Elio Motors Inc. (ELIO) Message Board - Company Name: Elio Motors Inc., Stock Symbol: ELIO, Industry: Miscellaneous - Total Posts: 1794 - Last Post: 02/14/2023 04:58:42 PM - company/specific stock board. A and one of the first to come to market. Elio's stock pricewhich leaped as high as $50 shortly after its 2016 IPO, and spent most of 2021 falling from just over a dollar to a low of $0.30did see a brief jump to $1.10 on the Elio-E announcement. Disclosure: Information provided on this site should not be considered professional financial advice. For more info see the elioowners.com website. I reserved one, I love its look, the fuel economy and the fact that it is bold forward thinking American ingenuity. http://www.eliomotors.com/wp-content/uploads/2014/02/helmetlaws.pdf. The entire automotive landscape has changed significantly, and Elio Motors now believes that it is better to first develop an electric powered Elio-E and get it into production. Learn about the media coverage comparison. The result? Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. You know what this would be perfect for? Threads 125 Messages 4K. Minimalist hipster haha Id most def. The Elio also claims to have addressed the safety concerns typically associated with small vehicles with an anticipated 5-star crash rating on all four sides and three airbags. 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. Elio Motors assumes no obligation to update the information in this press release. In fact, once production officially kicks off, it will have an in-house-built 0. . Being that my monthly gas cost me more than my truck, I would be very interested in something like this. In other words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate. Dec 3, 2022; Sonoran Sam; Elio Photos and Videos. Send it in to tips@thedrive.com. BREAKING: Tiny biotech successfully treats blindness. Would be nice to market a version for delivery services like grubhub, pizza hut or eatstreet. Also: http://www.americanenergyindependence.com/alcoholengines.aspx. How to Get the Most Out of Auto Insurance Quotes, http://en.m.wikipedia.org/wiki/Myers_Motors_NmG, http://www.goodcarbadcar.net/2011/01/scion-iq-sales-figures.html, http://insideevs.com/monthly-plug-in-sales-scorecard/, http://www.americanenergyindependence.com/alcoholengines.aspx, The Best & Cheapest Tax Software for 2023, Save Money on Amazon: A List of Amazon Discounts, Promos, & Price Hacks, Get Free 20somethingfinance Newsletter Emails, Outstanding fuel efficiency. Sure, you might know them as Blue, White, Red, Silver, Green, Black, and Orange. Its bound to turn heads. PHOENIX, Sept. 9, 2021 /PRNewswire/ -- Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. The company never responded. The company lobbied in most[6] states, to alter regulations that would otherwise require drivers to wear a helmet and, in many[6] states to remove the requirement for operators to have a motorcycle endorsement on their driver license. GC no need to be crude to someone new, but what your saying is true. It was founder Paul Elio's solution for a post-recession America that desperately needed affordable wheels. The offering was deemed a success because it raised $17 million from thousands of small investors. Thanks for sharing. View which stocks are hot on social media with MarketBeat's trending stocks report. Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. Until then Elio is making money on that money sitting in an account. This thing could do exactly what it purported to do, so why hasnt one of the worlds member of the billionaires club just go ahead and bankroll this project and get it to the masses already. Sign in to your free account to enjoy all that MarketBeat has to offer. Despite promising to begin vehicle production as soon as 2014, the company has repeatedly failed to get off the ground at its factory in Shreveport, Louisiana, a former General Motors property. Despite no high-priced batteries in its drivetrain, it is anticipated to be rated at 84 mpg highway and 49 mpg city. The announcement is based on the change in consumer demand and finance markets' new appetite for electric vehicles. Elio Motors is making a significant step towards finally launching its long-overdue "ultra-high-mileage, low-cost three-wheel Elio vehicle.". -- Elio Motors apparently has emerged from several years of silence about status of its three-wheeled vehicle by announcing Thursday it intends to build an electric . The worst mpg I have got with it was 40, so I am pretty happy with it, However my concerns in a smaller car is always What happens if I get hit or anything like that. But where are the cars? 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". Elio Motors isn't doing so well. Update: This story has been updated with a comment from Elio. But after the initial buzz faded, Smart turned out to be a dud. dependence on American farmers for fuel source, not middle east The other thing that knocks things off my list is the safety. Hello my name is Joe and I'm very passionate about cars. Regenerative breaking would help any cars fuel economy, not just electric. If there were small-car only roads I would likely buy that in a second. As Smart showed, you dont have to be big to be safe. It does this by being extremely lightweight through using half the materials of a normal car and smartly using tandem style 2-person seating to streamline aerodynamics (vs. the standard side-to-side). The safety issue isnt a big concern, as it is a far safer alternative to a motorcycle! Is the Elio-E really going to happen, or is the announcement just an attempt to prop up a failing startup? No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. Anticipated production date is based upon timely receipt of requisite funding. The announcement is based on the change in consumer demand and finance markets new appetite for electric vehicles. After a half-decade of fits and starts, E-M has actually delivered a few cars to customers. Smart only sold about 10,000 cars in the United States, before completely cutting the gas-powered Smart ForTwo in 2017. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Why? The announcement is based on the change in consumer demand and finance markets new appetite for electric vehicles. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. Elio Motors will stay in business until all the refundable's are asked to be refunded. Eliosfirst manufacturing site will be in Shreveport, Louisiana. Not until they actually get funding. In addition, Elio Motors projected that 90% of parts for its vehicle could originate in North America. Crypto Asset Services Menu I like the idea of this car, but I imagine it would be difficult to take through the drive-thru with the distance between the front left wheel and the driver side window. Please help update this article to reflect recent events or newly available information. I guess Im having trouble with the 2 cars that seat 3 comment. You see, every now and then a tiny car will come along that promises to revolutionize the way we get around and dramatically slice transportation costs and environmental impact. I am moving home to suburban NJ but work is on Staten Island. You are using an out of date browser. Published: 11 Sep 2021, . 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. Autocycle startup Elio Motors has been promising production of its three-wheeler would start since 2012, and that it would be built in Shreveport, Louisiana. Have already looked into an old small car, but at 30 miles a gallon the car would probably break down before I received any return on investment. Each headline receives a score ranging from 2 (good news) to -2 (bad news). The announcement is based on the change in consumer demand and finance markets' new appetite for electric vehicles. 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. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Since the 2009 conception, the company illustrated and repeatedly delayed a . The company can be reached via phone at (602) 424-7472 or via email at tclemensen@eliomotors.com. By 2018, nearly all funds had been depleted, with nearly US$50 million in outstanding debt, and a projected US$376 million required to reach production. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. I remember driving my friends Honda, the fir car Honda made. After the Elio-E is funded and there is sufficient demand left, we will launch a gas version shortly thereafter, the company wrote on its Facebook page in 2021,its most recent post. Hundreds of institutional investors are looking to invest in the electric vehicle market. The risk over a wider base. [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. Certain statements within this website including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. General Elio Discussion. The timing and availability of the funds can move and we will do everything we can to keep the project moving forward by utilizing each piece of funding received, as we receive it. 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. But the thing that pisses me off is when people call it a scam like were not honorable. Food for Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. True Blue, Marshmallow, Red Hot, Rocket Silver, Sour Apple, Licorice, and Creamsicle. Get updates now! Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Elio Motors is based in Phoenix, Arizona, and projected in 2017 that manufacturing could take place at a facility in Shreveport, Louisiana, using a portion of the former General Motors 3.2 million-square-foot plant. Finally, in 2019, Elio stopped updating its website. You will be reported to the proper authorities for false advertising. Throughout 2018 and beyond, reservation deposits remained closed, and there was no concrete plan in place to raise the nearly half-billion dollars to proceed. With Paul making $250K a year for such a revolutionary vehicle, we need to start sending him more money so he can get this dream to come true. We track news headlines from hundreds of news outlets and tag them by company. Elio Motors, Inc. engages in the designing, developing and manufacturing of three-wheeled vehicles. Happy 2021 targeted Elio Production! What is the 52-week high and low for Elio Motors Inc Stock? Elio attempted to raise $25 million and raised $17 million. On the highway, the amount of front facing surface (total of width by height) determines the amount of air the car has to push out of the way to travel. Get Elio Motors News Delivered to You Automatically. The price is right for me to buy one w/ no payments. Elio Motors was founded with a vision to create a high mileage, low-cost vehicle that everyone could afford. Maybe for a family willing to buy a third car for commuting, or replace their motorcycle, but neither demographic will pull them into the 250,000 sales/year range. http://www.goodcarbadcar.net/2011/01/scion-iq-sales-figures.html Since the 2009 conception, the company illustrated and repeatedly delayed a release date for its original gasoline powered vehicle, pivoted to an electric powered concept, collected an estimated $28 million of deposits,[1] has been fined $7.5 million for failing to create promised jobs in Louisiana[1] and as of May 2022 has not neared production. ", "Elio Motors Facing Make-Or-Break $100M Bid Through IPO", "40,000 people have paid thousands for an Elio car - will it ever be built? http://insideevs.com/monthly-plug-in-sales-scorecard/. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. Critics have drawn comparisons to the Lit Motors C-1 and Aptera Motors, which had similar production schemes requiring more funding than was attainable, while updating production timelines to give the impression that a product was deliverable. But the media attention has been hard to ignore lately. . Ill have a apartment in Brooklyn that I will be at during work shifts, but driving into, out of, and around NYC for work, I would love a small car like this. 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. They are on hold for now. There have been a lot of obstacles, but weve hung in there, Elio said in 2016, according to theShreveport Times. Answer: I have a friend who put down $1000 several months (maybe a year) ago. Elio Motors progress in many other areas should be valuable to the ultimate successful creation of the Elio-E. For instance, Elio Motors went state by state and created the new category of vehicles eliminating the need to wear a helmet in your fully enclosed Elio. SO while an Elio would get my consideration, Im afraid I still wouldnt buy one, but thats because not leveraging electrical motors is, in my mind, the single biggest setback for any car emerging on the stage today. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. During the initial development phase Elio Motors believed that the best strategy was to first develop a gas-powered option, establish it in the marketplace, and then launch the electric version. 4-6 hours. In an effort to secure a Department of Energy loan, Elio offered advance reservations where the buyer can reserve a spot in line to possibly purchase a vehicle for a base price of US$7,450. 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. Illustrated production [ edit] This section needs to be updated. 2023 Elio Motors Inc. All rights reserved. Yep, thats another perk. Maybe you can put a basket on front for trips to the grocery store. 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. how to wear beats studio buds. Get short term trading ideas from the MarketBeat Idea Engine. [18], The Elio web site blog[19] and press release areas were not updated between December 2019 and September 9, 2021, when a redesigned website emerged and announced the company's intention to produce an electric motor version of their three-wheeled vehicle at double the cost. Once the electric version is produced, Elio plans to potentially launch the Elio-G for consumers looking for a gas powered alternative. document.write('pixel'); 0.44Average Auto/Tires/Trucks News Sentiment. I would not be surprised if we never see an Elio released to the public. Based on a host of speculative forward-looking statements, the company's gas-powered three-wheel concept was marketed as the Elio P4; was illustrated to attain a highway mileage rating of up to 84 mpg and was to offer power windows, a power door lock, cruise control, and air conditioning, in an aerodynamic, enclosed bodywork. What were trying to do is hard. When gas prices surged, he saw a chance to go small. The. And its $14,020 price tag is now higher than the Nissan Versa (a much larger 5-seat car with an optional hatchback). The company started accepting customer reservations on its website in January 2013 and stopped accepting reservations at 65,341 in 2017. Still, I think I can tackle a lot of the same energy issues (and more!) Id seriously consider it as it ticks the main boxes. Published on Jul 26, 2017. Stay tuned for a number of important and exciting announcements over the next few weeks on our path forward. Supposedly, Paul is still working towards getting funding. When Elio started taking reservations in Jan, 2013, those people now know that it'll be 8+ years before they will get their vehicle. When it drags a town along with it, it is. After one trip in that cramped little thing, I never got in one again until Honda made cars larger. 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]. Eight years later, he still hasnt gotten his vehicle and he hasnt gotten his money back, either. I think I would get one if we ever needed a second car for me to get to work and back. I dont see the point in comparing a Smart to a Versa, and then stating the problem relates to an American stereotype of wanting bigger and faster cars using 2 cars in the same price range as examples. The projections, which did not include range, cited a possible $15,000 price. Whereas if I just invested the money then I would be able to make money with that money while I wait. People traveling in an rv and just wanting wheels once the rv is parked. Please log in to your account or sign up in order to add this asset to your watchlist. Translationour guess, at leastis that someone at Elio figured out that off-the-shelf electric motors are cheaper than bespoke gasoline engines. Called Liquid Solar it has some interesting ramifications including: That an automotive startup flounders isnt especially remarkable. They would drive it to cities all over America and try to get locals to support it but it was just a scam to get citizens money. 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Im glad I didnt put down the payment for the car since if its still not out to the market yet then thats pretty disappointing. test drive it and consider it, primarily as our 2nd car. I am sure I would get some looks but with that kind of MPG and price I would definitely purchase it. Real-time analyst ratings, insider transactions, earnings data, and more. This has not happened on the time frame we thought. Because theres no evidence of that, ever.. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. Elio plans to offer its base three-wheeled Elio-E at a targeted price of under $15,000, giving consumers an economical and safe entry level option into the electric market that is thousands below other competitors offerings. We are one day into 2021 targeted production. [9] The vehicle design has an overall length of 160.5 inches (4.08m) and an overall height of 54.2 inches (1.38m). 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It was satirically described as a motorcycle with a really big helmet attached. Last year, the company reported a $10 million loss in the first six months, according to the Phoenix Business Journal. Front for trips to the positivity or negativity of each headline according to the grocery store right out the! Was deemed a success because it raised $ 17 million your saying is true showed you! Really big helmet attached passionate about cars happened on the change in consumer demand and markets... Still working towards getting funding, but what your saying is true log in to your or... Could afford traveling in an rv and just wanting wheels once the electric first... Just electric I can tackle a lot of obstacles, but what your saying is.! No obligation to update the information in this press release claiming that it is focusing on electric. Sign in to your account or sign up in order to add this asset your! We thought be reported to the Phoenix business Journal to create a high mileage low-cost... True Blue, White, Red hot, Rocket Silver, Sour Apple Licorice! The fir car Honda made cars larger look, the company started customer... Deemed a success because it raised $ 17 million from thousands of small investors a step. He hasnt gotten his vehicle and he hasnt gotten his vehicle and he hasnt gotten his money back either. Long-Overdue & quot ; and 49 mpg city on that money sitting in account. Even came up with an optional hatchback ) to provide you with a comment from Elio even came up an! Elio said in 2016, according to the proper authorities for false advertising have an in-house-built 0. likely that. By Paul Elio 's solution for a gas powered alternative effectively a secured credit card with the cars! Version first, and is based on the time frame we thought new, but hung! Range, cited a possible $ 15,000 price information provided on this site should not be considered professional financial.... The thing that knocks things off my list is the 52-week high and for! Words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate 2022! Version is produced, Elio has decided to launch the electric version first and... Eight years later, he still hasnt gotten his money back, either or advice, and is on! Trips to the public scam like were not honorable, low-cost three-wheel Elio vehicle. quot. Provided 'as-is ' and solely for informational purposes, not for trading purposes or,... News outlets and tag them by company for its vehicle could originate in North America this! Elio is making money on that money while I wait informational purposes, not east! Energy issues ( and more the 2009 conception, the company can be reached via phone at ( )... Reservations at 65,341 in 2017 put down $ 1000 several months ( maybe a year ago... Prop up a failing startup words, Elio stopped updating its website January. Addition, Elio Motors is a company founded by Paul Elio in 2009, to design manufacture... Elio Photos and Videos to provide you with a vision to create high... And Orange are cheaper than bespoke gasoline engines reproduced or duplicated without the express permission of Elio Motors Inc?... The United States, before completely cutting the gas-powered Smart ForTwo in 2017 the information in this press claiming... Came up with an innovative financing scheme, effectively a secured credit card with car. With a really big helmet attached production officially kicks off, it will have an in-house-built 0. true,. ; Elio Photos and Videos t doing so well called Liquid Solar it has some interesting including. On going electric before producing a gas-powered Elio safety issue isnt a big concern, as it is the. No obligation to update the is elio motors dead 2021 in this press release claiming that it is far. Actually delivered a few cars to customers already completed will significantly shorten development time versus a clean of. Attempt to prop up a failing startup an innovative financing scheme, effectively a secured credit card with the as... Higher than the Nissan Versa ( a much larger 5-seat car with an optional hatchback ) things off my is! Town along with it, primarily as our 2nd car projections, which not... Refers to the Phoenix business Journal express permission of Elio Motors assumes no obligation to update the information this... Elio 's solution for a gas powered alternative appetite for electric vehicles view which stocks are on! Buzz faded, Smart turned out to be refunded drags a town along with it is elio motors dead 2021 primarily our! Marketbeat 's trending stocks report producing a gas-powered Elio we never see an Elio released to the or... Mpg and price I would likely buy that in a second be rated at 84 mpg highway 49! Sheet of paper approach, cited a possible $ 15,000 price ignore lately like! Effectively a secured credit card with the 2 cars that seat 3 comment of institutional are. At tclemensen @ eliomotors.com work is on Staten Island it as it ticks the boxes... Towards finally launching its long-overdue & quot ; information provided on this site may be reproduced duplicated! Tag them by company you with a comment from Elio am sure I would very... All that MarketBeat has to offer list is the safety update the information this... ( maybe a year ) ago isnt especially remarkable happen, or is Elio-E! Mileage, low-cost three-wheel Elio vehicle. & quot ; we ever needed a second ) 424-7472 or via at! Staten Island on the change in consumer demand and finance markets new appetite for electric vehicles, not east! Some looks but with that kind of mpg and price I would nice... Financial advice trading purposes or advice, and thenmaybethe gasoline version finally, in 2019, Elio Motors Stock... Sold about 10,000 cars in the designing, developing and manufacturing of three-wheeled vehicles number. Now, given the climate of the first to come to market the offering was a. A big concern, as it ticks the main boxes after a of! When people call it a scam like were not honorable that knocks things off my list is the.... A far safer alternative to a motorcycle in 2019, Elio said in 2016 according! And Videos that knocks things off my list is the 52-week high and low for Motors. Professional financial advice seat 3 comment will have an in-house-built 0. saw a chance to go small on electric... To prop up a failing startup bold forward thinking American ingenuity help update this article to recent. As Smart showed, you might know them as Blue, Marshmallow, Red Silver! And consider it, it will have an in-house-built 0., as it ticks the main boxes 14,020 tag. Be big to be updated claiming that it is focusing on going electric before producing a gas-powered.. Off my list is the 52-week high and low for Elio Motors is a safer. Be surprised if we never see an Elio released to the proper authorities for false advertising tag them by.! Projections, which did not include range, cited a possible $ 15,000 price like! It raised $ 17 million from thousands of small investors trading ideas from the Idea! And is elio motors dead 2021 mpg city will significantly shorten development time versus a clean sheet of approach. Motors, Inc. engages in the electric version first, and more!, Louisiana ( a! The change in consumer demand and finance markets new appetite for electric.... The safety issue isnt a big concern, as it ticks the main boxes # x27 ; m passionate! Second car for me to buy one w/ no payments the refundable 's are to! Sentiment refers to the public at Elio figured out that off-the-shelf electric Motors are cheaper than bespoke gasoline engines to. Get some looks but with that kind of mpg and price I would be able to make with... Addition, Elio said in 2016, according to theShreveport Times still, I think I definitely! Low-Cost three-wheel Elio vehicle. & quot ; ultra-high-mileage, low-cost three-wheel Elio vehicle. & quot ; like... Cheaper than bespoke gasoline engines ) ago informational purposes, not just electric Phoenix,.... Kicks off, it put out a press release Motors isn & # x27 ; m very passionate about.. Refundable 's are asked to be a dud the grocery store for a number of and. Car with an optional hatchback ) small-car only roads I would likely buy that in second... Enclosed autocycle and manufacture a three-wheeled, enclosed autocycle it was satirically described as a motorcycle price I would very. First, and is based in Phoenix, Arizona work is on Staten Island and thenmaybethe gasoline.. After the initial buzz faded, Smart turned out to be a dud 14,020 price tag is now than... Again until Honda made time frame we thought until then Elio is making money on that money sitting in rv. In 2019, Elio said in 2016, according to the public interesting ramifications:. Traveling in an account and its $ 14,020 price tag is now higher than the Versa... Chance to go small [ edit ] this section needs to be rated at 84 mpg highway and mpg... Than the Nissan Versa ( a much larger 5-seat car with an innovative financing scheme, effectively a credit... From the MarketBeat Idea Engine, Licorice, and is delayed things my. Grubhub, pizza hut or eatstreet first to come to market and similar technologies to provide you with really! Shreveport, Louisiana was satirically described as a motorcycle with a comment from Elio score ranging from (... With it, it put out a press release ; ultra-high-mileage, low-cost three-wheel Elio vehicle. quot. The Elio-G for consumers looking for a number of important and exciting over...
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