If you want to blame the reason why investors are not giving us what we need, it's because all of that money is being thrown at what we want (EV's and autonomous). I can tell you that in manufacturing, those two are the buzzwords and where people are directing their attention. maybe they will...
Jones trading is placing those Eliocoins. They were doing it through October 15, 2018 (which was a year ago). Hopefully they got that $25M filled and the Eliocoin can go live come December.
Last time I checked from the SEC filings for the equipment. They took out a $25M loan, sold $3M of the equipment they did not need, have $3.9M left on the loan (as of June 2018) and devalued it to around $11M (for tax purposes).
Then they have been making lease payments on the plant ever since...
This thread is about what happened in 2015. The way I see it is that Elio’s total budget needed to be over $600M and they raised about $100M. First was from private, then public via two different methods. The picture that was painted was that it was ready to go to finding will happen to silence...
Hari left Elio Motors to do this, but stayed on the BoD:
https://www.eliomotors.com/former-coo-of-elio-motors-launches-car-subscription-service-yoyo-press-release/
It looks like that company went belly up. So now he's onto another adventure of him being a Serial Entrepreneur and CEO of this...
I found it. Instead of a mystery source of information about funding, I went to the horses mouth where's it's documented. I found that Elio Motors was privately funded back in early January 2013. So it was funded and production should start in June 2014.
Q: Where's the funding coming from at...
I looked to see what I could buy for that $25K average price for a sedan (this is including S&H which the Elio does not tell us what that will be):
VW Jetta R-Line
Base Nissan Altima
Honda Insight
Base Camry or Prius
Base Optima
Kia Niro
This is what you are comparing against. Plus all are...
Why are you comparing a $25K sedan vs a $7450 Elio. That's like comparing a $4 quart of fried rice to a $30 meal at a restaurant. How about compare the cheapest new car that exists right now vs an Elio. Then compare the average mileage of each. For example a $12,500 Spark vs a targeted $7450...
For everyone that needs an Elio, how have you been able to survive up until now? How are you going to survive the next few years? With the economy in the toilet and used cars way too expensive, you might have to look into something to fill in that gap until you get your Elio. What are your plans?
I have never found any information about funding being refused. All I found was this:
and this:
The way I see it, it's just hearsay and that's it. So I do not believe any of it. Especially when these quotes are 4.5 to 5 years old and we have seen how this all has turned out.
Some of the other...
What computer modeling software did Elio use? There's more than one and some have proprietary software.
Plus, Elio has said lots of things and down the road we have found out that they have not turned out very well. For example:
-Multitude of Production dates
-Space Frame Chassis
-SMC Body...
Let's say that Stu sends Paul and email about this. Something along the lines:
Paul,
I got an email from one of your reservation holders. I wanted to pass it on and plus to tell you to get off the pot and do something.
Sincerely,
Stu
With this, what do you want to see Paul do?
Stu doesn't care. He's in the real estate business. The guy is 70 years old and a billionaire. I doubt he's worried when it comes to a lawsuit or being banned from being on a BoD. I bet his businesses and himself have 20-30 pending lawsuits going on right now from various things that have...
You need to look at a few other things before you claim victory for Elio. The Spark:
1. It's made in South Korea with lots of parts from India (which makes dirt cheap components). Thus cheaper than making it in the US with 90% USMCA parts as Elio does.
2. It's a compliance car. That means, GM...
What it demonstrates is how there's little investment when it comes to 3 wheelers. There's never been a mass produced 3 wheeler that has been successful in the US. Elio, SOLO, FUV, Sondors have all proven that the funding is not there. Each one is either stalled or trickling out product. The...
You need to tell Elio motors this then. Because that's all they have been doing. Comparing it to cars and trucks. I agree with Elio motors on this because you must compare it to cars as that's the market they are trying to get into. Case in point, this blog they have published twice...
That's the reason for the class action lawsuit. Pat used Overstock as sort of a personal piggy bank all while Overstock business was hurting. When you are a public company, you have to be careful and not just draw from that company, for your personal pet projects. It's pretty obvious that the...