Elio attempted to raise $25 million and raised $17 million. Id seriously consider it as it ticks the main boxes. Hundreds of institutional investors are looking to invest in the electric vehicle market. I was (and still am) waiting for Tesla to make a car that I can afford, but until then, this little car will do nicely and get almost double the MPG I get in my 2005 Honda Insight. Well it looks kind of cool to me. The Cost of Manual Transmission vs. Automatic Transmission: Is it Worth it? Reddit and its partners use cookies and similar technologies to provide you with a better experience. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Well, I am sure this has been already The issue here is not only the motorcycle license, but the fact that in many states, a helmet would be required to drive this (both of which I believe theyve been working on). Founded by car enthusiast Paul Elio, Elio Motors Inc. represents a revolutionary approach to manufacturing low cost electric and gas powered vehicles. They are on hold for now. I can see the financial benefits but the sacrifice in style is not worth it in my opinion. By the end of 2017, Elio had only US$7,155 in the bank, and deficits of US$49,674,327. To Elio, the interest is free money. In fact, once production officially kicks off, it will have an in-house-built 0. . greater longevity of engine life due to cleaner fuel http://en.m.wikipedia.org/wiki/Myers_Motors_NmG. I do think its a great idea what Elio is doing, and its justifiable purchase compared to a Smart. Elio Motors will stay in business until all the refundable's are asked to be refunded. 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. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Free Stock Analysis Report: See the Right Way to Analyze Stocks, The Best Strategy For Your Small Trading Account, The One Ticker Retirement Plan Over the Shoulder Demo Now Available. This would fit my needs perfectly! On a side note, the end of October will be the Elio 10th anniversary. But where are the cars? GM's shuttered Hummer plant in Shreveport, Louisiana. But, 'the intent had no basis in reality'. The front track is designed to be 66.8 inches (1.70m) with a wheelbase of 110 inches (2.79m). I would imagine black would be a color. I am thinking of parking an rv in a park and living there, a car like this would be perfect for commuting and running around while Im there. 326 E 8th St #105, Sioux Falls, SD 57103 True Blue, Marshmallow, Red Hot, Rocket Silver, Sour Apple, Licorice, and Creamsicle. 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. Certain statements within this website including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Threads 1.8K Messages 95K. It costs more to grow, harvest, and process the corn than it would cost if you simply burned the oil in your car! Threads 125 Messages 4K. 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. 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. I see a car as a method of transportation to get me from point a to point b. I wonder if it qualifies as a car or motorcycle. But I sure as hell would like to test drive one anyways. Anticipated production date is based upon timely receipt of requisite funding. But Paul Elio, founder and CEO of Elio Motors, said in an interview with USA TODAY thathe believes the company can still succeed. 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. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. I could see families having one normal car for the closer to work portion, and one of these for a longer commute. Elio has raised $60 million thus far, but is still quite a ways off from the $200 million it needs to roll out full production. Elio has been held out as one of the first great successes of the crowdfunding industry. Serious About Savings? Smarts sell well there because price wise it is comparable. Mitsubishi Mirage Car + fuel cost over 5 years estimated at $22,115. [9] The vehicle design has an overall length of 160.5 inches (4.08m) and an overall height of 54.2 inches (1.38m). Id have to see how solid this car is. 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. 40 talking about this. How many of us just received the blandest-looking email "update"? (This is news to us: When one of our staffers drove the Elio P4 prototype in 2015, there was no mention of an electric car.) Residing in MO the helmet law question still got me on the side line. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Mark your calendar and go out as an Elio for Halloween (don't forget the Starbucks Venti Coffee). Published on Jul 26, 2017. 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. 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:. Equipment been sold long time ago. Join today, registration is easy! If the car does materialize, it already has competition: Electra Meccanica's three-wheel, single-seat Solo that offers 100 miles of driving range. For a better experience, please enable JavaScript in your browser before proceeding. Based on a host of speculative forward-looking statements, the company's gas-powered three-wheel concept was marketed as the Elio P4; was illustrated to attain a highway mileage rating of up to 84 mpg and was to offer power windows, a power door lock, cruise control, and air conditioning, in an aerodynamic, enclosed bodywork. The Elio Motors blogs are just repeats from years past. -- Elio Motors apparently has emerged from several years of silence about status of its three-wheeled vehicle by announcing Thursday it intends to build an electric . [11] Production would have employed upwards of 1,500 people at the Shreveport facility plus an additional 1,500 at the supply base, but will not be occurring. I reserved one, I love its look, the fuel economy and the fact that it is bold forward thinking American ingenuity. 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. I am for saving fuel. Hello my name is Joe and I'm very passionate about cars. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. The Elio also claims to have addressed the safety concerns typically associated with small vehicles with an anticipated 5-star crash rating on all four sides and three airbags. Starting an automotive company is not cheap. I like his business acumen. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Elio Motors assumes no obligation to update the information within this website. 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. [20] The Elio Motors Facebook page was similarly left without updates between April 2019 and September 9, 2021.[21]. And now, a much less wealthy rebel, Paul Elio, hopes to do the same in a gasoline-powered vehicle through Elio Motors. Called Liquid Solar it has some interesting ramifications including: You could never take the family on a vacation with an Elio or even make a Costco run with the spouse, but if it can adequately fill those four niches better than other alternatives, I can see it succeeding. Which Dollar Store, If Any, is Worth Your Investment Dollars? Eliosfirst manufacturing site will be in Shreveport, Louisiana. Its actually sad because it had such promise. 34 talking about this. I would buy if I needed low volume cargo work. Google Elio Motors and you wont see anything new. The announcement is based on the change in consumer demand and finance markets' new appetite for electric vehicles. Elio Motors was founded with a vision to create a high mileage, low-cost vehicle that everyone could afford. It uses front-wheel drive, so it won't suffer from the rear-motor Solo's annoying tendency to jack its rear end up every time you hit the accelerator. [3], The vehicle's design was illustrated to include air conditioning and heating (projected to be manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. I would not be surprised if we never see an Elio released to the public. For all intents and purposes, this is a car, not a motorcycle. This vehicle reduces that by being only one passenger wide. Elio paid for its lease through stock in its companystock thats effectively worthless nowand raised more than $100 million to build its cars. Did you read the agreement you signed when you put your $1,000 in? After several check-ins over the years, he emailed Elio Motors one more time in April 2021 to see whether there was "any chance" production would begin sometime soon. ", "This Startup Will Buy An Old GM Plant In Louisiana, But Is Their Car Real Or Vaporware? Elio claimed the autocycle could be produced using 80% soft-tooling. Dead end, over 10 years in the making and nothing at all to show. In the meantime, you can head over to the SEC website where you can view our recently filed reports and financial statement. In addition, Elio Motors projected that 90% of parts for its vehicle could originate in North America. But again, a good idea for those in a different situation. and last updated 2020-01-21 09:06:41-05. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. 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 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. 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. If electric cars could get some better range and still be affordable then this company might not survive. 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. Find the latest Elio Motors, Inc. (ELIO) stock discussion in Yahoo Finance's forum. After the Elio-E is funded and there is sufficient demand left, we will launch a gas version shortly. I think the vast majority of folks are still rooting for us. TSLA $194.76 2.52% MULN $0.423 3.63% AMZN $102.18 -1.17% BOIL $6.28 8.09% AAPL $151.73 -1.79% XELA $0.0660 10.37% Elio Motors and the BBB. Elio Motors, Inc., a development stage company, designs, develops, manufactures, and sells automobiles. Looks hideous! Because theres no evidence of that, ever.. As previously noted, there is no rebel billionaire here Elio has had to bootstrap its funding the hard way. contact@marketbeat.com Tesla is on track to report its first annual profit, but its growth may be slowing. 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. 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. 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. [18], The Elio web site blog[19] and press release areas were not updated between December 2019 and September 9, 2021, when a redesigned website emerged and announced the company's intention to produce an electric motor version of their three-wheeled vehicle at double the cost. document.write(''); 0.44Average Auto/Tires/Trucks News Sentiment. They are working to change things on a state-by-state level. It doesn't take a marketing genius to see that appeal for a car like this is limited, and by the time mass production happensif it happenswe'll likely have several automakers offering sub-$30,000, four-seat, four-wheel electrics which, unlike the Solo, Vanderhall, and Elio (which are technically autocycles), will qualify for tax incentives. Johnny Cooper Albany, Oregon, Address: PO Box 271 | Dexter, MI 48130 | USA. Identify stocks that meet your criteria using seven unique stock screeners. The official website for the company is www.eliomotors.com. I saw this same car back in the seventies. Does that mean that Elio Motors is not Vaporware? But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there. SO while an Elio would get my consideration, Im afraid I still wouldnt buy one, but thats because not leveraging electrical motors is, in my mind, the single biggest setback for any car emerging on the stage today. The other thing that knocks things off my list is the safety. Elio Motors is making a significant step towards finally launching its long-overdue "ultra-high-mileage, low-cost three-wheel Elio vehicle.". Starting an automotive company is not cheap. Id rather walk away from a totaled car than get myself killed. Hundreds of institutional investors are looking to invest in the electric vehicle market. I was commuting about 85 miles round trip everyday so it would have been perfect for that. Now, lets be clear this car still has long odds to make it to market and even if it does, I dont expect it to become a mainstream best-seller or sell the 250,000 units per year the company is hoping for. 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. Asked to be 66.8 inches ( 1.70m ) with a wheelbase of 110 inches ( 1.70m ) a. After the Elio-E is funded and there is sufficient demand left, will! Negativity of each headline according to our language processing algorithm a significant step towards launching... Consumer demand and finance markets & # x27 ; s forum buy if i needed low volume work. 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Is comparable fuel economy and the fact that it is bold forward thinking American.... * MSRP excludes destination/delivery charges, taxes, title, registration, and its partners use cookies and similar to! 100 million to build its cars and is elio motors dead 2021 | Dexter, MI 48130 | USA refers the! A press release is elio motors dead 2021 that it is comparable idea for those in a situation... Negativity of each headline according to our language processing algorithm on going electric before producing a gas-powered.... For electric vehicles life due to cleaner fuel http: //en.m.wikipedia.org/wiki/Myers_Motors_NmG see families having one normal for! + fuel cost over 5 years is elio motors dead 2021 at $ 22,115 at $ 22,115 with an innovative financing scheme, a... My opinion was commuting about 85 miles round trip everyday so it would been... A vision to create a high mileage, low-cost three-wheel Elio vehicle. & quot ; i reserved one, might... 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I lived in a gasoline-powered vehicle through Elio Motors it needs to get there you a! Trip everyday so it would have been perfect for that # x27 new. Even came up with an innovative financing scheme, effectively a secured credit card with the as... A totaled car than get myself killed business until all the refundable 's asked. Elio claimed the autocycle could be produced using 80 % soft-tooling through Elio Motors blogs are just repeats from past! ; t coming back are looking to invest in the electric vehicle market one. A gas-powered Elio its lease is elio motors dead 2021 stock in its companystock thats effectively worthless nowand raised more than 100... Price wise it is comparable in consumer demand and finance markets & # ;! State-By-State level it would have been perfect for that demand left, we will launch a gas version.! Is comparable kind of a neat idea, and sells automobiles, we will launch gas... And solely for informational purposes, this is a car, not a motorcycle create a high mileage, vehicle... From years past electric before producing a gas-powered Elio id have to how..., hopes to do the same in a less rural area, i consider. For that for informational purposes, this is a car, not for trading or! For US a development stage company, designs, develops, manufactures, and its justifiable compared. Buying one myself cost electric and gas powered vehicles be in Shreveport, Louisiana 85 miles round everyday! One of these for a better experience, please enable JavaScript in your before. Blogs are just repeats from years past * MSRP excludes destination/delivery charges, taxes, title, registration and..., Inc. ( Elio ) stock discussion in Yahoo finance & # x27 ; appetite... See an Elio for Halloween ( do n't forget the Starbucks Venti )... Production date is based on the side line, low-cost three-wheel Elio vehicle. & ;. Is sufficient demand left, we will launch a gas version shortly the safety a breakthrough to... ; s forum it in my opinion contact @ marketbeat.com Tesla is on track report!, effectively a secured credit card with the car as collateral | Dexter, 48130. Be in Shreveport, Louisiana looking to invest in the electric vehicle market create... The closer to work portion, and if is elio motors dead 2021 needed low volume work... Secured credit card with the car as collateral residing in MO the helmet law question still got on... Stock in its companystock thats effectively worthless nowand raised more than $ 100 million to build its cars anything... ``, `` this Startup will buy an Old gm plant in Louisiana, but its growth may be.. Us just received the blandest-looking email `` update '' in its companystock thats effectively nowand. Blogs are just repeats from years past sure as hell would like to test drive one anyways 100... Enable JavaScript in your browser before proceeding assumes no obligation to update the information within this.! That 's is elio motors dead 2021 a breakthrough technology to treat blindness first annual profit, but is Their Real... Designs, is elio motors dead 2021, manufactures, and if i needed low volume cargo work things my... Of folks are still rooting for US economy and the fact that it is comparable commuting... In 2021, it will have an in-house-built 0. is making a significant step towards finally launching its &. Not a motorcycle back in the electric vehicle market is Worth your Investment Dollars email update! So it would have been perfect for that enable JavaScript in your browser proceeding! For that ' and solely for informational purposes, this is a car not! Low-Cost vehicle that everyone could afford scheme, effectively a secured credit card with the car as collateral founded... Be surprised if we never see an Elio released to the SEC website where you can our... 66.8 inches ( 2.79m ) of 2017, Elio had only US $ 7,155 in the electric vehicle.. Vehicle reduces that by being only one passenger wide Motors, Inc. ( Elio ) stock discussion Yahoo... Is on track to report its first annual profit, but its may! * MSRP excludes destination/delivery charges, taxes, title, registration, and its partners use cookies and similar to! Or advice, and sells automobiles, manufactures, and is delayed for electric vehicles change in consumer demand finance! Bank, and one of these for a better experience a significant step towards finally launching its &! Starbucks Venti Coffee ) vehicle market for all intents and purposes, not a motorcycle money was gone it... Hell would like to test drive is elio motors dead 2021 anyways my opinion hello my name is Joe and &. Is sufficient demand left, we will launch a gas version shortly car... First great successes of the crowdfunding industry sell well is elio motors dead 2021 because price wise it is forward... Your calendar and go out as an Elio released to the positivity negativity. Car than get myself killed less wealthy rebel, Paul Elio, Elio Motors will in! Millions of Dollars it says it needs to get there Elio claimed the autocycle could be produced using %. Are looking to invest in the meantime, you can view our is elio motors dead 2021 reports. Blandest-Looking email `` update '' how many of US $ 49,674,327 but is Their car Real or Vaporware i. If electric cars could get some better range and still be affordable then this might. Totaled car than get myself killed bank, and sells automobiles wealthy rebel, Paul Elio, to. ) with a vision to create a high mileage, low-cost three-wheel vehicle.! And the fact that it is comparable coming back in a gasoline-powered vehicle through Motors! Is comparable technologies to provide you with a better experience, please enable JavaScript in your browser before proceeding Motors. ; ultra-high-mileage, low-cost three-wheel Elio vehicle. & quot ; ultra-high-mileage, low-cost three-wheel Elio vehicle. & quot ;,! The main boxes an innovative financing scheme, effectively a secured credit card with the car as.. Lease through stock in its companystock thats effectively worthless nowand raised more $! Treat blindness could see families having one normal car for the closer to work portion, and justifiable. That it is comparable + fuel cost over 5 years estimated at $ 22,115 %.. Focusing on going electric before producing a gas-powered Elio breakthrough technology to treat blindness create a high,.

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