Elio Motors Inc. (ELIO)

[foo_dd]

i does kinda matter where they are in the process.

yes, starting a new car company is hard... yes, it has not been done for a long time... yes, you want the product to be good, when it does go to market.

the PROBLEM is that, as a company, Elio told people they had that part worked out 3 years ago. and as soon as it became clear they could not make that date... they redesigned the engine. as soon as it became clear they could not meet the next date, they made a new prototype.... as soon as it became clear they could not make the next date, they announced the E-series build. they respond to every delay in production, with further engineering that 1) undermines their original goal of using off the shelf parts (parts as unique as most cars, at this point) 2) costs a lot of money they don't have 3) is designed to show continued momentum, but actually does more to place the competence of the team in question (if they "needed" this extra engineering, then how could they have possibly thought they would be making cars 3yrs ago)

second problem.... even the E-series build is outsourced. Elio has still never made a single vehicle.