RSchneider
Elio Addict
Plus, the cost to build the Elio is only $4388.They did, actually. They had priced out something like 90% of the vehicle parts with their suppliers to come up with the price. The other 10%, they used best estimates based on prices for similar items.
As for the profit, since Elio was going to price it at $5969 and make $1K. That means at $7450 they will make $2481 per unit and at 250K units that's $620,500,000 in profit per year before we add into the profit of the accessories. With that at 20% and lets say people only get $1K in accessories on average, that's $200 profit per unit and that means $50,000,000. The grand total of Elio profit per year is $670,500,000. Elio only needs $411M. Any investor that gives them that money will get a return on their investment 18 months into production. Then after that, they could rake in a half a billion the next year and leave the rest to Elio. After that Elio can keep the rest.
Anyone out there want to make half a billion dollars?