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

[sendler]

A slight damper on the topic.
.
Financial Reports Show that Elio Motors is Definitely Not Gonna Happen
.

[doclees]

Originally Posted by sendler

A slight damper on the topic.
.
Financial Reports Show that Elio Motors is Definitely Not Gonna Happen
.

I'm no MBA so I can only go on feel of the crowd and the crowd there were very interested or already all in. I do feel that the author of that article was comparing apples to oranges. Sure I get nervous when they bump the production date forward. It makes you wonder why. But my daughter has been selling new and used cars for 7 years now and said she would be able to sell a ton of those things. Finally the author doesn't have any credentials listed other than a blogger and IMHO it shows. Now can we find a reputable bean counter to tell me Elio doesn't have a chance?

[SentraSE-R]

I'm not a reputable bean counter, but Elio's SEC filing isn't a confidence builder. They wanted to raise $10 million, and raised $150,000. When you raise 1.5% of your goal, that should tell you you don't have a chance.

Another red flag is spending half of the money you raised, $75,000, on a nonrefundable retainer to a company whose job is to sell your penny stocks.

Elio Motors has a $3 million payment due on Sept. 4, and is depending on Caddo Parish taxpayers to come up with the money.

Then there's the puffery in claiming the trike will get five star crash ratings, when motorcycles aren't crash tested. When the snake oil salesmen resort to out-and-out lies, your BS meter should peg.

[cRiPpLe_rOoStEr]

Originally Posted by SentraSE-R

there's the puffery in claiming the trike will get five star crash ratings, when motorcycles aren't crash tested

Crash-testing a motorcycle sounds pretty pointless, but an enclosed tricycle can eventually fare decently in a crash-test under the same standards a Smart would be submitted.

[sheepdog 44]

Anyone know what their target weight is?

[freebeard]

It should do well in the 40% offset head-on collision, like the Edison2 VLC and the Prowler.

[sendler]

Originally Posted by sheepdog 44

Anyone know what their target weight is?

1,000 pounds

[doclees]

I was told they have 50 million backing them. I guess we will see in September. not long ago Lit motors said they were sold out of their first run C-1. Now I see you can pre-order one of the first 20 at 10k each. 15% non-refundable and no delivery date so far. Something fishy there too?

[freebeard]

It won't mean much to me until they start showing up on the used car lots.

I'm still bummed that Chrysler didn't ship the Pentastar in the 1930s

[cRiPpLe_rOoStEr]

Originally Posted by Old Tele man

...in this picture, it looks like a BIG american VW!

That was the first thing that I thought when I saw the picture.