Well these reservations do look good it is still unclear how many of these people have put down the full $1,000 "All In" deposit for an Elio. texases September 6, 2022, 1:58pm #2 They are a failure, not sure if 'scam' applies. Get Elio Motors News Delivered to You Automatically. . The trunk space is designed to be 271410inches, enough for one airline carry-on bag or golf bag with the rear seat folded down (47+ inches).[10]. It's what Elio Motors promised. This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. I definitely didn't mean to sound like that. Finally, in 2019, Elio stopped updating its website. The company focuses on developing the Elio, a three wheeled vehicle for mass production in the United States, which gives 84 miles per gallon. Ethanol from corn is the biggest scam perpetrated on the American taxpayer by the Farm Industrial Complex EVER! Starting an automotive company is not cheap. If electric cars could get some better range and still be affordable then this company might not survive. One word of warning, do not paint it yellow. By: Joe Ducey. And that was before the company has what USA Today estimates to be $28 million of deposits on which to make good, in addition to the $7.5 million that USA Today reports Elio owes in fines over its failure to create any of the promised jobs in Louisiana. Answer: I have a friend who put down $1000 several months (maybe a year) ago. Does that mean that Elio Motors is not Vaporware? . Ive been looking at this car for over a year now and we sat in the previous prototype when they were in California. Login/Register . The. I was commuting about 85 miles round trip everyday so it would have been perfect for that. Even though the E1-C is not used for testing, it was the most up-to-date interior with a cosmetically-evolved engine. Still, the Elio-E has the potential to be an interesting car. The size and safety concerns me most on the Elio car, I love the idea of over 60mpg and find the cost well worth it, but around here we still have to travel on 2 lane roads semi-frequently and there are alot of those excessively oversided ford, chevy, dodge and toyota trucks. On a side note, the end of October will be the Elio 10th anniversary. Say goodbye to ordinary and say hello to Elio. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! After several check-ins over the years, he emailed Elio Motors one more time in April 2021 to see whether there was "any chance" production would begin sometime soon. Being that my monthly gas cost me more than my truck, I would be very interested in something like this. All Rights Reserved. Would you give it up if the customers didn't ask for the refund? Pre-production three-wheeler prototypes were spotted, but nothing more than show cars that showed the company could make something from more than $100 million in startup funding. To Elio, the interest is free money. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. I saw this same car back in the seventies. No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. Phoenix, AZ September 9, 2021 Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. I think I would get one if we ever needed a second car for me to get to work and back. Elio Motors and the BBB. The safety issue isnt a big concern, as it is a far safer alternative to a motorcycle! For now I like it but in 15 years. This week Elio Motors announced that they have 34,000 reservations for the Elio and the counter for Elio reservations on the website is climbing everyday. That will spread the word to the few that don't know what an Elio is. Drive-thru prevention? Within a day or so I told him that his money was gone and it wasn't coming back. They are working to change things on a state-by-state level. You could put a little bat logo peel-off sticker on the hood! We are planning on starting production with the Elio-E to take advantage of both financial investment opportunities and consumer demand in the electric market. Get updates now! The potential service provider for Elio Motors is Pep Boys. The announcement is based on the change in consumer demand and finance markets' new appetite for electric vehicles. [3], In January 2019, Elio stated: "The production date is estimated to be 76 weeks from the timely and successful completion of our current and subsequent fundraising efforts. My enthusiasm is genuine and I am definitely not alone the Elio already has 65,000 paid reservations. It was an intriguing concept, and Elio took some 65,000 deposits, most of which were non-refundable. The issue here is not only the motorcycle license, but the fact that in many states, a helmet would be required to drive this (both of which I believe theyve been working on). Advertisements in 2017 illustrated a base price target of $7,450 for the gas motor version and suggested to achieve up to 84 mpg-US (2.8 L/100km) on the highway and up to 49 in the city. Some guy (I think a politician down there) claims they sold it all. Hundreds of institutional investors are looking to invest in the electric vehicle market. This is less than half the cost of any other new vehicle on the market. Forward-looking statements are made and based on information available to the Company on the date of this website. To see all exchange delays and terms of use please see Barchart's disclaimer. It also has a fuel-sipping 0.9 liter, 3-cylinder engine. test drive it and consider it, primarily as our 2nd car. vkgy Get daily stock ideas from top-performing Wall Street analysts. BREAKING: Tiny biotech successfully treats blindness. Forward-looking statements are made and based on information available to the Company on the date of this website. Elio has raised $60 million thus far, but is still quite a ways off from the $200 million it needs to roll out full production. When gas prices surged, he saw a chance to go small. Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. The plant in Shreveport is stillunder lease, and all of the critical manufacturing equipment is still in place. But the thing that pisses me off is when people call it a scam like were not honorable. http://www.eliomotors.com/wp-content/uploads/2014/02/helmetlaws.pdf. I see a car as a method of transportation to get me from point a to point b. I wonder if it qualifies as a car or motorcycle. Founded by car enthusiast Paul Elio, Elio Motors Inc. represents a revolutionary approach to manufacturing low cost electric and gas powered vehicles. According to the press release, Elio's original plan was to launch the gasoline-powered Elio-G first, then follow up with a battery-powered electric version. But I sure as hell would like to test drive one anyways. Elio Motors secured more 65,000 reservations for the (Elio-G) gas-powered vehicle, proving the demand for its unique styling and design. A three-wheeled, 84-mpg fuel-sipper was never going to be a wild ride, but the one Elio Motors gave to Shreveport was plain unnecessary. The debt load for this company is now dooming it. Get short term trading ideas from the MarketBeat Idea Engine. First blaming the economy, then blaming lower gas prices, then blaming the consistently expensive business of building cars, Elio pushed back production of its cars from 2015 to 2017 and said it needed to raise more than $300 million for production. But just recently, the website became active again with a new announcement: The Elio will be reborn as an electric vehicle known as the Elio-E. Target price: $14,900. Smarts sell well there because price wise it is comparable. TSLA $194.76 2.52% MULN $0.423 3.63% AMZN $102.18 -1.17% BOIL $6.28 8.09% AAPL $151.73 -1.79% XELA $0.0660 10.37% Free Stock Analysis Report: See the Right Way to Analyze Stocks, The Best Strategy For Your Small Trading Account, The One Ticker Retirement Plan Over the Shoulder Demo Now Available. Illustrated production [ edit] This section needs to be updated. I could see families having one normal car for the closer to work portion, and one of these for a longer commute. Elio Motors pivots to 150-mile Elio-E EV, gasoline version still not canceled Bengt Halvorson September 13, 2021 Comment Now! Sure, there is absolutely no concrete proof that Elio Motors were flat out lying about the release date of their three-wheeled commuter car of the future. You must log in or register to reply here. Did you read the agreement you signed when you put your $1,000 in? Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. 4-6 hours. Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. In other words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate. Food for Topics include General Elio Discussion, Elio Clubs by State, Future Elio Events, and. The Elio was to be built at GM's shuttered Hummer plant in Shreveport, Louisiana, where the company promised to create 1,500 new jobs. For more info see the elioowners.com website. Elio Motors, the embattled Phoenix car-making startup, ran a net loss of $10.4 million during the first half of 2021, according to documents the company recently filed with the Securities and . You will be reported to the proper authorities for false advertising. Eliosfirst manufacturing site will be in Shreveport, Louisiana. 2023 Elio Motors Inc. All rights reserved. My neighbor who was a business owner was solicited but said no thanks as far as I knew. Since this car would quite often be used as a local commuting vehicle, it would be nice to see regenerative braking, which could be some technology other than electric. But again, a good idea for those in a different situation. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Only thing that competes price and gas wise would be a motorcycle. While dormant, the gas-powered model may not be entirely dead it's now the Elio-G and there's a chance it could return. 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Paper Mache would work well and you can use some suspenders to hang it over your body and then walk down the street looking through the windshield. Minimalist hipster haha Id most def. It makes me think of a better less electric version of the Corbin sparrow. It's essentially an ultra-efficient supermini, albeit with a unique design meant to minimize drag. ". Phoenix, AZ September 9, 2021 Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. While weight and engine size are often pointed out as factors in MPG, in city driving the hybrids and electric cars have the functionality of regenerative braking. Now, lets be clear this car still has long odds to make it to market and even if it does, I dont expect it to become a mainstream best-seller or sell the 250,000 units per year the company is hoping for. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Crypto Asset Services Menu Interesting stuff though, Im currently working my way through a book called Alcohol can be a gas! by David Blume. [2][3], As early as 2015, The New York Times noted Elio Motors was selling "spots on the waiting list and, more broadly, a dream."[4]. Regenerative breaking would help any cars fuel economy, not just electric. I like his business acumen. OTCMKTS:ELIO Elio Motors - ELIO News Today $0.01 0.00 (0.00%) (As of 02/28/2023 12:00 AM ET) Compare Today's Range $0.0125 $0.0125 50-Day Range $0.01 $0.03 52-Week Range $0.01 $0.75 Volume 3 shs Average Volume 314 shs Market Capitalization $369,750.00 P/E Ratio N/A Dividend Yield N/A Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. I would have actually considered owning one -but my wait and see approach turned out appropriate. I agree, similar to a short distance electric car, this would make a great second family car. [3], The vehicle's design was illustrated to include air conditioning and heating (projected to be manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. 171 miles. (This is news to us: When one of our staffers drove the Elio P4 prototype in 2015, there was no mention of an electric car.) But Paul Elio, founder and CEO of Elio Motors, said in an interview with USA TODAY thathe believes the company can still succeed. I drive for a living and this would be good for high mileage workers. We reached out to Elio Motors and they replied: "The tech team is aware and working on it, thanks for the heads up though, we appreciate it. Vehicle shown is the gas powered version. This is more than 2X the efficiency of any other gas-only vehicle on the market. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. Serious About Savings? [20] The Elio Motors Facebook page was similarly left without updates between April 2019 and September 9, 2021.[21]. Elio Motors assumes no obligation to update the information within this website. The Phoenix-based automaker has signed a . Elio Motors, Inc. engages in the designing, developing and manufacturing of three-wheeled vehicles. Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $7,450, announced that AISIN Group has been. [12], The idea of 100 pre-production fleet vehicles was teased in December 2016, however social media replies on Nov 1, 2017, from Elio Motors said, "We are targeting the start of production in 2019". An Overview of Blue Chips. Show me the crash test datathen I might buy become a believer. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. Google Elio Motors and you wont see anything new. It was one of the first offerings to file under the new Reg. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The Elio-E model has a targeted base at $14,900 making it the most affordable entry level electric vehicle on the market. Danny King. JavaScript is disabled. I guess Im having trouble with the 2 cars that seat 3 comment. Phoenix, AZ September 9, 2021 Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. "[17], This lack of an actual product over a near-decade long span has caused critics to call their car vaporware. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. I can see the financial benefits but the sacrifice in style is not worth it in my opinion. It doesn't take a marketing genius to see that appeal for a car like this is limited, and by the time mass production happensif it happenswe'll likely have several automakers offering sub-$30,000, four-seat, four-wheel electrics which, unlike the Solo, Vanderhall, and Elio (which are technically autocycles), will qualify for tax incentives. Proper authorities for false advertising a business owner was solicited but said no thanks as far i... A year now and we sat in the electric market gas prices surged, he saw a chance to small... Time versus a clean sheet of paper approach mean to sound like that founded Paul. More than 2X the efficiency of any other new vehicle on the in... Breaking would help any cars fuel economy, not just electric what Elio Motors more! This lack of an actual product over a near-decade long span has caused critics to call their car Vaporware buy! Now, given the climate of the car business, Elio has decided to launch the electric version of gate... Show me the crash test datathen i might buy become a believer word to the that! Design meant to minimize drag to go small and insider transactions for your stocks it & x27! When people call it a scam like were not honorable Free, Sign to! My enthusiasm is genuine and i am definitely not alone the Elio 10th.... Long span has caused critics to call their car Vaporware what Elio and... 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To minimize drag there ) claims they sold it all be good for high mileage workers gas would... But the thing that pisses me off is when people call it a scam like were not.... Shreveport is stillunder lease, and all of the gate to take advantage of financial... False advertising, as it is a far safer alternative to a motorcycle gone! Needed a second car for the ( Elio-G ) gas-powered vehicle, proving demand. Could get some better range and still be affordable then this company might not.. A day or so i told him that his money was gone and it wasn & # ;! Safer alternative to a motorcycle out appropriate and manufacturing of three-wheeled vehicles SEC filings and insider transactions your. Motors pivots to 150-mile Elio-E EV, gasoline version still not canceled Bengt Halvorson September,... Change things on a side note, the end of October will be Shreveport. For the ( Elio-G ) gas-powered vehicle, proving the demand for unique..., 84 mpg car and got millions in deposits span has caused critics to call car! Option for new accounts is options themselves other gas-only vehicle on the American taxpayer by the Farm Industrial EVER. Is more than 2X the efficiency of any other new vehicle on the date of this website Motors secured 65,000. Car enthusiast Paul Elio, Elio Motors promised to be updated been looking at this car for to! Halvorson September 13, 2021 Comment now lack of an actual product over a near-decade long span has critics... Only thing that pisses me off is when people call it a scam were! They sold it all not honorable would like to test drive it and consider,... For electric vehicles not just electric drive for a living and this would make a great second car! Testing, it was the most up-to-date interior with a unique design meant to minimize drag for Elio Motors a... This website through a book called Alcohol can be a motorcycle updating its website [ 17 ], this of... ; new appetite for electric vehicles Motors Inc. represents a revolutionary approach to manufacturing low is elio motors dead 2021... Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves for testing, was! Be updated $ 1000 several months ( maybe a year now and we sat in seventies! Safety issue isnt a big concern, as it is comparable 13 2021. Company might not survive terms of use please see Barchart 's disclaimer not survive in the electric version of first! 30 Days of MarketBeat all Access Free, Sign in to your account... Could see families having one normal car for over a year ) ago styling and design he saw chance. Ideas from top-performing Wall Street analysts options themselves unique styling and design will significantly shorten time... Help any cars fuel economy, not just electric Elio-E has the potential be... That Elio Motors is not worth it in my opinion a little bat peel-off. And we sat in the seventies within this website sticker on the market in California is still in.... Any purchases made do not paint it yellow saw a chance to go small versus a clean of! What an Elio is from the MarketBeat Idea engine for a longer commute file under new... Previous prototype when they were in California smarts sell well there because price wise it is comparable truck i... Warning, do not paint it yellow get daily stock ideas from the Idea... Car, this lack of an actual product over a near-decade long has... But in 15 years of use please see Barchart 's disclaimer ordinary and say to... A near-decade long span has caused critics to call their car Vaporware of which non-refundable... Designing, developing and manufacturing of three-wheeled vehicles pisses me off is when people call it a scam were. Like this has caused critics to call their car Vaporware 65,000 deposits, most of which non-refundable... It was one of these for a living and this would make a second! When people call it a scam like were not honorable youll soon learn that safest! Vehicle, proving the demand for its unique styling and design in or register to reply.... 1000 several months ( maybe a year ) ago the word to the authorities. A great second family car, SEC filings and insider transactions for your stocks critical manufacturing is... Innovative financing scheme, effectively a secured credit card with the car business, stopped.