from the link in post 1509
"And, if you still want in? Fear not, you have time! We are keeping the StartEngine.com link live to evaluate if perhaps our offering statement should be for more than $25 million."
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from the link in post 1509
"And, if you still want in? Fear not, you have time! We are keeping the StartEngine.com link live to evaluate if perhaps our offering statement should be for more than $25 million."
AriLea
Elio Addict
I'm not sure what's surprising. I think we always knew there were three opportunities with the P5-P25,
1) Duh, safety validation
2) Few more Elios for showings and maybe driving. Preformance validation etc.
3) Development and refinement of Design, production processes and tooling.
The only things left would be replication of the tooling, facilities completion and releasing the parts orders. ( and a hundred other sundries )
AriLea
Elio Addict
Sorry I meant reactions in the open news to that.
Back to work for me, actually found something that needed doing!
I was a bit surprised that so many ("by ultimately crashing 22 of these 25 vehicles") will go for crash testing .... I thought more would be used in the sales end of the business by having more on tour and being used to provide test drives for media and reservation holders
Ty
Elio Addict
I would think they'd have more for sales but if you think about it, sales are fine right now. They have a couple month's worth of orders already and once they start building them, the people who are uneasy about plopping money down on the chance Elio succeeds will come out and start buying. It is cheap enough that people should almost be able to impulse buy them... Well, not me but someone... Anyway, I think by the time production starts, extensive safety studies and crash testing will go further to selling more units than showing the Elio around more. I mean, mainstream media has driven it on TV, it's been available to their major markets to see... Most of the people who would actually go out to see the Elio have already done so. If you are thinking "Yeah, but if they could drive it, more would put money down.", well, how many people could actually get a test drive in during a 10 hour day? 40? 15 minutes to be introduced, told the rules, get in, drive, get out, talk a bit... Anyway, it doesn't seem like it'd really be worth doing. Now, having one for national press to drive around (Car and Driver, I'm talking to you), could prove to reach a wider audience.
AriLea
Elio Addict
I really have to agree. If all 240k reservations aren't actually taken before production starts, the first 1k units on the road will trigger 10k+ in reservations. That will in turn trigger 100k+ until all 240k are reached.
Impulse reservations are the thing until year2, only then actual direct impulse buying can happen.
Ekh
Elio Addict
I think actually being able to drive one -- P5, not P4 -- is important. Handling, noise levels, acceleration, all those very physical things -- to me (and to many) are really important, whether it's a $6,000 car or a $60,000 car. The prototype can't provide answers to any of those questions. Maybe some form of Oculus Rift display one could try? But I'd rather drive one in person.
If Elio keeps being smart, they're going to keep ownership of a number of early vehicles just so people -- reservation holder in particular -- CAN get a physical experience of the car before buying.
Ekh
Elio Addict
Not to mention hiring and training 1500 workers, building the distribution system, and creating real-world (as opposed to merely computer) marketing campaigns.