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post #1 of 312 (permalink) Old 03-14-2016, 03:33 PM Thread Starter
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Elio UPDATE and it's not good . . .

Mar 14, 2016 @ 12:13 PM Forbes says -

Three-Wheel $6,800 Delayed (Again), Could Be Too Little, Too Late

The official launch of Elio’s tiny three-wheeled, two-seat 84-mpg car has been delayed yet again, with the company now suggesting it will debut sometime during 2017 “at a date to be determined as the company continues to seek additional funding.”

In the meantime, the first 100 pre-production models, set to be assembled at the company’s Shreveport, LA factory during the fourth quarter of 2016 (where, ironically, Hummers used to be built), will be offered to one or more fleet buyers, essentially to raise cash in the interim.

http://www.forbes.com/sites/jimgorze.../#3184712c56c6
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post #2 of 312 (permalink) Old 03-14-2016, 07:22 PM
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No surprise there....


And in 2017, they will delay it until 2018, unless the whole thing goes belly up first...

Hate to say "I told you so", but I told you so...

I spent way to many years in automotive seeing what it takes to make a successful vehicle, and Elio has none of it.

Truthfully, it's a shame. It is an interesting concept, but it's poorly executed, and WAY under-funded...
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post #3 of 312 (permalink) Old 03-14-2016, 07:38 PM
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This is not new info. the only thing different is who will get the first 100 off the line. At any rate, I do not want to punch a dead horse, My smart is still going strong and I can wait. Time will tell....
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post #4 of 312 (permalink) Old 03-14-2016, 08:12 PM
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According to Elio's SEC filings, those first 100 cars were for internal testing only, not to be sold off...But they're going to sell them anyway. It's a pathetically desperate cash grab...and not likely to please the SEC or Elio's backers.
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post #5 of 312 (permalink) Old 03-14-2016, 08:18 PM Thread Starter
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This is not new info. the only thing different is who will get the first 100 off the line.
The cost to fire up "The Line" for only 100 (fleet vehicles) would seem cost prohibitive, probably better handled by their new partner Roush?
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post #6 of 312 (permalink) Old 03-14-2016, 08:23 PM
 
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I hadn't heard of Roush being on board until this article.

What's in it for them? How much stake do they have? Dicey move.
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post #7 of 312 (permalink) Old 03-14-2016, 08:29 PM
 
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I probably bought the world's most expensive T-shirt at $1,000 when I grabbed an early spot in the Elio line back in November of 2013 (#1,957 out of over 50,000 so far) Needless to say, I've got my fingers crossed for them to succeed.
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post #8 of 312 (permalink) Old 03-14-2016, 08:32 PM Thread Starter
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Life can be like that, many of us have our own bad memory "$1,000 t-shirt" . . .

March 4, 2016 Shreveport, LA

http://www.ksla.com/story/31387742/e...more-to-invest
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post #9 of 312 (permalink) Old 03-14-2016, 08:35 PM
 
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I was there! So were thousands of interested others. Literally
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post #10 of 312 (permalink) Old 03-14-2016, 09:12 PM
 
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Elio UPDATE and it's not good . . .

Wondering what would have to happen for Elio to announce "game over."
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