When your investors are people laying down $100 - $1000 reservations, then you are correct. When investors are looking at much larger numbers, then it's a different story. They want a big return on their investment, the crowdfunded people don't get a return on their investment financially, they...
That's never going to happen and I know it's been brought up before. I have always wondered that if you did the commit to buy, will Elio force you to buy the car? Commit to me means you must do it. If that's the case, no matter what Elio makes, the first 21K people will have to buy it no matter...
Just like the Microbus I seen at the LA auto show back in 2010. It was "production ready" and to be built in the new plant in Chattanooga and on the road in 2012. It was even going to be a TDI. That's what the rep told me at the show and there were some articles about it. It was like the Elio...
That petition is over 3.5 years old. If it never gained traction back in May 2015, it's never going to. People like to do these petitions buy the only ones that ever seem to work is if people want a TV show put back on the air. It's only got 465 signatures in all that time. I wouldn't worry...
I believe that was going to production just like the various VW Micorbus concepts that were to have hit the showroom over the last 10 years. As for the specs, it was about 90 lbs lighter than the Elio. As for the engine, it was just a run of the mill Polo unit. Nothing special. What the Elio...
When I read about American manufacturing and what Elio has been telling us, I refer to VW. They opened that plant in 2011 and now employ 3500 people. The Passat is 85% North American Content (5% less than the current Elio). They started with the Passat, added the Atlas in 2017 and now the new EV...
I did find in the latest SEC filing this (as of June 30, 2018):
$7K locked in commit to buy - 21,195 units (total discounts - $15,637,455) (average of $737.79 per unit)
$7.3K locked in non commit to buy - 36,597 units (total discounts - $15,626,030) (average of $426.97 per unit)
Total...
One thing nobody has touched on is the current liabilities of the company. This is something that you cannot avoid. If you read through the SEC filings, they are accumulating debt on things like lease payments, payments to CH Capital and payments to Racer Trust. They keep extending these and...
Here's a milestone that was in January 2016:
"Elio Motors today announced it has taken another major step forward by beginning the production process for its E-Series of engineering and testing prototype vehicles."...
This is one of the best products I've seen in a long time. I've seen it in person on racecars and it looks as good as a brand new car.
http://rethinkpaint.com/
Honestly, you still have to pay yourself. I don't really care and that's up to the business itself. Only thing that matters is getting it going. If that would take hiring 5 people and paying them $500K for a year, then I'm all for it as long as they get the results.
I could do it and would in a heartbeat. On the other hand, I don't want to ruin my life on something that I don't see that would be successful in the long term. I could easily see a divorce in my future and me living in a trailer just trying to hope I get this thing going. I've watched too many...
Not really. What it shows everyone is that with social media and the internet, it's hard to back away from what you said. This becomes something that ends up being where an investor will look at this and then ask today, "What happened?" and "Why should I invest in you?" If it was Paul talking...