Elio Motors Inc. (ELIO)

[jimmirehman]

wtf

[Greenpower1]

You have to roll back the clock to 2008 (when Elio Motors was formed) then you'll see how it was a company that spent 4 years trying to get investments or partners. They actually got investments and it kept them going. In 2013, they leased the plant and took a loan out on the tooling and started taking reservations. Problem was, they defaulted on the lease and loan. Loan defaulted to 18% interest (on $26M) and fines and penalties for being late on lease payments. Then there was the jobs plan of having 1500 people employed by 2015. That resulted in a $7.5M fine. Right there, they were hoping the interest in the product was going to take off, yet it didn't. Not enough money coming in and too much going out. It became obvious, they were a sinking ship. I seen this in 2015. Yet others just thought they would somehow pull through.

Here we are 9 years later and I'm right. Paul is selling used cars in Phoenix, plant is leased out to someone else, no website and no communication from the company. Soon, it'll be delisted. Then we start the next group of delisted traders that hope the company will come back from the grave.

[PennyStockDabbler]

filingsonly showthey didn't understand their own business plan.

The SEC filings only document how they made too many expensive choices.

It shouldn't have cost so much and wouldn't had they stuck to the plan and not started redesigning the thing to be just like a car.

Of course, it is easy to speculate that it could have been a smokescreen for hemorrhaging cash.

[abracky]

LOL

https://eliomotors.com/

GO HERE...LOL

[Greenpower1]

Check out the latest exciting updates at eliomotors.com. It's the best as it comes from the boss's mouth.

[abracky]

Scam company.

[splintered sunlight]

in the meantime it is worthless.

[Greenpower1]

You obviously do not know how some Saturns and a Fiero are made. Plus do not know they were failures. Then you never read the SEC filings and seen how much in total they needed to get the business running. Instead, we might as well go back to the NFL kneeling at the games as to why Elio never got funding. Make things up and hope people will take a sub penny stock and the price raises all because of some convoluted information. As you already know, Elio Motors site is down (again). Maybe if we talk about it enough, the stock price will go up, Paul will be able to cash out and walk away.

[PennyStockDabbler]

Show one high volume cheap vehicle: Fiero, Saturn.

"Show me one high volume cheap vehicle that is made from a space frame." Pontiac Fiero, every Saturn ever built.

Its startup costs are lower. Fiero was also one of the safest vehicles of its size in '84-88 from the standpoint of crash resistance.

"If you actually took the time to read the SEC filings (which you haven't) you'd see why they were hemorrhaging cash. I ask you this, 'Why do you refuse too?' "

I don't refuse to. It sounds like you let them tell you whatever they want.

They led everyone to believe they went in with a lower cost startup plan. The three wheels would not require the same level of emissions compliance or crashing 90 different cars to ensure crashworthiness. Then they start wasting money pursuing unnecessary things which probably increase their tooling costs tenfold like going to steel stampings for the unibody.

It's almost as if Elio didn't understand the point of his own plan.

They did say they needed $378 million, not 600.

[Greenpower1]

Welded space frame costs way too much over a unibody. Show me one high volume cheap vehicle that is made from a space frame. Remember, they were to be making 250K of them per year and selling the final product (with full HVAC, power locks, power windows and three airbags) all for $6800 (then changed to $7450". So that's the criteria. At the time, same volume as a Honda Civic.

If you actually took the time to read the SEC filings (which you haven't) you'd see why they were hemorrhaging cash. They are out there for free on the internet. It just takes time to read them and you wish not to. I ask you this, "Why do you refuse too?"

[PennyStockDabbler]

The switch from a low cost plan to a higher cost plan suggests they were hemorrhaging cash. What was wrong with a welded space frame?

[Greenpower1]

You do know they only raised $110M and needed $600M. So they ran out of cash.

Making those early mistakes of 18% interest on a $26M loan back in early 2013 or defaulting on the plant lease then paying penalties on that. How about the worker program where they needed to have 1500 jobs by 2015. That racked up another $7.5M. Let's not forget the lobbyists they paid to change all of the rules for autocycles. Yes, they needed to pay the people doing all of the redesign and their vendors and rent on the place in MI.

When you run out of money, you close shop and hope some other way of bringing in cash will happen. It didn't and thus, it's over. They have tried things like Crypto and even announcing an EV, yet no investment. Thus, they are playing out the clock and will go away.

[PennyStockDabbler]

What cost hundreds of millions? Can you point to where the money went?

Obviously they ran out of money. That's practically what I said.

World class automobiles cost that and more to develop but they crash test around a hundred of them and wind up with a world class design and a ready factory and supply chain. I doubt Elio exhaustively tested the few prototypes.

And, if they were running short of funds, why did they drop their low startup cost plan and redesign it to be a unibody?

[Greenpower1]

They ran out of money. That's the reason why they stopped.Read the SEC filings and you'd informed of that.

[PennyStockDabbler]

You may not realize what you are hearing.

Suppose a gang put the bite on a company. Suppose the company started with a simple, easy-to-implement design but got talked up to re-engineering their design to make more use of the local talent. Perhaps they had to pay a security deposit to the gang and hoped to get it back when they proved they were staying by re-engineering the car for stamped steel?

Suppose the gang let on the company would be in production soon but what they were actually excited about and eagerly awaiting, was their (the gang's) receipt of more money.

Where did it all go? Were hundreds of millions really spent creating five prototypes?

Didn't it rather seem like they stopped trying at some point? Aren't the chosen colors a bit unrealistically obnoxious? I don't even see very young people driving cars with such plain, bright colors; and there aren't any choices for more conservative tastes. There are probably off the shelf shades which are more conventional.

[splintered sunlight]

Let me know when it does - thanks

[Greenpower1]

It has. Something is gonna happen soon.

[splintered sunlight]

Great - maybe we will move up to 0.0005!!!!!!!

[Hystart]

I thought I heard Elan has selected them as the Mars rover.

[splintered sunlight]

Did they mention anything about landing it on the moon?

[abracky]

Misinformation. Put it on CNN, MSNBC,ABC, NBC, CBS, GOOGLE, & all the other FAKE NEWS MEDIA.

[Hystart]

Right, and the will get 1,000 miles between charges and only cost $7,500. Rubish

[abracky]

Show documented proof. Never happen.

[Greenpower1]

Elio is in production for the EV version. Excited.

[splintered sunlight]

Except it's not the bottom, LOL.

$0.00001 is.....

[Hystart]

It finally hit the bottom $0.0001. Surprised it took this long

[Greenpower1]

Are you sure. SOLO is just down the street from Elio and has open EV plant ready manufacturing.

[abracky]

There is no plant. It's a scam company for the last time.

[Greenpower1]

The HQ does not mean where they are building them. For example, Stellantis is located in Amsterdam and builds products in other locations. For example the Dodge Ram is made in Michigan. I just want to know where the new Elio plant is as they have their HQ in Phoenix yet a plant in LA.

[abracky]

Where is Elio Motors located?

Elio Motors

TypePublicFounderPaul ElioHeadquartersPhoenix, Arizona , United States

[splintered sunlight]

Of course it is.

Please sir, stay away from the ledge.....

[Greenpower1]

Anyone know where they are building the Elio EV? It's not in Shreveport as the facility is now fully occupied by other tenants. Most revently, SPB who signed a 7 year lease for the rest of the plant. Is Paul building them at his house? Maybe out behind a starbucks?

[Greenpower1]

Elio is in production for their EV. He said it was Q4 of 2023.

[splintered sunlight]

Not sure I can handle what ever he is on, LOL...

[abracky]

Can I have some of what ever your on. Or is this Paul. LOL. LOL. LOL

[Greenpower1]

I believe in Paul. He never lies.

[splintered sunlight]

Amazing, isn't not....

[abracky]

Dude. This is a scam company. You will never see a vehicle ever produced.

[Greenpower1]

As per SEC filing, they are in production for the EV version. I wonder when they will announce the first customers.

[Hystart]

The Claims came from a BS Artist. Same Artist that crushed the company

[TRUSTUNITS1000000]

Funny volume

[Greenpower1]

They did function yet none proved the claims that they made.

[mdb1]

The prototypes did work. But now they are going EV -- so now they have nothing that works. This company had so much promise to fizzle into nothing. Oh well.

[splintered sunlight]

I know I will....

[Greenpower1]

Just wait. The wave of sub penny stock traders is coming. Look for many posts of asking the management for an update, not many shares outstanding and assets or patents that could be worth millions or billions. Elio is on the list of the next one to try to trick people into buying stock. You'll see.

[splintered sunlight]

LOL

Too true!!!!

[Greenpower1]

Getting paid $250K per year to do nothing is a good gig. I wish I could do that. On the other hand, Moller International is even a better example of doing nothing and making way more than Elio ever did or will. So the scam is this. Make as much as you can early on and just cruise down the road all hoping that the sub penny traders try to crank up the stock price. When that doesn't work, use AI to make a new press release and thus crank out your next paycheck.

[Greenpower1]

5 prototypes exist. If they actually work, the management would have to tell us. Since there are 65k people asking for management to give us an update and nobody answers, shows that they do not care. Plus, Elio only has two employees and the founder is one of them. He pays himself $250K per year to only accumulate another $17M per year debt.

[abracky]

Mr. Elio got rich from a company he never produced. IMO

[TRUSTUNITS1000000]

So does the car exist, a working prototype