Momentum V155

[Coss]

Elio Motors Momentum v155

Following a recent funding related press release, Paul Elio wanted to visit Shreveport to bring everyone involved up to speed. On Friday, May 11th, Paul provided an update on the progress of the project and then fielded questions from members of the media.


*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.

 

[Coss]

Page 2
A Press Conference Recap
May 16, 2018



As most of you know, Shreveport, Louisiana, is the home of Elio Motors. While our engineering is conducted in Michigan and our headquarters is in Arizona, Louisiana is our true home. There are many reasons we have chosen to make Shreveport our home base. For one, our manufacturing facility is world class and is an invaluable asset to producing a quality vehicle. More importantly, the people of Shreveport have made the area feel like a perfect fit for Elio Motors. When major manufacturers left the area in search of larger profit margins, they left behind a hard working and skilled workforce. We plan on tapping into this pool of skilled workers by creating upwards of 1,500 manufacturing jobs in the area. Shreveport residents have a stake in the success of Elio Motors, which is why our CEO Paul Elio has made it a priority to visit the area to give an Elio Motors status update.

On the heels of a recent funding related press release, Paul Elio wanted to visit Shreveport to bring everyone involved up to speed. On Friday, May 11th, Paul provided an update on the progress of the project and then fielded questions from members of the media.

The full press conference can be found at this link, but here are the bullet points:

Funding

As we’ve outlined in a recent press release, we are making progress on the funding front. As we continue to make progress, we will communicate what we can when we can.

Suppliers

Recently, we were able to conduct a meeting with our supplier partners. Despite the delay, our supplier partners are still fully engaged and are working to finalize the design of the Elio.

The Plant

Contrary to the belief held by a few, our facility in Caddo Parrish is not empty. While some of the equipment that we will not use has been sold to move the project forward, the infrastructure and equipment that will be used to produce the Elio remains in the plant.

The Reason Why

We feel that our project must succeed and can have a multitude of positive effects: producing an American made vehicle, creating new American jobs, providing affordable transportation, and reducing American gasoline consumption by a meaningful amount.

Earlier this week, Paul made an appearance on a popular syndicated talk show, The Lars Larsson Show. Being a longtime Elio supporter and reservation holder, Lars Larsson asked astute questions which resulted in a terrific conversation. Here is the link to listen to the entire segment: http://www.larslarson.com/paul-elio-when-will-you-be-revving-up-your-car-production/

 

[booboo]

The full press conference can be found at this link

Booboo's comments are disabled for this video.

 

[Ty]

I like how Paul doesn't just come out and say Congressman Linn was lying when he said the factory was empty because Elio sold every last piece of equipment out of it.

Linn goes on to brag that he wouldn't sign a non-disclosure agreement. Well, idiot, that's why you don't know what is really going on.