Atvm News - 2018 Fed Budget Proposal

[RSchneider]

Since the ATVM loan program is on the chopping block, I bet there was memo sent out to the DoE to stop all ATVM loan progress until the new budget is approved. If the ATVM loan stays, then continue with the program. It's pretty much in a holding pattern.

Three months ago I thought this administration was going to green light the loan due to creating new American manufacturing but watching how we are back to politics as usual and everything moving at a snails pace, I have changed my mind. I don't see them getting behind this at all. On top of that after checking into the loan, Elio is far from qualifying for it and the main problem is them not having a product ready for commercialization and no proof that it will give the minimum mileage requirement. If they do, they better get on the horn with the DoE right now because time is running out.

Good thing is, Elio is not relying on the ATVM loan, so we probably don't need to be worried if they never get it.

 

[acentre]

Since the ATVM loan program is on the chopping block, I bet there was memo sent out to the DoE to stop all ATVM loan progress until the new budget is approved. If the ATVM loan stays, then continue with the program. It's pretty much in a holding pattern.

Three months ago I thought this administration was going to green light the loan due to creating new American manufacturing but watching how we are back to politics as usual and everything moving at a snails pace, I have changed my mind. I don't see them getting behind this at all. On top of that after checking into the loan, Elio is far from qualifying for it and the main problem is them not having a product ready for commercialization and no proof that it will give the minimum mileage requirement. If they do, they better get on the horn with the DoE right now because time is running out.

Good thing is, Elio is not relying on the ATVM loan, so we probably don't need to be worried if they never get it.

What loan is Elio relying on to fund the start of the production line?

 

[Samalross]

What loan is Elio relying on to fund the start of the production line?

I think that Paul has a good feeling about his Powerball numbers.

 

[booboo]

Since we are talking about Elio and funding here, I thought this other start up funding would make for some good reading.
https://www.bloomberg.com/gadfly/articles/2017-03-16/tesla-raises-1-15-billion-just-an-appetizer

 

[acentre]

Since we are talking about Elio and funding here, I thought this other start up funding would make for some good reading.
https://www.bloomberg.com/gadfly/articles/2017-03-16/tesla-raises-1-15-billion-just-an-appetizer

at least Tesla has a product on the road...

 

[Grumpy Cat]

at least Tesla has a product on the road...

And bleeding cash!

http://money.cnn.com/2016/09/01/investing/elon-musk-cash-crunch-tesla-solarcity/

http://dailycaller.com/2016/06/22/economist-tesla-bleeds-cash-like-a-game-of-thrones-battle-scene/

 

[acentre]

And bleeding cash!

http://money.cnn.com/2016/09/01/investing/elon-musk-cash-crunch-tesla-solarcity/

http://dailycaller.com/2016/06/22/economist-tesla-bleeds-cash-like-a-game-of-thrones-battle-scene/

Investing in new model and supercharger network. The only automaker to invest in an electric infrastructure.

 

[Frim]

I don't see it that way.

It is possible that Elio is one of only three $1000 mistakes that I made last year. However, if not, I got a good return on the money.

 

[Grumpy Cat]

Investing in new model and supercharger network. The only automaker to invest in an electric infrastructure.

So when have they have posted a profit? They bleed over $500B a year. Have you done any research on Tesla?

 

[booboo]

My suggestion: If you have a Republican Congressman, let them know about your Elio/ATVM enthusiasm.
“Presidents propose, Congress disposes,” said Rep. Hal Rogers (R-Ky.) the former chairman of the House Appropriations Committee. “We’ve not had our chance yet.”
https://www.washingtonpost.com/powe...047d15a24e0_story.html?utm_term=.10e457e0f9ac