When one counter has Tesla making over 5700 Model 3's per week and over 217K delivered since July 2017.At the current pace, Tesla build over 300K of them. I just don't know what the split is for US and ROW though. No matter what, 300K is a pretty good amount as Elio will max out at 250K per year.
That's the business plan for a mom and pop store. They really don't plan on expanding, just making it to where they have a war chest of cash to retire on. Tesla needs to burn through all profits because they need to expand and not be a "has been" in 5 years from now. Elio will have the same...
What I see is this. We have to remember that when they say "Europe" it doesn't mean 100% of it. It's certain parts of certain countries. Second thing is the acceptance of new technology. Germany and the Nordic countries are high on this list. So they will accept it and allow it to be implemented...
You've mentioned it about 100 times that Tesla never got back to you. I tested it out on Friday and they answered the phone, took my information, then told me all options of leasing a Tesla P100. They were helpful and in the end no commitment but just information, then I got a followup email...
It's not a scam at all. It's that they never brought in enough money and there was not enough interest in the product. It ran it's course and they finally ran out. Now they need way more money than what they ever raised over the last 10 years to finish the project. Until they raise that much...
I've sat in an Elio and driven a Model 3. I guess since it's coming up on 4 years since I sat in an Elio I just don't remember how much higher it sat.
SUV's are getting popular in Europe too. So the American bug got them. Just like the Pickup craze has got them too as Ford released the Ranger...
Elio Engineering is still in business. March 19th will be their 20th anniversary.
https://ecorp.azcc.gov/BusinessSearch/BusinessInfo?entityNumber=08677356
Elio motors will celebrate their 10th anniversary on October 26th:
https://ecorp.azcc.gov/BusinessSearch/BusinessInfo?entityNumber=15610344
I suggest you read this article from 2016. It'll explain why the Vanderhall was built and what the overall plan is.
https://www.heraldextra.com/news/local/central/provo/provo-man-buying-up-property-and-planning-to-build-cities/article_dd784c4f-9299-5762-b6f7-6dd4628c01c5.html
Plans might change...
There was a documentary that was on Netflix that covered EV's. They were there when Tesla was trying to build and market the first Roadster. If you look at what they were doing then as compared to now, it shows that building within what you can afford, can work. Elon was worried because he was...
You never see the same things as a big time investor. You might get a dog and pony show and that's about it. I doubt you went through all of the FUV financials in detail, looked over the resumes of every employee, discussed milestones that need to be met and if not, what happens, a forecast on...
Elio has lawyers to take care of the $76,500 fine. Paul and the rest are not involved in that as they are not lawyers. Right now it's just funding and that will only happen when the funding floodgates open. When they open, Elio will make a press release before they tell anyone as per the SEC...
This is exactly what happened with the smartwatch startups. All it took was for Samsung and Apple to come in and all of the startups were done. Garmin had a built in customer base with the right engineering and they kept going. The technology was being developed so fast that a startup that had a...
You have to remember, Paul agreed to this deal back in late 2012. Back then it was what he needed to get the company to the point where they could make the high volume to produce the profits at the price he quoted. Downfall is, 6 years later that deal is now drowning the company in debt. You...
Who do you think has bankrolled most of Elio motors? General Public Investors (i.e. reservations and the Reg A+ stock). Elio found they do not invest enough and thus you see where they are at right now. Who has been to Elio Motors? Where is Elio Motors? Elio motors exists either at Pauls house...
He did need them. It's window dressing. The pharm and bio med startups do this all of the time. They need a team and a BoD. When you are getting interest from investors, they want to see that. It gives clout and shows legitimacy.
How that works out in the real world is debatable. I find that...
Would you like it if last year Stu drove the company into bankruptcy and Elio Motors becomes a footnote in the history books? He could easily do that at any time. What do you want him to do?
Would you want someone who's specialty is in real estate to be telling a car company what to do? All Stu cares about is getting his money and he will, no matter what. He gifted Paul the place to work out of and it was up to Paul to figure it out. Plus he's bent over backwards to keep Elio from...
Lots of volume over the last few days and today is another one. Typically when that happens and it being this low, there's some good news coming around the corner.