Elio Motors, The Next Big Thing?!!...

[rmay635703]

Elio motors pivots to new scam

https://www.greencarreports.com/news...Ecla8hbFhfNOmE

[freebeard]

There are two models the Elio would compete against—both three-wheelers. Aptera, reborn in Southern California last year, is seeking to bring its “never charge” solar car within the next year, at a $25,900 base price. And then there’s the ElectraMeccanica Solo, an $18,500 single-seater EV that, after some delays, is due to arrive this year with retail locations in Arizona, California, Oregon, Washington and Colorado.

Competing to deliver a product to market, I guess; not sales.

Now it’s added a page about fleets that positions the Elio-E as a solution for the service and small delivery industry—a market that Arcimoto has gained some traction with. That page seems to suggest relationships with Grubhub, DoorDash, Geek Squad, Amazon, and others.

Arcimoto, who are finalizing their ATVM loan application and sitting on cash reserves probably as large as Elio's indebtedness, don't 'suggest' names.

If they could get Sandy Munro onside, I'd be more impressed.

[Xist]

If I couldn't eradicate world hunger, dirty energy, or professional wrestling, but I could make Elio die and stay dead, I would feel content.

[RedDevil]

The Elio should have been an EV from the start.

Now it's too late. I like the shape, but Elio is loaded with a pile of deceit and debt.
And creating a successful EV company is hard.

But then, creating a successful ICE company, as Elio was trying to do, is even harder. Nobody in the US has done so for almost a century.
While some guy did launch a very successful EV company... It isn't rocket science ;-)

[freebeard]

While some guy did launch a very successful EV company... It isn't rocket science ;-)

There are two listed on the stock exchange.

[Piotrsko]

Originally Posted by freebeard

There are two listed on the stock exchange.

Pretty sure neither has delivered product. Does that mean they are "Spacs"?

[JSH]

Originally Posted by Piotrsko

Pretty sure neither has delivered product. Does that mean they are "Spacs"?

Tesla and Arcimoto are listed on the a US stock exchange and have delivered product to customers for years.

Rivian just got their federal certification and ran their first customer vehicle off the line 14-September. Lucid also just received their federal certifications.

There are plenty of vaporware EV companies out there - some of which are also publicly traded.

[RedDevil]

I own shares in both Tesla and Arcimoto, but it is too early to call the latter successful. Once they have the new shed tooled out and running at full capacity and are operating near break even, then maybe.

Lucid and Rivian may become successful sooner than Arcimoto, but as of now I feel they are overpriced and the risk is still quite high.

[rmay635703]

https://www.google.com/amp/s/sports....090406659.html


Everything we assumed

[freebeard]

If you don't want to give Google the traffic:
www.yahoo.com: ‘The next Henry Ford’ raised millions to build a $7,000 car. His company still bled cash.
Nathan Bomey and Craig Harris, USA TODAY Tue, October 19, 2021, 6:17 AM·15 min read

Went electric too late. Nothing to offer over Arcimoto or Aptera. ...maybe even Nobe.