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Old 04-12-2017, 03:06 PM   #1681 (permalink)
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When I first started seeing news of these I was really excited. Then I saw one (for real) and sat in it at the fair for Earth Day around this time last year. It was neat, but every time I asked the Elio team showing it, questions about why they didn't do things differently to further increase its efficiency, they would completely dismiss it and change the subject. In the end, I wasn't overly impressed.

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Old 05-02-2017, 11:10 AM   #1682 (permalink)
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$376M needed for 2018 production start

Elio Motors Says It Needs $376 Million To Fund Production

Quote:
Elio Motors filed its latest reports with the Securities and Exchange Commission, and the three-wheeled auto start-upís future looks even bleaker than before: according to its latest 1-K form, filed today, Elio says it wants production to begin in 2018, but it needs $376 million to make that happen, up from the previous estimated funding requirement of $312 million.
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Old 05-02-2017, 11:32 AM   #1683 (permalink)
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Quote:
elio reported that its total accumulated deficit as of dec. 31 is $141.14 million.
ouch!
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Old 05-02-2017, 11:54 AM   #1684 (permalink)
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So... Elio is dead
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Old 05-02-2017, 01:28 PM   #1685 (permalink)
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Wow, that is dire. Will they get a white knight?

Woulda' coulda' shoulda' - if only they had done small production runs with an off-the-shelf engine, and sold them, and got them on the road.
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Old 05-02-2017, 02:17 PM   #1686 (permalink)
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Quote:
Originally Posted by NeilBlanchard View Post
Wow, that is dire. Will they get a white knight?

Woulda' coulda' shoulda' - if only they had done small production runs with an off-the-shelf engine, and sold them, and got them on the road.
But then the founder wouldn't have been able to collect his wages these many years
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Old 05-02-2017, 02:40 PM   #1687 (permalink)
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If only Aptera had started producing their car based on the original moulds instead of hiring Detroit management, redesigning it, etc.

I liked Aptera better.
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Old 05-02-2017, 04:59 PM   #1688 (permalink)
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Wow, didn't see that comin'.

I'm shocked, shocked I tell you.
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Old 05-02-2017, 06:43 PM   #1689 (permalink)
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They could end up getting someone to fund them. Don't forget, Tesla went through similar difficulties when they first started out.
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Old 05-02-2017, 07:58 PM   #1690 (permalink)
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Invest in a scam? When Buffet buys in I'll change my tune.

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