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The price isn't absurd.
$12k is a mass production price.
$20k is a cottage industry price.
Guess where they are... they're doing exactly what people were bemoaning Elio didn't do: "Just build the damn thing!" Wait forever so volume production can start up never, or pay more for a low volume hand-built vehicle now and hope they make enough profit to upgrade equipment, suppliers, personnel, facilities later.
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