Sailor Dog
Elio Addict
Remains to be seen ... I would not bet against ELIO.
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What Is Elio Stock Trading For Today?
- Thread starter Ekh
- Start date
Sega
Elio Addict
Why not? They have lost a lot of support. No money, and no real plans for money to come in. They have abysmal financials and have gone backwards. Heck, a few years ago, this site had a lot more active members.
Sailor Dog
Elio Addict
Friday blog today
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Can't
I think that they will shut down as soon as the 2017 SEC report gets released in April, but I also didn't think they would get through 2017.Friday blog today
What are you whispering?Friday blog today
I wouldn't bet against Elio either, because it would be incentive to hope for failure. I wouldn't bet on Elio either because I don't gamble on high risk ventures. Elio is long past their best shot at production, has no validated vehicle after nearly a decade of successful marketing and fundraising, faces a pissed off Caddo Parrish and 63,500 disappointed reservationists.
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Johnny Acree
Elio Addict
- Joined
- May 12, 2014
- Messages
- 1,529
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One thing I keep reading "no validated vehicle". Well in a black and white legal definition, this is true, but. In the real world where most stuff is gray. The Elio is closer to production today than it was, even a year ago when the E1C was at Detroit.
Maybe folks typing, will start typing, " a mostly ready for production vehicle", but I doubt it.
Maybe folks typing, will start typing, " a mostly ready for production vehicle", but I doubt it.
johnsnownw
Elio Addict
It's not "mostly" ready for production though. They produced 1/8 the number of validation vehicles they claimed were required... Even if we were being generous, there is no definition whereby completing ~15% of the project allows you to claim that it's "mostly done."
RSchneider
Elio Addict
Elio said that they have spent $62M so far and need another $85M to finish the car. Think of it this way, if you have a $200K budget to build a new house but have spent $90K so far, that’s still pretty far from complete. For elio, they are not even 50% complete. That’s directly from Elio too.
Maybe they could cut the 85mil to 10 mil by not using ESG Engineering