• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

What Is The Latest Start Production Date?

Status
Not open for further replies.

Travelbuzz1

Elio Addict
Joined
Jul 21, 2015
Messages
751
Reaction score
675
Location
Sioux Falls, South Dakota
I received this today.

The Elio Customer Experience Team (Elio Motors)

Dec 12, 15:47 EST

Hello,

The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. The timing and availability of the funds can move and we will do everything we can to keep the project moving forward by utilizing each piece of funding received, as we receive it. Thank you for your support.

Make sure to check out our blog at www.eliomotors.com/blog

Thank you,
The Elio Team
 

wizard of ahs

Elio Addict
Joined
Apr 28, 2014
Messages
2,184
Reaction score
3,437
Location
Terre Haute, Indiana
Has there been any announcement of a new production date? I've fully expected it to be pushed into 2020, but the last I heard, they were still pushing the 2019 start date. I can't see how at this point.

According to Elio Motors (dated December 3, 2018) on their official Facebook page:


From the day of Elio Motors posting that, would mean 5/19/20 if they got full funding that day.

I think you might have misinterpreded.....76 weeks from COMPLETION of funding

76 weeks from the timely and successful completion of our current and subsequent fundraising efforts.

I received this today.

The Elio Customer Experience Team (Elio Motors)

Dec 12, 15:47 EST

Hello,

The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. The timing and availability of the funds can move and we will do everything we can to keep the project moving forward by utilizing each piece of funding received, as we receive it. Thank you for your support.

Make sure to check out our blog at www.eliomotors.com/blog

Thank you,
The Elio Team

Same as it's been .................NEXT YEAR :p
 

Sega

Elio Addict
Joined
Nov 28, 2017
Messages
108
Reaction score
54
Location
Memphis, TN
To clear it up: 1.5 years AFTER they get all the funding they need.

They are nowhere near getting the funding they need so there is still a long way to go. They have been working on funding for several years already and haven't gotten anywhere.
 

RSchneider

Elio Addict
Joined
Jan 6, 2017
Messages
2,792
Reaction score
1,912
Location
Hellertown, PA
I received this today.

The Elio Customer Experience Team (Elio Motors)

Dec 12, 15:47 EST

Hello,

The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. The timing and availability of the funds can move and we will do everything we can to keep the project moving forward by utilizing each piece of funding received, as we receive it. Thank you for your support.

Make sure to check out our blog at www.eliomotors.com/blog

Thank you,
The Elio Team
If Elio gets a $376M check tomorrow then the first Elio will roll of the line on May 28, 2020.
 

raptor213

Elio Addict
Joined
Jun 3, 2016
Messages
270
Reaction score
648
Location
Livonia, MI
Isn't this word-for-word verbatim from an earlier response posted to the Elio Motors Owners Assn FB group page last month? They are just regurgitating and hitting copy/paste on these now:
Screenshot_20181212-195103.png
 

Sega

Elio Addict
Joined
Nov 28, 2017
Messages
108
Reaction score
54
Location
Memphis, TN
You need to ask them where they're at in the funding phase, and when they predict the 76 weeks will start, or if the 76 weeks has started, if so, when did it start? Kinda put in a "feeler" to see where the start line is.

They said the 76 weeks starts once they get the funding...which they don't have. I don't think they have any idea when that will be.
 

RSchneider

Elio Addict
Joined
Jan 6, 2017
Messages
2,792
Reaction score
1,912
Location
Hellertown, PA
I can tell you that Elio will not tell you anything else. So the one statement is all you are going to get. Someone told Elio to just answer all correspondence with that one paragraph. With that being said, Elio does one thing very well. It's when they have any progress (no matter how small) they report on it right away. The best current example of this is when Elio got the $2.5M, they came out with a blog showing the supplier summit and right after that, Paul showed up in person in Shreveport. After that it was an announcement on a handshake deal with a mysterious powertrain supplier and the initial offering for the Eliocoin for accredited investors.

Knowing how large scale projects work, you need a hefty amount of cash on hand to start moving. A small amount usually gets you nowhere as there are lots of items that need to either be paid in full from the beginning or a big deposit. With new companies, you need to do much more paying up front.

From looking at the Elio timeline, 72 weeks is the longest item which is ECO Body Shop. So, there's no way they can shorten that. What is hitched before that, is 4 more weeks of Engineering Design and Development. The ECO Powertrain timeline is 52 weeks and runs parallel to the 72 weeks, so no timeline savings with it planned to be eliminated. What they will need is that after 4 weeks of the RD&D, they will need to fund the ECO Body Shop, ECO Paint, ECO General Assembly all at the same time. With them not planning to build their own engine, the tooling and production equipment costs will drop (supposedly $120M).

In the end, it's still 76 weeks but the only change is instead of being $376M, it would be $256M. Still, they need a huge chunk of that to get moving and a steady stream of cash. They are expecting $110M in extra reservation deposits and $44M in profit. The $44M in profit would have to come after they start fulfilling the 65K reservations because I can't see how that would happen ahead of the game. The actual number for what they really need is $531M but subtract $120M and you get $411M. They are hoping on lots of new reservations (110,000 of them at $1K) and making $677 profit for each unit on the first 65K. According to what Paul said, Elios will sell for an approximate average of $10,700 each for the first 65K.
 
Status
Not open for further replies.
Top Bottom