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Re: IPO$ post# 269

Sunday, 02/28/2016 11:43:37 PM

Sunday, February 28, 2016 11:43:37 PM

Post# of 1855
Elio Motors has said they'll make about $1000 profit on each vehicle.

Where things would get very interesting, is if either of the bills in Congress, submitted on their behalf by Sen. Vitter and Rep. Moolenaar or their schmoozing/consulting with former NHTSA chief leads to an "autocycle" category in the Title 49 of the Federal Code. Elio has designed their vehicle to be equivalent to automobile safety standards even though it, like all vehicles with less than four wheels, is federally classified as a motorcycle (the Elio will have a motorcycle VIN), if they happen to get that designation, they will be able to participate in the CAFE credits standards program. They could practically give the vehicle away and still make a profit off of selling credits to all the other manufacturers struggling to get their fleet averages up.