If Elio can get past stage 2 then they might get it. There current financial situation will not allow them to pass that stage. They could wait indefinitely or until they shut the program down. Even if they do pass stage 2, the ATVM people might ask for a completed car to prove it meets the...
Just wait until someone hacks into that chip. The thermostat will go down to 60 degrees, TV switched on full blast, stereo cranked up and the coffee maker will be on all while you are not home. Then everything goes back to normal when you get home. The following month, your electric bill be 5X...
I got to hand it to Elio, they did say, "unique perspective" and I don't know about you, but the sarcasm meter went to 100% on that one (unless someone hacked into the chip on my meter).
Let's start with the uplifts. There has to be plenty of them. So I'll start:
The Elio gives up to 92mpg and the ATVM loan only requires 75 mpg. Thus Elio has exceeded the ATVM loan specification by 17 mpg. The technical criteria has been exceeded.
I was giving a hypothetical scenario. Because in February 2016, Elio needed $12M to build, test and validate 25 E-Series. They got $16M. So, the excitement had to of been that the ATVM loan was now a given. We all know the rest of the story but the whole thing ended up being a letdown for...
During that talk, Paul did admit to doing something wrong. It was not showing up there in the area and keeping everyone updated. I just wonder if he's showing up on a regular basis down there, keeping them informed and thus the reason why they laid off of him.
Here's what confuses me. Paul and Hari knew each other from before ESG Engineering. They co founded ESG Engineering where Paul is the President and Hari is the VP since around 2000. So they must talk a lot and know each other pretty well. ESG Engineering did engineering work for V-Vehicle from...
If you could provide the source for that, I'd like to read it because that's the first time I have ever heard that they needed 65K fully paid purchase orders. If the ATVM loan people made this a requirement, then I can see why Elio Motors would be really upset. I do know that they needed to...
I noticed when the Caddo Parish was on his case back in May, the day before Paul was to meet with the Caddo parish and held a news conference at the Elio plant, this blog came out:
May 10, 2017
https://www.eliomotors.com/an-inside-look-at-manufacturing-and-launch/
May 11, 2017...
Elio has this as the 5th line item on the list of what they need for funding as of August 2017:
They have a total budget of $147.8M for the car and they have spent 42% of that so far.
Ford has until 2022 to pay off the loan. They are making payments on time with interest. Same for Nissan. I would call that credit worthy. Plus, the interest that the DoE is getting is actually allowing them to make money on the ATVM loan project.