Why not contract Vanderhall to build 100 signature edition Elios? They are in Utah and have experience at building fwd reverse trikes plus they can't be using all of that 1M sqft building they broke ground on back in October. Sell the signature editions to people that buy X amount of Eliocoins...
I think that rich people will spend whatever it takes to get an Elio and get in front of the line. If it means spending $50K to do it, then I'm all for pushing everyone back in the queue. Plus those rich people will be driving around in their Elio and building a demand for it. Even the Hollywood...
Sounds like to me that you just don't want to wear a seat belt in a Tesla. The third passenger was ejected from the car which is because that person wasn't wearing a seat belt.
You have to remember, the Aston Martin V12 Vantage is in the 2 seater class (the smallest class the EPA has) and the Elio is a 2 seater. It costs around $210K and only gives 10/16 mpg. So, I could see people buying an Elio over an Aston Martin because of the fuel savings and less depreciation...
From Pat Byrne:
https://seekingalpha.com/article/4171578-overstock-coms-ostk-ceo-patrick-byrne-q1-2018-earnings-call-transcript?page=12
https://seekingalpha.com/article/4171578-overstock-coms-ostk-ceo-patrick-byrne-q1-2018-earnings-call-transcript?page=11
Looks good for me. I can just take...
Manufacturers do their own testing first since they know the specifications they have to meet. For example, the Alfa Romero Giuila delayed for 3 months because they (Alfa Romeo) discovered that it was never going to pass US crash standards. So, they fixed the issue with the A-Pillar and thus...
So they started in 2009 with the design parameters of a tube frame and plastic body. Then 7 years later it took a consultant to tell them that it's not the way to go. If that's the decision making process within the Elio motors corporate structure, then they are doomed. Elio Motors was going...
I am not buying the idea that somehow someone came up to them in 2016 and said, "You know it would be lots cheaper to make your car like 99% of every other one on the planet and you did acquire a massive steel stamping operation in 2013." Elio had to have been told that 1000 times from the...
What the NDA will not do is keep Paul from telling them that he's committed to bringing jobs to Louisiana. Expect him to say that twice. This is good news because it'll shut down the state of Louisiana and their frivolous fine against Elio Motors. Now we don't have to worry about that any more...
A few years ago I bought an Abarth at an insurance auction with 15K on it. It was in a front end accident and blew the airbags. I literally bought it for $900. Then I bought a front clip from another Abarth (the same color and rebuilt the front end). Found a steering wheel and dash (both are no...
I'd like to see a Speedster version. Convertible with a cut down windscreen. The open front fenders with chrome wheels with chrome moon hubcaps. I'd have mine in black with brass insignias and Super 55 on the back (as for any of you old Porsche guys remember the Super 60 and Super 90, the number...
They will never need stores. With the 65k on the road, they will sell themselves. Overstock will process the orders and within a day or two, the Elio will be in your driveway.
You are mistaking what the debt is. It's no different if you started a business and borrowed $10M. Even though you are making the payments, you are in debt $10M minus whatever payments you have made. As long as you make the payments (i.e. loan, payroll, lease, loan...) you look just fine. Case...
It makes perfect sense to me. Before the stock sale to Overstock, they were not looking good. With the 2.5M, they will be able to pay two of the three sources of debt. That would be catching up on the loan payments (for the equipment) and lease payments (for the building). On;y other thing left...