Jalopnik Article On Elio May 1,17

[srt6]

http://jalopnik.com/elio-motors-says-it-needs-376-million-to-fund-producti-1794816478

A friend pointed me to this article. I don't know jalopnik, I've never read their articles, I don't know if they piss upwind or down or if they secretly sleep with motorcycles and are trolling elio. But here it is.

 

[Grumpy Cat]

They are anti-Elio.

 

[srt6]

Are they wrong?

 

[slinches]

Wrong about what?

It's not that they post factually inaccurate information, it's that they use misleading language to make benign, but technically accurate, information seem like damning evidence of impending doom.

"Elio reported that its total accumulated deficit as of Dec. 31 is $141.14 million. Yikes." - Jalopnik

Yikes ... really? For reference, Tesla's accumulated deficit is somewhere around $3 Billion. And as we all know, that company is doing extremely poorly ...

 

[Gas-Powered Awesome]

They spent $141,000,000 and produced nothing in nine years, and need $376,000,000 more to get started?

Game over.

It was a fun ride.

Bye guys, I'm out.

 

[acentre]

I guess it is over. I wonder which trip across America my deposit went towards...

 

[slinches]

They spent $141,000,000 and produced nothing in nine years, and need $376,000,000 more to get started?

Game over.

It was a fun ride.

Bye guys, I'm out.

You call five prototypes, three engineering vehicles, a production facility and all of the engineering drawings and simulations we know they have produced ... nothing?

I guess we have different definitions of the word.

 

[Maurtis]

They spent $141,000,000 and produced nothing in nine years, and need $376,000,000 more to get started?

Game over.

It was a fun ride.

Bye guys, I'm out.

 

[pistonboy]

The world of business finance is different from the world of household finance.

The bigger the business, the bigger the difference.

I have no idea how to interpreted these reports.

(But the people with big money do.)

 

[Elio Amazed]

So... I want my Elio as much as anyone else here does.
I don't have an opinion on the article one way or another.
Jalopnik needed more clicks so they published the article.

I am curious about how everything has changed... again.
How it went from 22 E-Series left to go plus 100 fleet vehicles...
To a completely new plan of 158 S-Series pre-production vehicles.

Someone please wake me from this nightmare.

"Here there be monsters..."