floydv
Elio Addict
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Ekh
Elio Addict
The locked-in poll has been running for two weeks. It bobbed around at first, but has been stable for the past week at abut 93% yes, 7% no.
When it's that consistent, it's saying something real, about this group at least.
What concerns me a bit is that we are the aficionados, the gung-ho, the faithful. If 7% of us are reluctant to sign a statement of commitment, what percentage of "wash-outs" (a convenient term for all-inners who won't also commit) can Elio expect from the much larger and much less dedicated pool of all-ins?
If it drops below 75%, I'd see that as a real problem, and under 50% as extremely serious. On the other hand, 65,000 is not a number written in stone by the DOE; it's an arbitrary number Elio set in order to get something solid to the DOE in the near future. I know they don't expect 65,000 commitments -- in fact, they're expecting a significant wash-out percentage.
That's why it's so important for Elio to communicate accurately, often, and clearly about the commitment business. They've started to do that, and I sure hope they continue.
When it's that consistent, it's saying something real, about this group at least.
What concerns me a bit is that we are the aficionados, the gung-ho, the faithful. If 7% of us are reluctant to sign a statement of commitment, what percentage of "wash-outs" (a convenient term for all-inners who won't also commit) can Elio expect from the much larger and much less dedicated pool of all-ins?
If it drops below 75%, I'd see that as a real problem, and under 50% as extremely serious. On the other hand, 65,000 is not a number written in stone by the DOE; it's an arbitrary number Elio set in order to get something solid to the DOE in the near future. I know they don't expect 65,000 commitments -- in fact, they're expecting a significant wash-out percentage.
That's why it's so important for Elio to communicate accurately, often, and clearly about the commitment business. They've started to do that, and I sure hope they continue.
floydv
Elio Addict
It's hard to believe 65,000 is a completely random number that EM pulled out of the air thinking it would somehow satisfy DOE and the ATVM loan officer. I think it's much more likely the 65,000 figure was reached through mutual negotiations and reflects an expected combination of a desirable commitment rate (I prefer to use positive terms) somewhere between 1 and 100% and non-commitment market interest.
TCBronson
Elio Addict
I have wondered where EM got the 65000 goal?
Lynn D
Elio Addict
According to : http://elioowners.com/threads/elio-motors-the-other-breakthrough-car-company.7649/#post-160827 It came directly from the government loan people.