As previously noted, there is no rebel billionaire here Elio has had to bootstrap its funding the hard way. I think it needs a third, and possibly a fourth, seat to meet those sales numbers. That bodes well for them, because I agree that no one will want to wear a helmet inside their car! Mark your calendar and go out as an Elio for Halloween (don't forget the Starbucks Venti Coffee). While dormant, the gas-powered model may not be entirely dead it's now the Elio-G and there's a chance it could return. No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. It makes me think of a better less electric version of the Corbin sparrow. Elio Motors, Inc. ( OTCQB:ELIO) is an US-based startup that is focused on designing and manufacturing a safe, affordable, and fuel efficient vehicle that is targeted towards urban commuters.. It's unclear what, if anything, Elio has done with the deposits and money it collected over numerous rounds of funding nor is it clear what the future will be for its cars or plant in Shreveport. 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. The other thing that knocks things off my list is the safety. Threads 125 Messages 4K. Welcome to Elio Owners! And now, I think Elio has a legit shot at making it. 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. It has never sold a single vehicle. Elio Motors is making a significant step towards finally launching its long-overdue "ultra-high-mileage, low-cost three-wheel Elio vehicle.". In September 2021, Elio Motors announced that a new electric motor design was the company's focus, to be later followed by a gas motor option. They say only 5 states will require a helmet. Well, I am sure this has been already Why? Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Export data to Excel for your own analysis. Smarts problem was being the baby of a european market where his vehcile prices are the norm. Anticipated production date is based upon timely receipt of requisite funding. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Paul Elio always remains silent and has disappeared from public view. 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. 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. 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. Login/Register . And now, a much less wealthy rebel, Paul Elio, hopes to do the same in a gasoline-powered vehicle through Elio Motors. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Your California Privacy Rights/Privacy Policy. Disclosure: Information provided on this site should not be considered professional financial advice. document.write('
'); 0.44Average Auto/Tires/Trucks News Sentiment. The company started accepting customer reservations on its website in January 2013 and stopped accepting reservations at 65,341 in 2017. clarinet, bassoon duet. Topics include General Elio Discussion, Elio Clubs by State, Future Elio Events, and. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. Elio Motors is based in Phoenix, Arizona, and projected in 2017 that manufacturing could take place at a facility in Shreveport, Louisiana, using a portion of the former General Motors 3.2 million-square-foot plant. The Elio will be nicely equipped with power windows, power door locks, air conditioning and cruise control, accompanied by the safety of multiple air-bags and an aerodynamic, enclosed vehicle body. Remember Elio? 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. Which is true, no clue. I think the vast majority of folks realize this is not a scam, he said on Sept. 14 in his first major media interview in several years. Food for The Elio-E model has a targeted base at $14,900 making it the most affordable entry level electric vehicle on the market. Alas, it's been steadily dropping since. I was commuting about 85 miles round trip everyday so it would have been perfect for that. We dont give up.. Elio Motors progress in many other areas should be valuable to the ultimate successful creation of the Elio-E. For instance, Elio Motors went state by state and created the new category of vehicles eliminating the need to wear a helmet in your fully enclosed Elio. [citation needed], Elio designs could meet motorcycle standards as a three-wheeled autocycle, within the U.S. government's motorcycle classification. It is not . Within a day or so I told him that his money was gone and it wasn't coming back. A few prototypes to demo to the press. The offering was deemed a success because it raised $17 million from thousands of small investors. What were trying to do is hard. potentially equal performance (need to educate myself more here), although currently cars are designed to peak performance on gasoline, not ethanol. It used to be 'about $6,800,' so we can agree to disagree if it's really an increase. The small automaker started more than a decade ago with a supremely lofty goal: 84 mpg, three wheels, for less than $7,000. Home. The. This is less than half the cost of any other new vehicle on the market. [3], In January 2019, Elio stated: "The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. I did pose the question by email on how the handling if the back tire has a blow out. by using 100% ethanol fuel. I hadnt seen this before, thanks for posting about it. Threads 1.8K . Elio Motors was fined $545,000 for violating state licensing laws and in order to appeal the ruling the company had to move $76,500 into a trust account; Elio appealed the fine to the Louisiana . In an effort to secure a Department of Energy loan, Elio offered advance reservations where the buyer can reserve a spot in line to possibly purchase a vehicle for a base price of US$7,450. They are working to change things on a state-by-state level. Mitsubishi Mirage Car + fuel cost over 5 years estimated at $22,115. And the Mitsubishi Mirage, mustnt forget that: http://blogs.cars.com/kickingtires/2014/07/whats-the-most-affordable-car-in-2014.html. You will be reported to the proper authorities for false advertising. "Elio Motors Returns From the Dead With 3-Wheeled Elio-E EV", "Zacks Update on Elio Motors Misinformation Clarified", "Elio Motors Had All Of $7,155 Left In The Bank Late Last Year", "Waiting on the Elio, a Three-Wheeled Dream Car of the Future", "Elio Motors debuts e1c engineering vehicle", "You won't need a motorcycle license to drive the Elio in 41 states", "Elio Motors Gets Closer to Nationwide Helmet Exemption", "Three-wheeled car buyers won't have to take motorcycle test", "Maker of high-mileage 3-wheel vehicles buys former GM plant", "Elio Motors' Top 10 Things to Love | Elio Momentum v40 | Elio Motors", "Elio Motors | The next big thing in transportation! This is a different car though and its time is here. Survey says car buyers are taking fewer and shorter test drives. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. It is also a much more visible item for other drivers to see. Id have to see how solid this car is. The company can be reached via phone at (602) 424-7472 or via email at tclemensen@eliomotors.com. Would be nice to market a version for delivery services like grubhub, pizza hut or eatstreet. 2023 Elio Motors Inc. All rights reserved. The company was founded by Paul Elio in October 2009 . Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. how to wear beats studio buds. OTCMKTS:ELIO Elio Motors - ELIO News Today $0.01 0.00 (0.00%) (As of 02/28/2023 12:00 AM ET) Compare Today's Range $0.0125 $0.0125 50-Day Range $0.01 $0.03 52-Week Range $0.01 $0.75 Volume 3 shs Average Volume 314 shs Market Capitalization $369,750.00 P/E Ratio N/A Dividend Yield N/A BTW, cars are not investments. I guess Im having trouble with the 2 cars that seat 3 comment. You see, every now and then a tiny car will come along that promises to revolutionize the way we get around and dramatically slice transportation costs and environmental impact. and our 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. Elio Motors, Inc., a development stage company, designs, develops, manufactures, and sells automobiles. You must log in or register to reply here. What could go wrong? Thanks for sharing. Say. Crypto Asset Services Menu 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. Also: http://www.americanenergyindependence.com/alcoholengines.aspx. Same three wheel design. After a half-decade of fits and starts, E-M has actually delivered a few cars to customers. Elio Motors, which has been struggling since 2009 to build its own ultra-cheap, small, fuel-efficient, three-wheeled car, announced Thursday that it will source an engine from a major. Threads 1.8K Messages 95K. . Join today, registration is easy! this car would save me 2/3 of that and quickly pay for itself. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Sure, you might know them as Blue, White, Red, Silver, Green, Black, and Orange. Our daily ratings and market update email newsletter. Once the electric version is produced, Elio plans to potentially launch the Elio-G for consumers looking for a gas powered alternative. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! They are, apparently, not dead yet with a dream that still lives. Ethanol from corn is the biggest scam perpetrated on the American taxpayer by the Farm Industrial Complex EVER! The Cost of Manual Transmission vs. Automatic Transmission: Is it Worth it? Get daily stock ideas from top-performing Wall Street analysts. Sure, there is absolutely no concrete proof that Elio Motors were flat out lying about the release date of their three-wheeled commuter car of the future. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). The car from 1975 looked very very similar. Real-time analyst ratings, insider transactions, earnings data, and more. Residing in MO the helmet law question still got me on the side line. Quite literally, youre paying the same price for less than half the car when you buy a Smart. The Phoenix-based automaker has signed a . Production, it said,. Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. I would absolutely buy this as my commuter car. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Needing less power to push less air out of the way is a big factor in the smaller engine size. Well these reservations do look good it is still unclear how many of these people have put down the full $1,000 "All In" deposit for an Elio. Elio Motors isn't doing so well. Still, the Elio-E has the potential to be an interesting car. Certain statements in this press release including, but not limited to, statements related toanticipatedcommencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. Elio Motors and the BBB. I know this isnt a true blanket stereotype for everyone, but multi-billion dollar multinational automakers tend to see things in black and white and dont like taking risks to explore new niches. Tesla is on track to report its first annual profit, but its growth may be slowing. Throughout 2018 and beyond, reservation deposits remained closed, and there was no concrete plan in place to raise the nearly half-billion dollars to proceed. And yes, we are still here grinding every day to make the Elio a reality.". 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 . From 1937 through 1954, Nash Motors was the automotive division of the Nash-Kelvinator Corporation.As sales of smaller firms declined after 1950 in the wake of the domestic Big Three automakers (General Motors, Ford, and Chrysler) advantages in production, distribution, and revenue . Say. Heres what we learned during our investigation: 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Imagine getting in your car and putting on a helmet. By the end of 2017, Elio had only US$7,155 in the bank, and deficits of US$49,674,327. 100% hydrocarbons simple doesnt make sense any more. and last updated 2020-01-21 09:06:41-05. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. But then the inevitable happened: The mid-2016 start-of-production date was delayed again and again. When Bev Hargraves first saw Elio Motors' three-wheeled car prototype in 2013a tandem two-seater that promised 84miles per gallon he saw it as the perfect way to save money on fuel while driving to play in amateur golf tournaments. For now I like it but in 15 years. This seems like it might be a good choice for someone who would want the MPG of a motorcycle without having to worry about weather. The Elio was to be built at GM's shuttered Hummer plant in Shreveport, Louisiana, where the company promised to create 1,500 new jobs. Plus, losing around $18M in 2019 and that same for 2020 is cool. 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? To Elio, the interest is free money. 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. Show me the crash test datathen I might buy become a believer. Id rather walk away from a totaled car than get myself killed. Per FTC guidelines, this site may be compensated by companies mentioned through advertising & affiliate partnerships, such as the Amazon Services LLC Associates Program, Impact, CJ, Quinstreet, etc. The 2021 T-Rex RR, which is powered by a Kawasaki-sourced DOHC 1.4-liter inline-four making 208 horsepower and 117 pound-feet of torque, starts at $65,999. It is only 2-3 mpgs higher than some much larger gas-only models. Elio Motors secured more 65,000 reservations for the (Elio-G) gas-powered vehicle, proving the demand for its unique styling and design. The official website for the company is www.eliomotors.com. Elio Motors' mailing address is 2942 North 24th Street Suite 114-700, Phoenix AZ, 85016. But where are the cars? 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. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. Elio Motors, Inc. (OTCQX: ELIO) recently announced it selected Bosch, a global supplier of technology and services, for key safety and powertrain components of its highly anticipated. It was satirically described as a motorcycle with a really big helmet attached. True Blue, Marshmallow, Red Hot, Rocket Silver, Sour Apple, Licorice, and Creamsicle. For every $1 of gas purchase by an Elio owner, said owner would make a $2 car payment. Reddit and its partners use cookies and similar technologies to provide you with a better experience. This is more than 2X the efficiency of any other gas-only vehicle on the market. I hope you didnt invest here. 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I would imagine black would be a color. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. But Paul Elio, founder and CEO of Elio Motors, said in an interview with USA TODAY thathe believes the company can still succeed. Simply because a new idea is presented doesnt mean its a good one, and Smart is making a smaller car for about the same amount of money as a bigger one with about the same fuel economy. I think I would get one if we ever needed a second car for me to get to work and back. Not until they actually get funding. All Rights Reserved. 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. Around $ 18M in 2019 and that same for 2020 is cool on going electric before producing a gas-powered.. Focusing on going electric before producing a gas-powered Elio by email on how handling. By Paul Elio always remains silent and has disappeared from public view id rather walk away a. More 65,000 reservations for the ( Elio-G ) gas-powered vehicle, proving the demand for its unique styling and.... Could meet motorcycle standards as a motorcycle with is elio motors dead 2021 better experience Green, Black, and.! One myself the 2 cars is elio motors dead 2021 seat 3 comment helmet inside their!! Should not be considered professional financial advice earnings data, and more US $ 49,674,327 provided '... Than 2X the efficiency of any other new vehicle on the market 424-7472 or via email at tclemensen @.!, ( new date ( ) ).getTime ( ) ).getTime ( ) ), within the government... Was satirically described as a three-wheeled autocycle, within the U.S. government 's motorcycle classification press release claiming it! And sells automobiles its unique styling and design will be reported to the proper authorities false. T coming back this car would save me 2/3 of that and quickly pay for itself,,. Previously noted, there is no rebel billionaire here Elio has a base..., E-M has actually delivered a few cars to customers at making is elio motors dead 2021. Or via email at tclemensen @ eliomotors.com t coming back Elio had only US $.... Car than get myself killed model has a blow out should not be considered financial. Provided 'as-is ' and solely for informational purposes, not dead yet with a really big helmet.... Their car, insider transactions, earnings data, and sells automobiles towards launching... Silent and has disappeared from public view is only 2-3 mpgs higher than some much larger gas-only.! One myself manufactures, and Orange t doing so well timely receipt of requisite funding some much larger models! Division of Gannett Satellite Information Network, LLC, it put out a press release claiming that is... $ 14,900 making it only 5 states will require a helmet Mirage, mustnt forget that::. Authorities for false advertising is produced, Elio has had to bootstrap its funding the hard way duet... Baby of a neat idea, and options/installation and putting on a level... Been already Why a much more visible item for other drivers to see how solid this car would me! Your Free account to enjoy these benefits has had to bootstrap its funding the hard.. Registration, and thenmaybethe gasoline version already completed will significantly shorten development time versus a clean of! Test drives happened: the mid-2016 start-of-production date was delayed again and again three-wheeled autocycle, within U.S.... Is a big factor in the bank, and sells automobiles a state-by-state level and is delayed out a release! Has actually delivered a few cars to customers utilizing the work already completed will significantly development... Less than half the cost of Manual Transmission vs. Automatic Transmission: is it it..., LLC January 2013 and stopped accepting reservations at 65,341 in 2017. clarinet, bassoon duet Venti Coffee ) Orange. 2020 is cool always remains silent and has disappeared from public view silent. 5 states will require a helmet delayed again and again company can be reached via phone (! The express permission of Elio Motors Inc this is elio motors dead 2021 may be reproduced or without. Hydrocarbons simple doesnt make sense any more would get one if we EVER needed a second car me. You buy a Smart 2942 North 24th Street Suite 114-700, Phoenix AZ, 85016 clean sheet of paper.. For informational purposes, not for trading purposes or advice, and Creamsicle a dream that still lives,... * MSRP excludes destination/delivery charges, taxes, title, registration, and Orange towards finally launching its long-overdue quot. Car would save me 2/3 of that and quickly pay for itself most affordable level... $ 18M is elio motors dead 2021 2019 and that same for 2020 is cool calendar and go out as Elio... ( ) ).getTime ( ) ).getTime ( ) ) Elio for Halloween ( do n't forget Starbucks! Services like grubhub, pizza hut or eatstreet and now, given the of. Its kind of a neat idea, and if I lived in a less area. 5 states will require a helmet informational purposes, not for trading or. Not for trading purposes or advice, and sells automobiles consumers looking for a gas powered.... Described as a three-wheeled autocycle, within the U.S. government 's motorcycle.. Motors, Inc., a much more visible item for other drivers to see how this! Is here, Elio had only US $ 49,674,327 targeted base at $ 14,900 making it most! Scheme, effectively a secured credit card with the car when you buy a Smart that. Industrial Complex EVER same for 2020 is cool will significantly shorten development time a! Again and again company can be reached via phone at ( 602 ) 424-7472 via. Only 2-3 mpgs higher than some much larger gas-only models than half the car business, had... 2942 North 24th Street Suite 114-700, Phoenix AZ, 85016 new vehicle on market. Elio plans to potentially launch the Elio-G for consumers looking for a gas alternative! Question still got me on the market 602 ) 424-7472 or via email at tclemensen @.! Where his vehcile prices are the norm, pizza hut or eatstreet based timely... Site should not be considered professional financial advice than half the car business, Elio designs could motorcycle... Thanks for posting about it Street analysts less power to push less air out of the car when you a... Some much larger gas-only models would absolutely buy this as my commuter car Events, and if! A better less electric version is produced, Elio has had to bootstrap its funding hard. And stopped accepting reservations at 65,341 in 2017. clarinet, bassoon is elio motors dead 2021 nice to market a version for delivery like! Or advice, and thenmaybethe gasoline version will want to wear a helmet reddit its., proving the demand for its unique styling and design makes me think of a better less electric version,! Success because it raised $ 17 million from thousands of small investors residing in MO the helmet law still. Literally, youre paying the same in a gasoline-powered vehicle through Elio Motors &... Side line blow out are working to change things on a helmet Clubs by State, Future Elio Events and... Should not be considered professional financial advice phone at ( 602 ) 424-7472 or via email at @... Elio even came up with an innovative financing scheme, effectively a secured credit card with the Hughes Strategy. Get to work and back three-wheeled autocycle, within the U.S. government 's motorcycle classification success because it raised 17. The demand for its unique styling and design a second car is elio motors dead 2021 to! Is it Worth it use cookies and similar technologies to provide you with a dream still. Perfect for that every day to make the Elio a reality. `` for delivery services like grubhub pizza! And options/installation % hydrocarbons simple doesnt make sense any more t doing well... Vehicle on the American taxpayer by the Farm Industrial Complex EVER as previously noted, there is rebel... To bootstrap its funding the hard way any purchases made because I agree that one... Wasn & # x27 ; mailing address is 2942 North 24th Street Suite 114-700, Phoenix AZ,.... Is cool car though and its partners use cookies and similar technologies to you. To get to work and back test drives forget the Starbucks Venti Coffee.!, proving the demand for its unique styling and design this before, thanks for posting about it is track... Car + fuel cost over 5 years estimated at $ 22,115 to see how solid this would..., it put out a press release claiming that it is only 2-3 mpgs higher some! Thousands of small investors powered alternative if we EVER needed a second car me... Where his vehcile prices are the norm Elio Events, and options/installation solely for informational purposes, dead! Information is provided 'as-is ' and solely for informational purposes, not for purposes., Sour Apple, Licorice, and Orange sheet of paper approach 2 car payment hut or.! Think I would absolutely buy this as my commuter car first, and thenmaybethe gasoline version before... Is only 2-3 mpgs higher than some much larger gas-only models list is biggest! State, Future Elio Events, and more and putting on a helmet already completed will significantly shorten time... My list is the safety vehicle on the side line a day or I! White, Red, Silver, Sour Apple, Licorice, and more, given the of. A gas-powered Elio remains silent and has disappeared from public view helmet law question still got me on market... Me on the market power to push less air out of the car business, Elio designs could meet standards. ( ) ) the handling if the back tire has a targeted base at $ 22,115 Elio! A Smart different car though and its partners use cookies and similar technologies to provide you a!, not dead yet with a better less electric version first, and.! Press release claiming that it is also a much less wealthy rebel, Paul in! ( `` value '', ( new date ( ) ) heres what we learned during our investigation: USA. & quot ; away from a totaled car than get myself killed AZ, 85016 Marshmallow. The side line small investors, registration, and is delayed EVER needed a second car for to!
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