Maurtis
Elio Addict
That is assuming Elio Motors' assets get sold. I was referring to the case where they stay in business but need to make changes to reach production. So not a new company, but the same company with outside funding.
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Atvm News - 2018 Fed Budget Proposal
- Thread starter airforceguy6
- Start date
That is assuming Elio Motors' assets get sold. I was referring to the case where they stay in business but need to make changes to reach production. So not a new company, but the same company with outside funding.
booboo
Elio Addict
Great addition to the discussion airforceguy6 .
I would add it is only a proposed " Budget Blueprint to Make America Great Again "
I would also wonder if this means this administration will not give a fair review of Elio's ATVM application.
" Eliminates the Advanced Research Projects Agency-Energy, the Title 17 Innovative Technology Loan Guarantee Program, and the Advanced Technology Vehicle Manufacturing Program because the private sector is better positioned to finance disruptive energy research and development and to commercialize innovative technologies."
https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/2018_blueprint.pdf
I would add it is only a proposed " Budget Blueprint to Make America Great Again "
I would also wonder if this means this administration will not give a fair review of Elio's ATVM application.
" Eliminates the Advanced Research Projects Agency-Energy, the Title 17 Innovative Technology Loan Guarantee Program, and the Advanced Technology Vehicle Manufacturing Program because the private sector is better positioned to finance disruptive energy research and development and to commercialize innovative technologies."
https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/2018_blueprint.pdf
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I don't think that there was any serious consideration of Elio to begin with. Their financials were, and still are, a nightmare.
Grumpy Cat
Elio Addict
Are you telling me that a company who hasn't even started production has horrible financials? Color me shocked! /heavy sarcasm
Most successful start ups are well funded. There is usually enough money to keep them going until there is a revenue stream.
booboo
Elio Addict
Not really.
"According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.Sep 12, 2013"
Grumpy Cat
Elio Addict
booboo
Elio Addict
slinches
Elio Addict
Yes, acquiring sufficient funding to get to the point where they can produce revenue is how start ups become successful (by definition). No start up is ever fully funded at the first conception of the idea except those that are self-funded by the guy who had the idea or has very small capital requirements.
Additionally, the wording in the budget proposal is straight out of the Heritage Foundation report. It's likely that there will be substantial deviations from that and the ATVM loan is as likely as any to be among the items spared from the axe. The program is at worst budget neutral so it won't show up in budget savings numbers and there are a couple of congresscritters who will have an interest in keeping it around.
Additionally, the wording in the budget proposal is straight out of the Heritage Foundation report. It's likely that there will be substantial deviations from that and the ATVM loan is as likely as any to be among the items spared from the axe. The program is at worst budget neutral so it won't show up in budget savings numbers and there are a couple of congresscritters who will have an interest in keeping it around.
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