What Is Elio Stock Trading For Today?

[BaldGuy]

On another point... anyone know exactly how Paul was able to accrue $250 million in debt? Where did all that money go?

He paid a company to build the prototypes. IAV to design a motor. And leased the plant for some time. Also hired the tour group that took the prototypes to events.

 

[RSchneider]

He paid a company to build the prototypes. IAV to design a motor. And leased the plant for some time. Also hired the tour group that took the prototypes to events.

Let’s not forget the 18% interest he paid on a $26M loan for the equipment in the plant because he defaulted on the first payment back in 2013. Then the fines and penalties he paid for late lease payments.