It's common knowledge that I go over the Elio SEC filings but this is what I see for what they spent since they were filing:
How much they spent:
2013: $9.9M
2014: $14.9M
2015: $13.1M
2016: $40.3M
2017: $3.7M
2018: $2.8M (up to June 30, 2018)
Total: $84.7M
I see that they spent $84.7M from 2013...
I'd rather have Elio put in a center light to meet the current law as opposed to paying a lobbyist to try to pass autocycle legislation and trying to get an ATVM loan. Right now, all future funding needs to be devoted to finishing it and getting them on the road. Maybe after 2-3 years where Elio...
It for the ones looking to break the poverty cycle too. That's why the price, mileage and Elio gas card are attractive for them and why Elio made it that way.
You are right but it's a play toy. Not a supplement for everyday transportation and it's geographically limited. It's just like a Miata. Yes there are people that use them for everyday transportation but most do not. They use it to take their wife out or go on weekend drives. Thus the reason why...
I'll give you an example. My wife is into the Keto Diet. She knows that I love mashed potatoes. That means, we can't have them and thus the Keto way is Cauliflower Mash. Go and search that and you will find thousands of positive reviews along with the hundreds of great recipes. After two years...
To me it's pretty straightforward. Elio is struggling at raising money As of today this is what they are dealing with:
1. Legacy decisions that have let to an increased amount of debt that will have to be paid and then paid on a monthly basis when the back payments are paid. That means, the...
That sounds like patriots fan talking to a Jets fan when it comes to buying season tickets. Do you buy Jets season tickets even though you never seen next years team play? If you buy the tickets and they have a season that is not up to your expectations, do you give them a bad review or just...
That's like telling a Jets fan that they will not even make it to the Super Bowl next year or Ford fans, that Chevys are better. Fans are the worst when it comes to reviews. You need an outside source looking at it.
Here's what I know about the Solo:
1. Brakes are hard
2. Steering is heavy
3...
I mentioned this before how the hand build ones in Canada were pretty much a homebrew style and that the Chinese ones look much more production ready and polished. At least someone else feels the same way I do about the early 40+ they built in Canada. It's not good PR to have someone drive the...
If Acrimoto is has everything they need, then the reservations will be done by October and then full retail units will be rolling off the line. If they are not fully ready, then those full reservation units will not be available until July or August 2020. The dates will tell the tale.
Also, just so you know, R12 was the evil refrigerant and R134a was the savior and eco friendly. Guess what, we found out R134a is just as bad (bad in a different way). This is why it's being phased out. First is in the foam industry and then AC units.
The AC compressor is always running but you need to remember, it has a valve on the back of it that opens and closes. When closed the compressor freewheels as it's pumping nothing. This is not the compressor is constantly pumping refrigerant. You have to remember, that EPA test for mpg has the...
Looking at Arcimoto, they are lacking in the automation for the assemble line. So that means more labor costs and with the PWN not being at the lower end of it, they need to start producing something and that needs to be the highest profit items. What that does is offset the inefficiencies for a...
So all they are doing is calling the reservationists and telling them that if they buy the $20K version and put down $5K non refundable, then they get moved to the front of the line. So for the $12K people, they wait until they have all of the more expensive ones built. The more you spend...
The good thing is that Eliocoin prices will not be dependent on tZero. tZero is a startup and Elio is a 9 year old company, so Elio has a much better chance of performing better on the STO market.
Best thing to do is strip a car apart. They never account for insulation yet they do on sealing for water. Technically they could take the doors and spray a layer of foam in them and then do the same for the roof. You have another issue. It's the glass. Look at the percentage of the glass as...
It all depends on what you are using for heat. For example, I live in PA and my house has a heat pump. I hate it but I can't get gas and it would cost a fortune to make it into oil. So I live with it. My house is just like an EV with a heat pump and resistant heat. The heat pump is literally an...