By the end of 2017, Elio had only $7,155 in the bank, and deficits of $49,674,327. Elio's own estimate was that an investment of $376.6Mil plus an additional $110.5Mil in reservation deposits would be necessary in order to go into production. Throughout 2018 and beyond, reservation deposits remained closed, and there was no concrete plan in place to raise the nearly half-billion dollars to proceed. Despite a lack of transparency as to their path forward, Elio announced a December 2019 production date. Elio continually responds to production timeline inquires with this quote: "The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. The timing and availability of the funds can move and we will do everything we can to keep the project moving forward by utilizing each piece of funding received, as we receive it." There had been no indication throughout 2018-2019 that any fundraising was occurring.