Question: Does ANYONE Still Believe in Elio Motors?

 

After years of delays, inquiries, broken promises, ridiculous PR moves, pessimistic SEC filings, and (maybe) even some outright lies, is there anyone out there who still believes Elio Motors is really going to happen?

Paul Elio Hopes You Still Believe / Send Money


Paul Elio with the Elio Motors prototype

When we first started writing articles questioning the- let’s call it “likelihood” that Paul Elio and the eponymously-named Elio Motors would ever be able to deliver finished vehicles to their customers, we were met with some pretty angry backlash from Elio supporters. Some called us tree-hugging liberals who hated everything that wasn’t electric, while others called us shills for Big Oil and the Big Three. A lot of that anger cognitive dissonance seemed to be coming from the /r/eliomotors subreddit.

But that was then. As of last count, Elio Motors needs between $64 million and $367 million to finish Job One (the first production vehicle), and that Reddit sub is, today, populated by a much more sobered, realistic group of people. People who are, in fact, asking each other the very same question I’m asking: do you still believe?

This thread on the Elio Owners website, from 2014, reads, “Those who have elected to go “all in” are True Believers and there are many factors for why we choose to be. Most of us have a passion for technology, but believe it goes far beyond this. For one I think it is the creativity of the idea that sparks us as to recognize this can be a game changer for how we look at automotive transport. We believe in Paul Elio and his team to deliver America a better form of transport that is uniquely focused on our passion for driving. At the same time we believe it is possible to build a vehicle that is on the leading edge of technology, safe, reliable, affordable, cool wrapped in a quality package. Why do we believe it so?”

That thread was re-posted the the /r/eliomotors subreddit again a few days ago, and the first response was telling. /u/Albert0_Kn0x responded with, “The irony is that elio could have opened as a small specialty manufacturer and maybe grown organically as they worked out the bugs. Instead they wanted to open huge, starting w/o either the product engineering or funding. There was a small-market feasibility to the vehicle concept. That price point, however, was never gonna happen.” Another user, /u/dunkybones, wrote, “I never thought Elio would actually succeed at its goals, but I did think I’d get a silly car for cheap before the company went bankrupt. Kind of the inverse of a Delorean.”

I don’t remember either of those guys eagerly leaping to my defense back when I compared the whole mess to the Dale scam of the 1970’s and the Elio faithful were flaming up my comments here on Gas2, but I believe them, nonetheless. I mean, after all- even the most optimistic versions of Elio’s plan didn’t add up. Which brings me back to the original question, and I’ll ask you readers more directly, this time.

Do YOU think Elio will ever deliver a fully functional three-wheeler to its customers? Do you even care, at this point? Let us know in the comments section at the bottom of the page.

 

Links to sources can be found throughout the content, above.





About the Author

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, or chasing my kids around Oak Park, IL.
  • Rick Danger

    No and no.

  • Tadeusz Piskozub

    How is that even a question anymore?

  • joewilder

    With the low price of used EVs, who would even want one?

    • That is a really excellent point- but weren’t the louder Eilonauts saying EVs wouldn’t work for them because of their long/expensive commutes or something?

      • Rick Danger

        Yeah, they all drive 90 miles to work and back every day 🙂

  • James Rowland

    At this point, it doesn’t even matter.

  • LMP-1

    This is so short sighted. Elio will break the poverty cycle, reduce our dependence on foreign oil, reduce the trade deficit and create 21K American jobs. By the end of the decade the Elio will be shipped to China, South America and Europe. It is a green machine because it reduces the carbon footprint. It even has a 5 star crash rating. 90% of the parts are from North America and on July 4th, we will all be celebrating the North America Independence. What’s not to like about the Elio? It is everything we want and then some.

    • James Rowland

      Well, it would be some of that if they had any chance of executing their plan.

    • whaaat

      5 star safety rating… for a MOTORCYCLE? bwahahaha!!!

      • To be fair, I don’t know about any star safety ratings, but the E-series builds do have many safety features and air bags. Not that any of this matters, of course, but if it went into production it would be a great deal safer than a motorcycle.

        • whaaat

          motorcycles don’t get safety ratings. Elio is federally classified as a motorcycle. Elio’s claim that they would get a 5 star safety rating SHOULD have been everyone’s hint that Elio wasn’t being totally honest.

      • Terry Melvin

        motorcycles don’t have 3 airbags..actually, they have none.

        • whaaat

          still doesn’t change the fact that the Elio would still be federally classified as a motorcycle… even if it had 20 airbags.

          • Lex

            So freaking what! Sounds like Bore-ass shilling for Musk comments. No wonder ecotwats and snowflakes are hated.

          • whaaat

            where did I mention Musk? We’re talking about Elio… you know… the company that can’t hit one target that THEY make. The one who funneled $30 million to Paul Elio’s other company, ESG Engineering. You would know all of this if you’d pull your head outa your ass and read some of Elio’s SEC filings.

          • whaaat

            the fact that Elio would even SUGGEST that their vehicle (a MOTORCYCLE) would qualify for ANY safety rating should have been a hint that something was amiss and that they weren’t being totally honest.

        • Gene Hyers

          The Honda Goldwing has an airbag option.

        • Well, actually you can get Honda Goldwing motorcycles equipped with an airbag. You will also find airbag equipped motorcycle jackets equipped with airbags growing in popularity and becoming affordable.

          Motorcycles also have markedly better visibility, braking, and acceleration. They likely also have better handling, but we’ll never know since no Elios will ever be road tested by journalists at a track.

          • Terry Melvin

            I didn’t know you can get an airbag on a Gold Wing..I wonder where it’s mounted..and the airbag jackets are a great idea too. Thanks for the heads up.

          • Airbag is in the “gas tank.” actual tank on a ‘Wing has always been under the seat.

            Airbag jackets have been used by 200+MPH MotoGP racers for a couple years now. Originally extremely costly there are now versions in the $500 range, not that much for a good motorcycle jacket really. The $2500 Dianase D-Air track suit can be electronically integrated with some bikes, others use tethers to trigger.

            I haven’t gone for that yet. Still using body armor. The best injury protection remains a sober focused set of original equipment eyeballs.

          • Terry Melvin

            A focused set of eyeballs looking out for idiots in 4-wheelers. I’ve ridden all my life and have seen my share.

          • As I slide my Speed Triple through traffic I think of the vehicles around me as a herd of drowsy “mentally challenged” rhinoceroses, looking safe and slow but ready to explode into deadly violence without warning. I make a game of seeing how far away I can spot the texters. Getting pretty good at it. I wish the cops would learn that game.

          • Terry Melvin

            Don’t have to look far to spot the testers. Next time you’re stopped at a light behind someone, see how fast they move when the light turns green. If it takes more that about 3 seconds..TEXTER..or they’re some other stupid stuff. Also, look out for the cagers who look right at you but “don’t see you” and pull right out in front of you. I have a few souvenirs from that happening. Luckily I only got a broken toe.

    • topkill

      So how much money have you invested so far? 🙂

    • HAAAAAA!!!

    • Just for the record, the Tata Nano (with the advantages over Elio being that it’s half the cost, has twice the number of seats, and is actually a real product you can buy) didn’t do any of those things in India. Why would you think that would happen here? Serious question.

    • Lou Jones

      5-Star crash rating. Stars are what you’ll be seeing if you get into an accident in this thing.

    • fred smith the deplorable

      I love the subtle sarcasm. Great job! If Elio’s fake claims & promises were the truth, it would be a great company and a great vehicle. There would be nothing not to like. As is, there is nothing to like.

      • Terry Melvin

        Literally nothing. I find it odd that the Elio front end has been changed a couple times..they have money to change its looks but none to produce a vehicle.

    • Lex

      You’re trying to reason with eco-twats who have tunnel vision. The big three and Musk are freaked out they would lose a huge market share if Elio is successful. Not only the poor, but the middle class need this vehicle to commute.

      • This comment is so clueless that it’s actually sad. Do you need help? There are hotlines …

  • Darrell Batchelor

    Not unless Jeff Bezos drops his wallet and it has 365 Million Dollars in it.

  • dogphlap dogphlap

    No and No.
    But I always thought the world did not need yet another hydrocarbon fueled vehicle, especially one with 3 wheels.
    If that is for you a motorcycle combination can be purchased, just as roadworthy and no waiting.

  • Kerry Carter

    I went to see this over 3 years ago at a Nashville hotel parking lot. Afterwards I thought to myself that it would never reach production and of course because he wasn’t making it electric.

  • topkill

    It’s a silly company with an unrealistic business plan. Wishing it was realistic is like hoping Santa’s going to bring you one for Christmas this year.

    • You have a better chance of getting one from Santa Claus than Paul Elio, I think.

      • Heh. I’d be more than a little concerned if Santa claimed that he would start delivering Elios! LOL

  • Antony Berretti

    Given the moves by the big operators, do they even matter any more, just another scam at this point…

  • M98987

    What’s Paul Elio’s Track Record?
    What has he produced, does he have a history?

    • M98987

      They have qualified board members.
      They’ve got someone doing a very good web site.
      They can’t be making much money on reservations.
      So, either they’re wasting a lot of their own time, or this will someday get built.

      But, the speed of lining up suppliers is extremely slow.

      They should have had sufficient capital now to order components for 1000 cars and then build them, and then do it again.

      It could be they don’t know how to build an assembly line???

      • Rick Danger

        They want to go straight to manufacturing 250,000 units/year. This is just not how it’s done.

        • Lex

          And you know this because of your vast manufacturing experience ?

          • Rick Danger

            I know it because I have enough sense to pour piss out of a boot, unlike anyone who still buys into Elio’s BS.

  • Do I believe? The whole Elio thing isn’t a religion, so I don’t believe, but I did think Elio had a chance. Pragmatically, the answer is no. It’s a real shame, too. First off, this is no Dale. Period. Full stop. They’ve built a real car and if it were in production and on sale, people would be buying and driving them. It is a neatly engineered car with a unique premise that will work. Hell, I was looking forward to starting a small stock road course racing series with these things. Such is the fate of dreams.

    Did Paul shoot too high? That’s quite clear now. How many times in the last 60 years have we seen a car company startup go on to compete in the majors? This is a very, VERY high stakes game and it looks like Elio underestimated it. I do, however, hope that the Elio doesn’t just up and die. Someone needs to buy this thing out and start building them. We need a new Beetle on the road. A lot of people would benefit. A LOT of people.

    • I agree with you.

      Just because it is (probably) going to fail – doesn’t make it a scam.

    • William Barnes

      ^Jeff Bezos has been dropping his wallet quite a bit lately. I agree with your comment that someone else needs to buy this and get it on the road, I don’t want the $7k version but the $20k self driving version – so ” google / apple “etc needs to step in. I don’t think this fits Tesla business model.
      I commute in ATL every day. Put a highly efficient low cost self driving car in the middle class commuters hands and the interstate will change in 3 years. William

    • kevin mccune

      You could have something there , enough people believed in this concept to put money down. Personally I do not want this venture to fail , I have faith in my fellow country men ( the perspective buyers and the builders too) come on Elio make it so ! Come on board behind Mr. Musk !

    • fred smith the deplorable

      It may not have started out as a religion, but it become one for some/many of the true believers. The parallels to the Dale are actually quite striking. None of Elio’s ‘prototypes’ are fully-spec’d nor fully functional. They even pulled the engine out of the P4 to put in one of the new E-series, and had the nerve to keep showing the P4. Of course, they kept the hood closed. LOL

      ‘The Elio’ and ‘Elio Motors Inc’ DO need to die. An gas-powered, inexpensive, enclosed trike would be of benefit to many people, but the Elio (vehicle, company, people) just have too many flaws to ever be viable.

      • Oh come on! That’s just not true about the engines or the viability or the parallels to the Dale debacle. They were VERY clear from the beginning that they were using a Geo engine in the early models and rolled out their own powerplant for the P5. There’s no need to tell specious lies about a project that is already doomed. That kind of crap is just myth making and is the kind of junk we don’t need. You could have just as easily not posted and the status of Elio wouldn’t have changed.

    • auskiwi

      There is already a new Beetle available on the roads. You can walk into a VW dealership and buy one. The Elio doesn’t fit that description. Let’s face it, they built cycle cars in the 1920’s and also in the post World War 2 era, but they were never a success because for a little more money you could buy a much more useful vehicle such as the Beetle, Mini, Citroen 2CV etc, all of which were 4-wheeler 4 seater vehicles. Today we have millions of affordable small cars on the road, such as Toyota Yaris, Kia Rio, Hyundai i20, VW Golf/Beetle/Polo, Ford Fiesta, Suzuki Alto and Swift etc etc. If the market demanded anything smaller the big players would have already built it.

      • Today’s Beetle barely even shares the shape of its progenitor. Nothing else about the current model is even vaguely similar. Now, if time stood still and things didn’t change, then yes, it would be difficult to float the Elio. Oddly, however, we are living in 2017, many, many decades removed from WWII, and the fact that tens of thousands of people have made deposits on the Elio strongly indicates that you are wrong.

        As for the so-called “affordable” cars we have today, feh. There’s almost nothing available today that you can get for less than $15,000, aside from a smattering of stripped out base models, and almost nobody buys base models. We are currently in a place where you can’t put your money where your mouth is. The market decides what it wants people to pay, and the buying public adapts, in a sort of Capitalist Fascism.

        • auskiwi

          Today’s cars are not so affordable if you want to buy one brand new, but the technology has improved to the point that even a 5-10 year old model at half or quarter the price of a new one is still way more reliable than the old cars ever were. My point is that if a car doesn’t stack up as a business proposition it will never be built. The Elio will never be built because a 2-seater car, while it may have a niche market, will never be a mass-market proposition. 65,000 is not a huge number in a market of millions of new cars pumped out each year by the big manufacturers. And when you add 4-seater electric cars and hybrids to the mix, a 2-seater car, no matter how economical, is never going to sell in huge numbers. It may work as a commuter, but when most families can only afford to pay insurance and registration on one vehicle, the luxury of having a second car which will sit idle when it comes time to take the kids to soccer practice, is not something that makes economic sense.

          • It’s clear that you need some perspective. First, people should be free to buy a new or used car as they like. It doesn’t exactly serve the market to expect people to buy only used cars because they’re affordable. You have to float new cars for them to become used at some point, yes? So that’s a slightly nuts idea, regardless of how reliable cars have become.

            Second, 65K IS a huge number. I have a feeling that you didn’t know that one of the best selling cars of all time, the Ford Fiesta, sold 48,807 units in the US in 2016. Their best year, 2013, moved 71,073. That’s pretty close to 65,000, so I dare say that, had Elio been able to build them, they would have done quite well.

            Third, the supposition that electric and hybrid cars represent a strong value against a $7,500 car is a tad daft, don’t you think? The Chevy Bolt alone costs, what, $37,495! I pay $30 a month for full coverage from GEICO because I’m a good driver. I pay $200 a year for registration. These are not insane numbers.

            Fourth, and I don’t believe I have to say this, not everyone takes kids to soccer practice. Some people just want an affordable, economical car to get to and from work, carry a few groceries here and there, and get around as needed, all without having to take out a second mortgage.

            I’m not defending Elio, per se, just the idea that the market could easily support a low-cost, value-based vehicle if the existing American auto industry actually gave even the slightest of damns, but instead used car sales are booming, precisely because the average Joe or Jane simply can’t afford a new one.

          • auskiwi

            In my opinion, the average Joe or Jane is simply being smart with their money by buying used cars. A new car’s value drops by thousands of dollars as soon as you drive it out of the showroom. I could go out and buy a new car today on credit and spend 10 years paying it off, but I’m better off buying a near new car, spend half the money, and upgrade every few years as I need to. That way I stay abreast with technology without paying a premium for it. As for the Fiesta, if the best they can do is sell 48,000 cars in a crowded market with all the brand loyalty and manufacturing expertise Ford has built up over 100+ years, how does Elio think they can do any better? They may have 65,000 potential customers, but that’s all they’ll ever be if the cars don’t get built. Can Elio even build 10,000 cars in a year? If so, some of their customers are going to wait a long time to get what they paid for.

          • So… everyone has an opinion and that’s fine. I don’t share your opinion in all of its pedantic little details, but hey, what’s life without a little flavor 🙂 I can also tell that you prefer to get in the last word. Fair. I do to, but only to a reasonable point. I’m making this my last comment on this subject. Feel free to last word me, if you like. Hell, I’ll probably even read it!

            First, though, I’d like to address the Fiesta numbers. The reason I posted the sales numbers for the Fiesta was to illustrate the size of the market. These are not low numbers, really. Worldwide, the best selling vehicle of this year so far is the Ford F-150 with 243,978 units sold. The second best is the Corolla with 214,618 units. This is the kind of data you can get with research, not just gut feelings and opinions.

            The takeaway from this should be that, if the best selling brands have sold these numbers thus far in 2017, in the entire world, there’s a market for cars that sell far less. The current version of the BMW 5-Series hasn’t been selling well of late, moving only 32,408 units in 2016 and half of that this year. I doubt they’ll cancel it. Toyota’s Avalon shifted a mere 2,610 units in February of this year, and that’s down 34% from the year prior! Yet, there’s no talk about cancelling Toyota’s full-size entry.

            There’s a danger in thinking there needs to be a winner and a loser. Much is made in the media about how Apple and Samsung are the top players in the smartphone market. Does it matter to BLU that these monsters of the industry move millions of units every quarter? Nope. BLU does quite well selling exclusively on Amazon and in far lower numbers than the two top fabbers.

            If you need an example from the automotive industry, take Morgan. I don’t know how many cars they sell, but it can’t be that many. Have they gone out of business? Not even close. If you haven’t heard of them, check out Arcimoto and their little reverse trike EV. It’s amazing, and they’re pushing along, slowly and methodically. This kind of vehicle can sell. It just has to be ushered along in a thoughtful, steady way.

            And that’s all I’ve got to say about that.

  • John

    im a sucker that acually believed in it. NEVER going to happen! SONDERS, maybe.

    • Rick Danger

      Arcimoto.

  • rogwild

    ELIO MOTORS is –DEAD– ; Nobody is going to ‘Buy Out’ a company with this much ‘accumulated debt’…. and NO PATENTS, when they can ‘start from scratch’, with a ‘realistic’ business plan, and make a similar vehicle! Initial ‘idea’ was OK; ‘execution’ SUCKED! If not a — SCAM –; Paul Elio has done very well ‘financially’…. while the company and ‘investors’…… went BROKE and SPENT and lost $$$ Millions.

  • Gary Constantine

    We’ve known for years this was a pipe dream, the idea of crowd sourcing of making a mass market three wheeler was always ridiculous. The ridiculousness only continued with the arrogance of building their own engine for this thing. There was stupid all over this project, but it surely paid several handsome salaries for Paul et al, there are suckers still born every minute.

  • I wrote the first post you quote and have been pointing out the obvious flaws in Elio’s math since the first time I read the details years ago. I hate to see the public get burned like this. It undermines faith in Real manufacturing start-ups.

    No, I wasn’t one of the 22 commenters on your blob back then. Don’t know how I could have missed such a “high profile” piece of journalism.

  • milliamp

    Elio might have been a scam from the beginning and I’ve been saying as much for several years to less and less opposition. Your articles from 2013 were pretty on point and you called it as early as anyone. I have more faith in Arcimoto. I know Arcimoto is at least not a scam but they have a lot less support from people than Elio. I would love to see what Arcimoto could do with even 1/4 of the money Elio has flushed down the toilet.

  • Dan Ashley

    I supported you and your analysis. All over Quora and Spyderlovers.

  • fred smith the deplorable

    No, and apparently yes. 🙂 Like you, I’d like this cancer on the automotive and entrepreneurial body to be eradicated for once and for all. While I’m not convinced that the intent was fraudulent from the beginning, from 2013 on, Elio & associates had to know that their claims and promises were impossible to meet. In my opinion, this has been a scam for years now. Intentional or based on delusion? I have to go with intent. Too solid of a pattern of lies and non-performance. Like Dale, some prototypes move under their own power, and some do not, but none of them are anywhere close to the advertised specs. Fraud, scam, or hubris, they ripped off a lot of willing suckers, and a fair number of unwitting ones.

  • Terry Melvin

    I think the Elio could actually be built if it was redesigned as an electric car, simply because then Elio could get Federal subsidies to help build the car.

  • Terry Melvin

    Not to worry. Based on the most recent SEC and financial statements, the thing is DOA.

  • Darrell Batchelor

    Check out the Sondors Electric Car. Storm Sondors actually has a winning track record and has already done wonders with a small amount of $$$ so far.

  • Mad Mac

    When I contributed my $100, I figured it would have made more sense to just light a hundred dollar bill on fire. There was no way that Elio could deliver the P4 for the promised price. However, even though it was totally unrealistic, I did want Elio to succeed. I’ve followed three-wheelers since the 2001 Daytona bike week where I saw the Corbin Sparrow and the Campagna T-Rex. While I may never have that P4, at least I do have a collector’s item, the $100 Elio T-shirt.

    • Dale Leppo

      My name is Dale (get it?) and I also have the $100 “collector” t-shirt. I admit that it was all I ever expected to get. Sigh…The stock is now dropping toward the apparantly inevitable level of $0.00. I wish they would have done what previous posters suggested: start small, build some cars, make a few bucks, build some more cars, etc. BY THE WAY, Honda Gold Wing motorcycles have had airbags available so not all bikes are airbag-less.

  • TimboinOK

    To answer the reporters question without adding all the extra “I know everything that’s going on internally at Elio Motors” is no, I no longer believe. What I DO believe is I’m $1000 poorer.

  • Elio has tried, burning $100 million in the process. For a vehicle that’s this low-tech, that is a lot of money any engineer can assure you. For half of that sum twenty demo’s could have been built already that would/could have done their testing cycles. Elio never came that far. So, no, I don’t think Elio will ever be able to produce a car that’s ready to be delivered to the customer. Those guys lost momentum, which is deadly in this particular industry. You might even say that a company like Lucid never did lose momentum… Still it went belly up and sold everything to Ford. Which must have costed multi-millions.

    • As you pointed out: for half that sum, Elio could have gone through the testing cycles and built several cars. He didn’t. Ergo: he didn’t try- he just collected money.

  • wincrasher

    It’s sad so many get caught up in this as an emotional issue. It’s not much different than the Tesla “true believers”. I’m one of the few that says that even Tesla is going to fail – their business model is just not going to work. Elio’s never had a chance, even if you believe it was an honest attempt and not some ponzi scheme or fraud. The car business is a tough one even for the majors. Why do you think GM is adamant that the floor for their cash reserves is $50 Billion? They know how cash intensive auto manufacture is, and how the cycles work. Let me be plain – there is no business model that works to make cheap cars for poor people. Period. The only answer for the cash strapped customer is to buy a used car or buy new with extended payment term to get the monthly payments down – that is why you see 72 and 84 month loans. Average people really don’t care what the total price of a car is, if they see they can afford the monthly payments – so saying this $7k price is some kind of magic figure is just ridiculous. For investors, all the excitement is in electric cars. They expect them to sell at premium prices and make fat profits. Why would they invest in a company that says that a $1000 margin per car is all they need? Do the math and tell me how you pay back a startup investment of $350 million, plus fund ongoing production, plus develop improved product, plus pay investors a return on $1k per unit? Wake up! It doesn’t work, and never will!

  • LeonardDaneman

    It’s a safer version of a motorcycle, but without the pizzazz of many trikes out there like the Morgan. The 2nd vehicle market . . . commuters . . . RV owners . . . they need to target the customer base more accurately. There are some $20,000 trikes out there selling, but no comfort features . . . maybe they need a removable roof line?

    • LeonardDaneman

      At $6800, maybe they need to contact Winnebago! Sell the vehicle at cost as an add-on.

  • Billy Dojcak

    No. I really wanted one.

  • Schizy

    New target date! Now it’s 2019. Anyone surprised? Really? Paul has issued start dates advancing a year at a time for the last 7 years. He’s spent 16 million and produced absolutely NO vehicles. He has, however, sold a lot of very expensive T shirts. He now wants to raise 100 million “to start production”. Elio motors: A financial black hole.

  • JoeSuff Pellecchia

    Me think they should bring Elio to Shark Tank.

  • Patrick McCoy

    This three wheel turkey will never see the light of day.

  • Terry Melvin

    Let this be a lesson to all you Elio supporters. Crowd-funding, especially on a large scale, does not work.

  • auskiwi

    Can anyone say “Tucker”? This is a 21st century rerun of that debacle. I wonder if anyone will make a movie about this story, after it is all over and the dust has cleared. Let’s just say that while I support the idea of a car like this, the money paid by Elio investors for their cars has already been spent, and the only way those vehicles will ever be built and delivered is if Elio Motors turns into a giant ponzi scheme whereby the new customers’ money pays for the vehicles of the earlier customers. The price was never realistic in the first place. You can’t compare this company with Tesla which started off by selling ultra-expensive cars to millionaires, so made enough profit on each vehicle sold, to stay in business. Plus Tesla actually delivered cars to customers, which Elio hasn’t done yet. Unless Elio’s latest ploy to list on the stock exchange succeeds, this is looking like a well-intentioned but mismanaged business failure, regardless of the merits of the vehicle itself.

    • Schizy

      Poor comparison to Tucker. Or for that matter even Bricklin, Aptera or the other failures. They at least made it into production, of sorts. Elio hasn’t surpassed even the Dale. Elio motors has built nothing,their sole product has been very expensive T shirts.

  • Schizy

    9-6-17: Elio’s efforts in total, after millions having been spent, would amount only to a Mall hawking $100. to $1K T shirt kiosk in a local mall. “Motors”? Not so much.

  • auskiwi

    The problem is, Elio has boxed themselves into a corner with their $7000 price. They can never make a profit, and if they increase the price now, all the new customers will cry foul.
    It’s probably the only thing they can do to get out of this mess and deliver the vehicles they have promised though. If they put it up to $9999 and stay just below that psychological $10k mark, they may just survive. Plus they need to work on a cost cutting plan to make sure they don’t blow out their budget any more. Perhaps they need to work on a 3-seater stretched model too, to get past the limited occupancy problem. Finally, they actually need to use their IPO money to actually build some cars. Then they might actually get some more interest by people who currently see this company as a huge scam. Come on Elio, you’ve had long enough. Get this show on the road and become a car manufacturer, not a refuge for dreamers and wannabes!

  • Schizy

    106 million, 8 prototypes built by Technosports Creative. NONE! built by Elio. Way over $130K each. The money’s now all gone. Refundable reservations? From what source? Paul Elio and his entourage is sitting tall. Paul has money probably beyond his dreams back in 2009 when this debacle was launched. Job done, end of crowd funded scam.

  • Greg Nelson

    Well, I really hope so, but I’m not exactly holding my breath. I put down a deposit and keep on driving my 2012 Prius. It would be great if the Elio comes out before Prius bites the dust.
    In the medium-term, it’s likely I’ll buy some other, larger car (ideally and EV) for family road trips, but I think the Elio would be great for commuting, groceries, and the like, and also potentially for long solo work travel where the range anxiety of EVs are a problem, and where a second vehicle is needed at home while I’m gone.
    In the long-term though, it will be more possible to make methanol/ethanol at home as a vehicle fuel than it would be to replace lithium batteries or solar panels. I’ve been thinking about a backup plan/alternative to the Elio that involves finding or building the equivalent of an Indian “tuk tuk” or motorcycle rickshaw. Horses would be nice too, but they are a much bigger responsibility than I want to add to my life right now.