Micra is not sold in the US and the Spark starts at $13K for the US market.
The point being, there are plenty of used cars out there for Elio pricing. They are pretty new and low mileage cars. Ones like the Ford and Kia have much better warranties being certified pre owned. The price of an Elio...
All of this could be resolved. Elio caused all of this discontent due to what they did in the past be not living up to their promises. So, it's up to them to clear the air. One thing that Elio should do is put a thing on their website where you can email them your questions. Then in a week, they...
"How many parents will get their college kids an Elio rather than a almost dead used car?"
The Elio is a projected $7450 and that's not counting destination fee. Let's say the destination fee is $500 (which is less than any other destination fee out there that I know of). So, that brings the...
How about just get another radio that has a pop out screen and then install a backup camera? There are a number of units that do this and not that expensive. Just go to Crutchfield and they have lots of options.
You have to remember where the info is coming from. Elio is going to portray the best case scenario. It's like by me, when they put in the casino. The impact study the casino had done, sounded great. Then after two years, the jobs and money was about half of projected. Then the casino needed to...
What Elio could do is replace the instrument cluster with a digital one that has a screen. More and more cars are going in that direction. Think of it as like a tablet as your instrument cluster. With the price of electronics today, it's got to be cheaper than building a traditional one. You...
I hope you realize that there probably needs to be at least 50 different stamps made to build the car. Add into that, their last E car (the black one) is not even close to being mass produced (I know I brought that up before but nobody seems to want to believe it). Then you need all of the molds...
You can't build a fleet of cars unless you have a car to build. If I needed a fleet of 20 cars, I'd never take an Elio unless I knew it was properly tested and certified to meet some sort of federal standard. Just the liability of having an employee getting into an accident, hurt and then...
With no news coming out of Elio, it's just the market doing it's normal fluctuation for this stock. Just a few weeks ago it was around a $1 higher. I just think when the next SEC filing comes out, that will be the day of reckoning. Could be good or not.
You need to remember, I'm spelling out a scenario. I'm not giving compromises that must be done, just examples. I think that most can agree, the current business plan has actually not been working for a while. If it was, then the dozen or so timelines that Paul told the world would have had at...
First thing to do is for Elio to change his business plan. Obviously the current one is not working. Many businesses could be saved with a huge influx of cash but that's just a band aid solution and it's not the right direction for Elio. Paul can't keep standing out at an intersection with a...
Didn't Elio raise something like $17M to build those 20+ engineering vehicles? What happened to that money? That would be like if you gave me $17 for 20 tacos and I give you 3. Would you accept that?
Tesla has lots more private funding in the form of cash since the owner was bankrolling it. Elio does not have that kind of cash because I don't remember reading anywhere how he hit it big selling something or winning the lottery. He went from middle management engineer at a supplier to shutting...
Exactly. Plus they actually sell a tangible product and the loss side keeps getting smaller. So far, Elio has sold an idea and has little in the way of assets.
My guess is that Stu knows that deadlines have been missed many times, the twentysomething E cars have not been built which leads into the 100 cars for fleet can't be built. I think when Stu calls, Paul answers and can't package his response in a neat blog with pretty pictures. There's a factory...
Remember. Existing automotive manufacturers are diversified among various segments in many markets and have a multitude of products. As for Elio, one product for one market and pinning the hopes that it works. A manufacturer might lose money on certain products but make a boatload on others...
The key is cash flow. You can still lose money but as long as you are bringing in a good amount of money, you can survive. I think that's the major problem with Elio right now.
Without anything coming in, you do get to the point where even the IRS starts to take a look at what you are doing...
I can't imagine that anyone would do a $1K profit on a car (used car dealers make more than that). All it takes is a recall or assembly line rework to turn that into a negative. The issue with Elio is they have one product for one market. This is not like where VW can get hammered by the US...
Remember, that's a review from 2014 and by a car magazine that over exaggerates anything. Plus, its a delivery van and not really designed to be a family vehicle made for the ultimate comfort (the USPS and FedEx have bought a boatload of them, so they can't be that bad). The RAM Pro Master is a...