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I Think I Finally Found The Fabled '$1,000' Profit Per Autocycle Sold Claim...

Discussion in 'General Elio Discussion' started by Rabrandt99, Jul 31, 2019.

  1. Gene Towle

    Gene Towle New Member

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    It’s getting towards the end of 2019. Maybe the end of 2020. ETC !!!!!!!
     
  2. Gene Towle

    Gene Towle New Member

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    Not a new member. Been all in Spence around 2014. Was a $100 member years before that. My SPL is like 17078. Should be getting my Elio anytime. And I do mean ANYTIME.
     
  3. Samalross

    Samalross Elio Addict

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    Deadline for 2020 production has passed.
     
  4. RSchneider

    RSchneider Elio Addict

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    Elio has been saying this:
    That's been the company line at least the last 38 weeks. So if Elio gets full funding today, that means Elio #1 rolls off the assembly line on January 14, 2021. The key word is "full" when it comes to funding and as to the 76 weeks. It will never happen in 2020. Now all you can do is hope for 2021.
     
  5. Ty

    Ty Elio Addict

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    Paul said the Elio would remain with $1,000 profit. They raised the price to pay for other parts as they figured out how expensive it was going to be. The profit, of course, is above all the expenses including the stores, warranty, etc.
     
  6. Samuel Gompers

    Samuel Gompers Elio Aficionado

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    FTFY Since January 3, 2013 the one reliable constant has been that Elio is 18 months away from production. It's not quite to the universal constant level of c, e, and h, but it's close.
     
  7. Hawk521

    Hawk521 Elio Fan

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    It would appear to me that the $1000 profit on the first batch of Elios sold is self apparent and without dispute. The second batch will have a profit of exactly $100 per vehicle Beyond that there will be no other Elios to account for.
     
  8. Ty

    Ty Elio Addict

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    I know you are being tongue in cheek there but Paul didn't raise the price to make more profit. They raised it as they priced out other parts. The cost to me of an Elio is basically parts + $1,000. As the cost of parts go up, so too should the price of an Elio. Of course, if we locked in prices, we should be protected against inflation. I locked in my price in 2013 or 2014 so the inflation of the last 3 years (plus any hit that sanctions will have on raw materials) shouldn't come into play. I just hope Paul get this sorted out before inflation kills everything.
     
  9. RSchneider

    RSchneider Elio Addict

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    From what I can find in the archives, the Elio was priced at $6,800 back in January, 2013. So I ask, when did the Elio cost around the $5,900 mark? Because I can't find it. I see a bunch of generic numbers but no set price until January 2013. Even on the CNBC piece back in January, it was $6,800. So by inflation and using January 2013 as the $6,800 point, then then $5,969 spreadsheet we are looking at had to of come out back in 2007. Then with $6,800 being the price in 2013, that would mean, $7,490 today and $7,790 in 2021. Then this is not counting the USMCA fee and the trade war going on right now.

    In the end, we are using a $1K profit margin that was calculated back in 2007. That's 14 years from when the Elio will go into production. Other things have changed since then and I wonder if just cherry picking the $1K profit margin is correct too. It was to be a composite body, tube frame car with a specific Elio engine. Yet those have been ditched even though they were taken as fact for many years. Then there was the claim it was all privately funded, going to be built by June 2014 then exported by the end of the decade. So do we keep that $1K profit margin alive and use it to show each other that the company will have a ROI in 2 years? I don't know about you but just glossing over numbers is what gets you in trouble financially. This is not what any of us want's for Elio. The nightmare would be for them to get to about 20K units and shut the doors.
     
  10. lookin

    lookin Elio Fan

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    That $1000 was the $1000 that I sent him.:D
     

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