I read a few articles that discussed the possibility of an Ohio assembly plant and an affirmation regarding the 2019 production timeline. I understand that they have been down this road before, but does anyone know if there are currently prototypes being driven around as testing units or is...
Late last year I discovered the Elio. I wanted to purchase one began to do research. After seeing the reported health of the company I was very surprised that the website was still taking deposits. I understand the folks who truly believe and want this car to be made, but the facts are the...
Im a Model 3 owner and I can tell you that it's the best car on the market for 35K. I paid a lot more for mine and it has changed my entire view of transportation. Operating costs would be similar to the Elio with regards to gas and maintenance. At $2.5 per gallon, the Elio would cost about 3...
I hope you are correct. From my point of view I see it as an uphill battle. We agree that they have raised over 100M in cash and have no money left on the balance sheet. In fact, they have a liability (debt) of 100M as of 2017 which any future investor will need to consider. My point is that...
I truly hope that this vehicle comes to market, but my research and business sense leads me to believe that will not, at least in its current form. I find it hard to believe that they blew through that type of money. A quick review of their SEC filings is staggering, almost alarming...
Thanks for that awesome summary!
Their website states that they have raised over 100 million dollars (unfortunately their sec filings stated that they also have spent over 250 million). I’m guessing that this would have yielded some amazing technology, if not any working vehicles. If it’s...
I found out about the Elio researching cars on youtube. I saw some videos of vehicles being driven around and found the idea to be amazing. Doing further research has landed me here. Is this project still moving forward? I emailed and called the information on the Elio website with no reply...