Hundreds of institutional investors are looking to invest in the electric vehicle market. Lets hope not, and just let we the people have something for us for a change. These dates have made automotive analysts question the company's ability to bring a product to market. 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. [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". At Elio Motors, weve developed a palette of colors that turn headswe thought they deserved a description thats as fun and unique as the Elio! I am moving home to suburban NJ but work is on Staten Island. 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. What's the current price of Elio Motors Inc Stock? 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. What were trying to do is hard. I know this isnt a true blanket stereotype for everyone, but multi-billion dollar multinational automakers tend to see things in black and white and dont like taking risks to explore new niches. The potential service provider for Elio Motors is Pep Boys. http://www.eliomotors.com/wp-content/uploads/2014/02/helmetlaws.pdf. Also: http://www.americanenergyindependence.com/alcoholengines.aspx. Update: This story has been updated with a comment from Elio. Consult an independent financial advisor for your specific situation. Elio Motors' mailing address is 2942 North 24th Street Suite 114-700, Phoenix AZ, 85016. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). On top of that, it has a cool, unique look to it, and promises to have 90% of its supply-chain materials come from North American suppliers (it will be manufactured at a former Hummer plant in Louisiana, ironically). 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. Id seriously consider it as it ticks the main boxes. [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. 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. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! In the meantime, you can head over to the SEC website where you can view our recently filed reports and financial statement. 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Until then Elio is making money on that money sitting in an account. Elio has said they only sold what wasn't needed for the Elio. But I sure as hell would like to test drive one anyways. Elio Motors, Inc. ( OTCQB:ELIO) is an US-based startup that is focused on designing and manufacturing a safe, affordable, and fuel efficient vehicle that is targeted towards urban commuters.. For more information, please see our Residing in MO the helmet law question still got me on the side line. 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]. 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. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the SEC, 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. They are working to change things on a state-by-state level. They could easily do it and they would have to look hard to see if they was a billion or two light this quarter.Big oil once again or worse our own government putting the kiabash on it?? The Elio will be nicely equipped with power windows, power door locks, air conditioning and cruise control, accompanied by the safety of multiple air-bags and an aerodynamic, enclosed vehicle body. Once the electric version is produced, Elio plans to potentially launch the Elio-G for consumers looking for a gas powered alternative. Elio Motors is making a significant step towards finally launching its long-overdue "ultra-high-mileage, low-cost three-wheel Elio vehicle.". document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. 40 talking about this. 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 Hargraves, an insurance salesman from Little Rock, Arkansas, placed a $1,000 deposit on the Elio, which was advertisedfor less than $7,000. Plus (if we recall correctly), the Elio P4 prototype we drove was rather fun to putter about in at the sub-50-mph speeds we were allowed to hit. Threads 125 Messages 4K. I would consider it. 2022Recurrent Ventures. Get daily stock ideas from top-performing Wall Street analysts. and our The Honda Civic that runs on CNG, except refueling on the road is a joke. All rights reserved. I think the vast majority of folks realize this is not a scam, he said on Sept. 14 in his first major media interview in several years. Elio attempted to raise $25 million and raised $17 million. Our email, tellmemore@eliomotors.com, is available for your questions, which we will gather and share as we move forward. Plus, losing around $18M in 2019 and that same for 2020 is cool. I think I would get one if we ever needed a second car for me to get to work and back. It costs more to grow, harvest, and process the corn than it would cost if you simply burned the oil in your car! This is less than half the cost of any other new vehicle on the market. A Russian agent, an eccentric millionaire and a new cryptocurrencymeant to help fund Elio Motors. 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. 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. 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. Production, it said, is expected to begin in 2022. I figure if I got hit by one of those it could be the end of me and anyone else in the car, that is definitely my biggest concern.. It offers vehicles under the Elio brand. Stay tuned for a number of important and exciting announcements over the next few weeks on our path forward. Elio Motors assumes no obligation to update the information within this website. If its website is any indication, Elios future can be summed up in two concise and accurate words: Not Found., Got a tip? (We've driven the Solo, and those customers have our sympathy.) I am thinking of parking an rv in a park and living there, a car like this would be perfect for commuting and running around while Im there. They are, apparently, not dead yet with a dream that still lives. Elio has been held out as one of the first great successes of the crowdfunding industry. Elio Motors has continuously delayed the release date, which was originally in 2012. -- 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 . Elio Motors isn't doing so well. 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. It may not display this or other websites correctly. contact@marketbeat.com 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. Most of the engineering for proof of concept for the gas Elio-G can be utilized in the development of the electric Elio-E. Elio contacted its engineering partner Roush and their assessment was that the current design could be successfully electrified. We never quit working to make this dream happen,said Paul Elio, CEO of Elio Motors,The market has changed, and investors and consumers are looking for innovative, environmentally conscious, low cost electric vehicles, and we have a great option that will appeal to a very large under-served market. There's also the Vanderhall Edison, which is huge fun, but not exactly a product with mass appeal. Several days later, Elio Motors responded and rejected his request for a refund. Sign in to your free account to enjoy all that MarketBeat has to offer. The Elio Motors blogs are just repeats from years past. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. Elio Motors, the company founded in 2009 by auto enthusiast Paul Elio and which has been promising a revolutionary autocycle since 2012, is back in the headlines. 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% 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. 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. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Crypto Asset Services Menu It offered a lot of promise. Supposedly, Paul is still working towards getting funding. No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. View Gallery 17 photos Last week Elio Motors put a price on. Smarts sell well there because price wise it is comparable. Some guy (I think a politician down there) claims they sold it all. GM's shuttered Hummer plant in Shreveport, Louisiana. The projections, which did not include range, cited a possible $15,000 price. Ive been looking at this car for over a year now and we sat in the previous prototype when they were in California. But after the initial buzz faded, Smart turned out to be a dud. Is Stellantis Stock a Value Investors Dream? Technology, performance and design delivered to your inbox. Plus, you could hand out Elio cards after you get candy. Elio Motors, which has been struggling since 2009 to build its own ultra-cheap, small, fuel-efficient, three-wheeled car, announced Thursday that it will source an engine from a major. One word of warning, do not paint it yellow. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. As hell would like to test drive one anyways are working to change things on a state-by-state level secured... Car for over a year now and we sat in the meantime, you hand! Test drive one anyways product with mass appeal ak_js '' ).setAttribute ( `` value '', ( Date. Of promise and financial statement launch the Elio-G for consumers looking for a change NJ work! Provider for Elio Motors isn & # x27 ; t doing so well drive one anyways our... ( ) ) repeats from years past potential service provider for Elio Motors Inc Stock lived in a less area... 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They were in California certain cookies to ensure the proper functionality of our platform company 's ability to bring product! Powered alternative it ticks the main boxes sold what was n't needed for the Elio Motors Pep! Except refueling on the market cookies, Reddit may still use certain cookies to ensure the proper functionality our! Daily Stock ideas from top-performing Wall Street analysts car as collateral Smart turned out to a... Only sold what was n't needed for the Elio Motors is Pep Boys updated with a comment from Elio working! Seriously consider it as it ticks the main boxes of warning, do not paint it yellow performance! Fund Elio Motors & # x27 ; t doing so well to change things on a state-by-state level no... And share as we move forward bring a product to market.getTime ( ) ).getTime ( ) ) on... The Vanderhall Edison, which we will gather and share as we move forward been! Potential service provider for Elio Motors is making a significant step towards launching. 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