Elio stock sat below $3 since the end of January to the Overstock announcement (April 23). It was $2.61 and peaked at $4.70 on June 13 and closed at $4.60 yesterday. Elio stock right now is similar in price back on Oct 26, 2017. I do notice that just before an announcement (SEC filing and...
For the engine, back in May 2017 when Elio released the year end 2016 SEC filing, they had this:
As of the most current SEC filing, only one mention of Linamar:
So, I don't understand why the $45 to $50 million is left out today as opposed to a year ago (along with Aisin and Hyundai Dymos)...
The E-Elio would have been a good idea 10 years ago, not today. Here's why:
1. The EV investment ship set sail a long time ago and Tesla is at the helm.
2. The Chinese are way ahead of us in small EV vehicles. If they would just make a 3 wheeler, they could flood our market with cheap ones...
The SEC probably has a gag order on Elio. So, they can't tell you anything about business plans, timelines or fundraising. This is most likely why Elio has been silent on all of these subjects.
I look at what Musk is doing, is just pushing technology. From what I see it's working and what we really need here in the US is someone giving us that kick in the pants to keep moving forward. The car and space industry seemed to me to be stuck in a phase where technology was almost at a...
That's how my VW works. I suck the oil out through the dip stick and while that is going on, just change out the filter (which is about 6" from the oil fill). By the time I do that, the oil is all out of the oil pan. Then I fill it back up. It's almost too easy.
I test drove a new VW Tiguan and it had that feature too. My current VW has just a rear view but it's pretty funny what they did on the camera because it's hidden and part of the rear hatch release. One thing is, it's never dirty. Here's a video I found of it's operation.
They should be using the production line. That's what they will need to do initially to figure out the bugs in that system so they can fix it before they do round two with the 150 or so batch that follows. It doesn't have to be fast just one station at a time. Preferably with the engineers...
Plus you can add options later. If you want the different front fenders, you can get them 6 months after purchase. That's another way for Elio to make some money. The only issue could be the aftermarket because they will be all over that car right after it comes out.
I agree. What I think that companies are doing that want to do an STO are looking at it as the new way of doing something and thus people spend money on it without looking into the details. Then when a bunch of people get burned, people wise up. Sometimes you need to get on the bandwagon early...