Elio Motors Inc. (ELIO)

[Greenpower1]

Elio will have to declare bankruptcy before they can go further. Erase all of the debt and start over again. They already announced in their SEC filings that they might have to declare bankruptcy in 2023. Building up over $230M in debt and generating an additional $20M in debt by the end of 2022, is a sign that they are just bilking this until the end.

They make $20M in debt by doing nothing. Quite impressive. All while Paul gets a $250K paycheck.