Should be market cap divided by stock price. Yahoo dropped the ball on this one.
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Shocking… I told you so.
- Thread starter Go Time Racing LLC
- Start date
well, if you divide 27.9 million into the total value of Elio Motors' assets, I can see why there are a bunch of zeroes behind the decimal
RSchneider
Elio Addict
Ford is at 76B and GM at 79B. Even Tesla is at 1T. According only to Yahoo, if the stock goes to $0.62, then Elio is at 50B. Then at $1.24, they will surpass both Ford and GM, then be right behind Tesla. Tesla is at $1,140, so all it would take is for one person to buy 100 shares of Elio at $1.24 and you have the second most valuable car company in the world. While we are at it, let's double that and make it 2T by buying 100 shares at $2.48. Imagine the press. Elio Motors, the company that has produced nothing is worth double of what Tesla is. I feel bad for Arcimoto. They only have a 467M market cap. Maybe Elio will gobble them up with that 25B they could access.
I remember when Elio briefly hit $75 and it had a 1B market cap. Yet Friday at $0.31, it's 25 times that. Must be that new math everyone is talking about or the Elio Xerox machine is cranking out stock certificates night and day. I do have one suggestion, never look beyond what Yahoo Stocks says, as you'll find everyone else is wrong because they have Elio at around 8.8M. It's better to believe the numbers you want to believe because it makes it look so much better.
Made in USA
Elio Addict
When the Elio Motors stock went from $0.0002 to $0.31 it was an increase of 154,900.00%
Wonder if that s some kind of record?
It would be ironic if it was, and then the price drop back down to $0.001 might be the biggest swing in history.
Still no response from Racer Trust.
Wonder if that s some kind of record?
It would be ironic if it was, and then the price drop back down to $0.001 might be the biggest swing in history.
Still no response from Racer Trust.
looks to me like the same large stock holders are manipulating the market as they have been doing for years
Made in USA
Elio Addict
500 shares traded today (11-3-21) for $0.08
Made in USA
Elio Addict
Perhaps at this point Elio Motors is about ten years ahead of the market. If they tried to make the Elio-E right now, they would probably have problems getting batteries supplied. The major makers are buying up all the processed minerals to supply their own factories. What will be left over will probably be at a price too high for Elio Motors to afford. Unless of course someone develops a battery that uses common less expensive materials, but so far none of those seem to have any range. Elio Motors might be better off bringing the gas version out first and then make the E version. But as we all know they can't get funding with either design. Add to that they apparently didn't make payment to Racer Trust and lost all the equipment to them due to forfeiture. So perhaps they could make a new deal, but that means they will also be that much further in the hole.
This will just spur investment in Zink-Air, Iron-Air, even Aluminum and Redox batteries. Even liquid Metals is in development.
Power-in-road is probably the ultimate future.
If we were really smart we would have developed overhead rail or something, but we aren't that smart(100% technically feasible).
Why?, do you say? it is one tech that can both, respect ground level nature AND is the most efficient at rolling resistance and aerodynamic drag.
(Excluding special aircraft and vacuum tunnels ala Tesla Boring) Also a cheaper road construction method (minus periodic leveling and other adjustments.)
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Made in USA
Elio Addict
Yesterday a trade was made for $0.0005 a share, 500 total.