I drive for a living and this would be good for high mileage workers. The only thing that saved me from putting down a pre-payment was because I didnt like the idea of giving the company an interest free loan for over a year just to stand in line. When gas prices surged, he saw a chance to go small. Aside from a few brightly colored prototypes, most powered by three-pot Geo Metro powertrains, no cars were built and no jobs were created in Louisiana. Share your opinion and gain insight from other stock traders and investors. I would consider it. I figure if I got hit by one of those it could be the end of me and anyone else in the car, that is definitely my biggest concern.. Google Elio Motors and you wont see anything new. Cookie Notice They are working to change things on a state-by-state level. A and one of the first to come to market. Plus, you could hand out Elio cards after you get candy. I hadnt seen this before, thanks for posting about it. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The result? A Russian agent, an eccentric millionaire and a new cryptocurrencymeant to help fund Elio Motors. Up until this year, fuel efficiency was. Elio Motors isn't doing so well. I think it needs a third, and possibly a fourth, seat to meet those sales numbers. It was founder Paul Elio's solution for a post-recession America that desperately needed affordable wheels. Since the 2009 conception, the company illustrated and repeatedly delayed a release date for its original gasoline powered vehicle, pivoted to an electric powered concept, collected an estimated $28 million of deposits,[1] has been fined $7.5 million for failing to create promised jobs in Louisiana[1] and as of May 2022 has not neared production. Say. Have already looked into an old small car, but at 30 miles a gallon the car would probably break down before I received any return on investment. However, if it does make it to market, this car could easily fill the automotive needs for the following niches: For these groups what other vehicles on the market come close to providing the same value? Dont put in a non-refundable reservation. As of June 2017, basic test mules and three validation vehicles (codenamed: E1-A, E1-C, and E1-D) were built to test safety, aerodynamics, and durability. American Consumer News, LLC dba MarketBeat 2010-2023. The projections, which did not include range, cited a possible $15,000 price. Elio Motors assumes no obligation to update the information in this press release. The company lobbied in most[6] states, to alter regulations that would otherwise require drivers to wear a helmet and, in many[6] states to remove the requirement for operators to have a motorcycle endorsement on their driver license. But the media attention has been hard to ignore lately. Dead end, over 10 years in the making and nothing at all to show. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I hope you didnt invest here. Elio Motors Inc. (ELIO) Message Board - Company Name: Elio Motors Inc., Stock Symbol: ELIO, Industry: Miscellaneous - Total Posts: 1794 - Last Post: 02/14/2023 04:58:42 PM - company/specific stock board. A highway accident can make me a statistic. The size and safety concerns me most on the Elio car, I love the idea of over 60mpg and find the cost well worth it, but around here we still have to travel on 2 lane roads semi-frequently and there are alot of those excessively oversided ford, chevy, dodge and toyota trucks. At Elio Motors, weve developed a palette of colors that turn headswe thought they deserved a description thats as fun and unique as the Elio! I wouldnt risk my kids life with this car, no matter what the cost savings. 2023 Elio Motors Inc. All rights reserved. [20] The Elio Motors Facebook page was similarly left without updates between April 2019 and September 9, 2021.[21]. That bodes well for them, because I agree that no one will want to wear a helmet inside their car! 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. Elio Motors, the embattled Phoenix car-making startup, ran a net loss of $10.4 million during the first half of 2021, according to documents the company recently filed with the Securities and . In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. Back in the heady $7,000 Elio-G days, the company told us it'd need to build 150,000 to 200,000 cars per annum to be profitable. Interesting stuff though, Im currently working my way through a book called Alcohol can be a gas! by David Blume. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. how to wear beats studio buds. Since then, the date has been pushed back each year. Maybe you can put a basket on front for trips to the grocery store. This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. And there will be plenty of regulatory hurdles to overcome. texases September 6, 2022, 1:58pm #2 They are a failure, not sure if 'scam' applies. Since then, Ive ended up changing jobs to one where I can take the bus to work instead (or if I have the time, even walk). After securing more than 65,000 reservations totaling tens of millions of dollars, Elio Motors went silent in 2018, saying virtually nothing for three years until USA TODAY began looking into the company this summer. We'll keep an eye out for more Elio news, and we certainly wish the company all the bestas we do for the 65,000 hapless folks who put down deposits and never got a thing for it. Remember Elio? Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. 171 miles. I dont see the point in comparing a Smart to a Versa, and then stating the problem relates to an American stereotype of wanting bigger and faster cars using 2 cars in the same price range as examples. The Elio-E model has a targeted base at $14,900 making it the most affordable entry level electric vehicle on the market. Serious About Savings? The. They would drive it to cities all over America and try to get locals to support it but it was just a scam to get citizens money. Most of the engineering for proof of concept for the gas Elio-G can be utilized in the development of the electric Elio-E. Elio contacted its engineering partner Roush and their assessment was that the current design could be successfully electrified. A license really isnt difficult to get (I had one at 15), but if you dont already have a bike, borrowing one for the test could be difficult. 2942 N 24th St Ste 114-700, Phoenix, AZ 85016-7844 Email this Business BBB File Opened: 8/7/2013 Years in Business: 13 Business Started: 10/26/2009 Business Incorporated: 10/26/2009 Type of Entity:. I feel like they must have pushed back timelines on the release date. Export data to Excel for your own analysis. The announcement is based on the change in consumer demand and finance markets' new appetite for electric vehicles. Elio paid for its lease through stock in its companystock thats effectively worthless nowand raised more than $100 million to build its cars. Anticipated production date is based upon timely receipt of requisite funding. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. I have been driving a 95 civic dx for a few years and average around 45mpg highway and city combined. It used to be 'about $6,800,' so we can agree to disagree if it's really an increase. They're still waiting. GC no need to be crude to someone new, but what your saying is true. Its actually sad because it had such promise. It took an ambitious and daring rebel billionaire (Elon Musk) to force some true efficiency innovation in the marketplace with electric vehicles via Tesla. Getting fined in 2017 for unlicensed sales, Elio consistently failed to provide details on its plan to do much more than sell off tooling in the GM plant it occupied. Hundreds of institutional investors are looking to invest in the electric vehicle market. Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $7,450, announced that AISIN Group has been. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. Aside from the enginea 0.9-liter three-cylinder engine designed by Germany's IAVmost of the Elio's components were off-the-shelf parts from existing suppliers, which the company said offered huge opportunities for customization. Threads 125 Messages 4K. Plus (if we recall correctly), the Elio P4 prototype we drove was rather fun to putter about in at the sub-50-mph speeds we were allowed to hit. When the 3-wheeled, tandem-seated Elio first started making the rounds in the media a while back, I didnt really pay much attention because Ive been heartbroken before. Regenerative breaking would help any cars fuel economy, not just electric. What's the current price of Elio Motors Inc Stock? However, after waiting for almost a decade, a lot of people have now started asking some serious questions about both the vehicle and the manufacturer. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. I think I would get one if we ever needed a second car for me to get to work and back. I am moving home to suburban NJ but work is on Staten Island. I definitely didn't mean to sound like that. The worst mpg I have got with it was 40, so I am pretty happy with it, However my concerns in a smaller car is always What happens if I get hit or anything like that. The company can be reached via phone at (602) 424-7472 or via email at tclemensen@eliomotors.com. Eliosfirst manufacturing site will be in Shreveport, Louisiana. [15][16] In December 2016, the date was announced to have moved to 2018,[2] and on Nov 1, 2017 in a Facebook reply, Elio Motors mentioned the start of production aimed for 2019. Because theres no evidence of that, ever.. That predictably failed, and in 2021 the last gasp from Elio came by way of an electric version of its car, called the Elio-E, and more promises of production. If the Slingshot is a Lamborghini, this. My neighbor who was a business owner was solicited but said no thanks as far as I knew. 100% hydrocarbons simple doesnt make sense any more. So many automotive startups underestimate how hard it is. Hargraves, 70, says he can't help but wonder if it was a scam to start with rather than just a company struggling to reach production. Charge Time. As Smart showed, you dont have to be big to be safe. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. The potential service provider for Elio Motors is Pep Boys. Quite literally, youre paying the same price for less than half the car when you buy a Smart. Despite no high-priced batteries in its drivetrain, it is anticipated to be rated at 84 mpg highway and 49 mpg city. Identify stocks that meet your criteria using seven unique stock screeners. We never quit working to make this dream happen,said Paul Elio, CEO of Elio Motors,The market has changed, and investors and consumers are looking for innovative, environmentally conscious, low cost electric vehicles, and we have a great option that will appeal to a very large under-served market. net sequestration of CO2 looking at cradle to grave Whereas if I just invested the money then I would be able to make money with that money while I wait. Forward-looking statements are made and based on information available to the Company on the date of this website. If the Elio-E appeals to you and you're thinking of reserving one, we say, maybe it's best to wait. Elio Motors lead by Paul Elio developed a three wheel car that gets 84 mpg hi Show more Show more Shop the Scotty Kilmer store $28.98 Spring $29.98 Spring $28.98 Spring $29.98 Spring Don't. Id have to see how solid this car is. Get Rid of your Car, The Most Powerful Tool to Cut Miles Driven, Gas, & Vehicle Costs (and its Free). The debt load for this company is now dooming it. Maybe for a family willing to buy a third car for commuting, or replace their motorcycle, but neither demographic will pull them into the 250,000 sales/year range. Published on Jul 26, 2017. Support: 888-992-3836 Home NewsWire Subscriptions. Elio Motors News Update 2021 SAD Joe Cabrera 6.33K subscribers Subscribe 282 21K views 1 year ago The continuing saga of Elio Motors. Despite promising to begin vehicle production as soon as 2014, the company has repeatedly failed to get off the ground at its factory in Shreveport, Louisiana, a former General Motors property. test drive it and consider it, primarily as our 2nd car. Alas, it's been steadily dropping since. These dates have made automotive analysts question the company's ability to bring a product to market. I like the 3-wheel premise and while I wouldnt buy it in orange, I would definitely pick this car up as a very cost-effective, fuel-efficient commuter vehicle. That said, we can't help but think this announcement is an attempt to keep the Elio dream alive and the company afloat. (844) 978-6257. I would have actually considered owning one -but my wait and see approach turned out appropriate. ", Elio Motors took millions in customer depositsnever delivered, https://en.wikipedia.org/w/index.php?title=Elio_Motors&oldid=1136402452, This page was last edited on 30 January 2023, at 04:15. According to the press release, Elio's original plan was to launch the gasoline-powered Elio-G first, then follow up with a battery-powered electric version. In addition, Elio Motors projected that 90% of parts for its vehicle could originate in North America. I like the idea of this car, but I imagine it would be difficult to take through the drive-thru with the distance between the front left wheel and the driver side window. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. For every $1 of gas purchase by an Elio owner, said owner would make a $2 car payment. See what's happening in the market right now with MarketBeat's real-time news feed. [12], The idea of 100 pre-production fleet vehicles was teased in December 2016, however social media replies on Nov 1, 2017, from Elio Motors said, "We are targeting the start of production in 2019". Elio Motors and the BBB. vkgy In fact, without doing research, Id say you pay the same for a car in $ as you do in UKP, that makes cars in the UK 60% more expensive than the almost identical car in the US. Production, it said,. After one trip in that cramped little thing, I never got in one again until Honda made cars larger. "[17], This lack of an actual product over a near-decade long span has caused critics to call their car vaporware. When a bigger car or a pick up truck hits into it in an accident, whos going to have minor scrapes on the fender, and whose car is going to be totaled with the driver getting severe injuries or death? This is less than half the cost of any other new vehicle on the market. Still, the Elio-E has the potential to be an interesting car. Phoenix, AZ September 9, 2021 Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. And now, I think Elio has a legit shot at making it. The company was founded by Paul Elio in October 2009 . Considered, but if they sold these with http://en.m.wikipedia.org/wiki/Myers_Motors_NmG. The three-wheel electricElioisengineered to be the ultimate low cost commuter and fleet vehicle while providing the comfort of amenities. After the Elio-E is funded and there is sufficient demand left, we will launch a gas version shortly thereafter, the company wrote on its Facebook page in 2021,its most recent post. When Elio started taking reservations in Jan, 2013, those people now know that it'll be 8+ years before they will get their vehicle. That an automotive startup flounders isnt especially remarkable. As previously noted, there is no rebel billionaire here Elio has had to bootstrap its funding the hard way. Survey says car buyers are taking fewer and shorter test drives. 4-6 hours. Elio Motors raises price for reservation holders to $7,300. But the thing that pisses me off is when people call it a scam like were not honorable. Elio Motors secured more 65,000 reservations for the (Elio-G) gas-powered vehicle, proving the demand for its unique styling and design. This is a different car though and its time is here. Until then Elio is making money on that money sitting in an account. The company focuses on developing the Elio, a three wheeled vehicle for mass production in the United States, which gives 84 miles per gallon. Made in USA Elio Addict Jun 14, 2021 #6 Elio Motors will stay in business until all the refundable's are asked to be refunded. Our email, tellmemore@eliomotors.com, is available for your questions, which we will gather and share as we move forward. Advertisements in 2017 illustrated a base price target of $7,450 for the gas motor version and suggested to achieve up to 84 mpg-US (2.8 L/100km) on the highway and up to 49 in the city. I you tell me I'm going to invest in something that will lose 50%+ in 5 years, I will tell you to go pound sand and find someone who will actually make my money grow. Elio Motors is reinventing how Americans commute with a low-cost, ultra-high mileage vehicle.
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