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What Is The Latest Start Production Date?

Discussion in 'General Elio Discussion' started by grampi, Oct 19, 2016.

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  1. webartist

    webartist Elio Aficionado

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    I read the following post on Yahoo Finance I thought was somewhat insightful.

    First let me say that I am not an investor or spot in line holder, nor am I an investor in Overstock parent company of tZero.

    I have been following this as an observer, and from the current situation of things here are some of my observations.

    Elio is stating that they are still in the funding phase to get to production of their autocycle. They claim that there is a non disclosure agreement/gag order that prevents them from discussing financing and investing and that could very well be.

    From appearances they seem to have five prototypes, three of which are non viable for production as they are the tube frame design they had to abandon because of production costs being more than the target price. They continue to show the two running prototypes to drum up investors and reservations. These two prototypes are now three to four years old, and from searches they only have one or two engines of their own design that no one has heard or read of the any test results other than one dyno run video. They multiple letters of intent from suppliers, but if you search the suppliers there is no mention of them working with Elio. Letters of intent are great, but there does not seem to be anything supplied from them, and the vendors are not going to produce anything on promises. (Yes, Elio has stated that they have had supplier meetings recently, but with who?)

    The other thing to remember is the basic design of the vehicle is now between six and ten years old. That's close to two life cycles of most other vehicles on the road. Even the things they planned for in the two viable prototypes are now close to five years old. Meanwhile, Acrimoto and Electra Meccanica are delivering vehicles in limited numbers to customers while gathering financing and ramping up production.

    On the financial side, there was the big announcement by Overstock and Elio of the $2.5 million dollar investment by Overstock, and the understanding that tZero would become the investment portal to fund Elio to production with the sale of Security Tokens by tZero once tZero had been funded for it's blockchain securities system theat still has to receive approval by the SEC (the same SEC that had to approve the initial Elio IPO, and their subsequent conversion to NASDAQ which never happened because of a lack of funding). So far from what I have read in Forbes, tZero has yet to reach their funding requirement even with letters of intent (sound familiar?) with Venture Capitalists group from Hong Kong.

    Speaking of Overstock, their stock has lost almost 2/3rds of it's stock price since the first of the year. In January Overstock was at almost $90.00/share. Currently they are at ~$29.00/share, and if you read the financials, the consensus is that Patrick Byrne would sell Overstock in an attempt to fund tZero which is getting lost in the sea of blockchain/security coin/cryptro currency forest.
     
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  2. Ty

    Ty Elio Addict

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    Fu

    Funny. I clicked on a random supplier and got their homepage... Admiral Tool. Click on "Products". Click on... wait for it... "Elio Program"

    http://www.admiraltool.com/products.html

    Admiral Tool Elio.JPG


    EDIT: After clicking on that one supplier, I tried several others and they don't list Elio Motors on their sites. Most likely, because they don't produce anything yet. But, still...
     
    Last edited: Sep 7, 2018
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  3. roadtrippin2016

    roadtrippin2016 Elio Aficionado

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    It's been a year or so since I've posted I think ????...either way I got on today and found out today after catching up...and I find the lastest production date is currently stated for late 2019...I was glad to see Takata was taken off suppler's list since all the problems with their "airbags"....they are GONE ! Elioowner's.com is your go to source...I really would like to some day soon to be driving the Elio soon...although the "Forward looking Statements" are concerning and this is their plan "B" when and if things go belly-up! I want to remain positve and really think America is past ready for a sucess story in the automotive industry...but, alot of "Big Oil" money does not get excited about 80-84 m.p.g. on any vehicle!...enough said...
     
  4. Sailor Dog

    Sailor Dog Elio Addict

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    Went to Pep Boys yesterday for an oil change & tire rotation, none of 4 working or the customers waiting have heard of ELIO. Yet, over 65k eservations with only 6.5% brand awareness & Eliocoin & OSTK & tzero & production in 2019 or 20 makes me feel totally 3 cylinders & 3 wheels STOKED!!!
     
    Last edited: Oct 7, 2018
  5. larryboy

    larryboy Elio Addict

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    I am sure that the "big oil" guys would rather see a bunch of Elios on the road than a bunch of EVs. Especially since the affordable EVs are no bigger than the Elio. There is a niche for the Elio and when the money and the idea get together it WILL happen!
     
  6. Ekh

    Ekh Elio Addict

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    Does anyone know who the hell is actually making the new Powertrain?
     
  7. Grumpy Cat

    Grumpy Cat Elio Addict

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  8. Sailor Dog

    Sailor Dog Elio Addict

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  9. Travelbuzz1

    Travelbuzz1 Elio Addict

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    I do not know what state you live in but I have had Elio's bumper sticker on my jeep since September 2016. I have visited about 25 states west of the Mississippi River including Alaska, Canada in three provinces and the Baja of Mexico. Either I missed your state or those people you have spoken to are blind.
    DSCN9109.JPG DSCN9100.JPG DSCN9101.JPG
     
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  10. Sailor Dog

    Sailor Dog Elio Addict

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    If you went to all 25 states west of Mississippi, then they were blind! Have that sticker in red hot... on the frig!!
     
    Last edited: Oct 7, 2018
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