the same for both. Remember, Roush is...
Here's an apology from Paul Elio May, 2017 in Shreveport. So even though its almost 2.5 years old, it's an apology. He did not show up in Shreveport until a year later after this apology and then it's almost been 1.5 years since his last appearance with the press there but he did apologize. It...
Rivian just got an order for 100K electric delivery vans from Amazon that are to be on the road by 2021.
https://techcrunch.com/2019/09/19/amazon-orders-100k-electric-delivery-trucks-from-rivian-as-part-of-going-carbon-neutral-by-2040/
Too bad Roush does not discuss anything with anybody. So, they will not discuss the top secret stuff they are doing for Elio just like they will not when they are doing something for any other customer. Unless you are a paid employee or approved supplier from a particular customer, they will not...
What I'm bringing up is that it's not a linear relationship. Half the width is double the mileage makes no sense because of things like
- Overall efficiency of ICE
- Overall efficiency of transmissions
- Overall efficiency of wheels/tires
- Aerodynamics
There as many other losses that are...
The SEC filings explain it all. Here's an example from the stock offering to just 22 months later.
In November 2015 (for the stock offering), Elio had a $5,654 BOM for 125K units or $5,132 for 250K. All at a price of $7,600 but they were targeting $6,800. They were to build 25 prototypes and...
As an engineer I want to see proof that it can get the claimed mileage and be built at that cost but still make a profit so the workers can get paid. Then for Elio to make enough money, to not be out of business 6 months after production starts. At this point, there's zero proof that it can be...
I think that trying to do gas and electric is a bad idea. It's way too complex to successfully integrate the two for mass production. You have to pick one and currently, investment is into electric. With mass production you are not in the business to please a few. That's why we have the niche...
The cheapest 4 wheeler is the 2020 Chevy Spark. That's $13,220. With just over 21K priced at $5500 ($7K locked in, $1K already spent and $500 discount) then this isn't counting the $7300 locked in with their discounts and deposit already being paid. Elio has an ironclad contract that they must...
I was on the trip back to the US and seen that the one thread is gone when I got back. I assume it must have turned into an Elio bashing fest after i posted Elio facts. Hopefully people can look at the facts as opposed to dreams and anger.
I'm just looking at what they are telling investors. That's what we need to look at as opposed to optioning it out the way we want it to be. Just like Elio, they have the best of the best and would never give the investors the wrong numbers because that would be lying. Of Aptera, no solar...