Elio Motors assumes no obligation to update the information within this website. Starting an automotive company is not cheap. The risk over a wider base. Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. Simply because a new idea is presented doesnt mean its a good one, and Smart is making a smaller car for about the same amount of money as a bigger one with about the same fuel economy. Get daily stock ideas from top-performing Wall Street analysts. When the 3-wheeled, tandem-seated Elio first started making the rounds in the media a while back, I didnt really pay much attention because Ive been heartbroken before. The announcement is based on the change in consumer demand and finance markets new appetite for electric vehicles. Because of the 3 wheeled aspect, it is classified as a motorcycle. 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. If the car does materialize, it already has competition: Electra Meccanica's three-wheel, single-seat Solo that offers 100 miles of driving range. Paul Elio always remains silent and has disappeared from public view. Elio Motors assumes no obligation to update the information in this press release. I wouldnt risk my kids life with this car, no matter what the cost savings. The projections, which did not include range, cited a possible $15,000 price. Im a bit of a car geek when it comes to automotive fuel efficiency gains. It really is hard. 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. Smart only sold about 10,000 cars in the United States, before completely cutting the gas-powered Smart ForTwo in 2017. Elio's own estimate was that an investment of US$376,600,000 plus an additional US$110,500,000 in reservation deposits would be necessary in order to go into production. Alas, it's been steadily dropping since. 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 would absolutely buy this as my commuter car. vkgy is a visual kei library maintained by overseas fans. But after the initial buzz faded, Smart turned out to be a dud. For every $1 of gas purchase by an Elio owner, said owner would make a $2 car payment. If electric cars could get some better range and still be affordable then this company might not survive. Elio Motors, Inc. engages in the designing, developing and manufacturing of three-wheeled vehicles. 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. Production, it said,. It should have been declared a scam, and Mr Elio prosecu. I understand needing one car to sit all three of you, but why would one parent and one child need a car with 3 seats? I have to admit beats the pants off the Mirage and with that savings you could rent a car/get a ZipCar membership for the times you need more capacity. As previously noted, there is no rebel billionaire here Elio has had to bootstrap its funding the hard way. 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. The biggest challenge it will face is funding. Elio promised a hard-hit Louisiana city 1,500 new auto jobs. It's what Elio Motors promised. And there will be plenty of regulatory hurdles to overcome. Join today, registration is easy! There have been a lot of obstacles, but weve hung in there, Elio said in 2016, according to theShreveport Times. 2021; JEBar; The Elio. I was (and still am) waiting for Tesla to make a car that I can afford, but until then, this little car will do nicely and get almost double the MPG I get in my 2005 Honda Insight. The result? You know what this would be perfect for? Anticipated production date is based upon timely receipt of requisite funding. (We've driven the Solo, and those customers have our sympathy.) [7][8], The design targeted a curb weight of 1,350lb (610kg); three-wheel anti-lock disc brakes; an inline 0.9-liter three cylinder (designed especially for Elio by IAV), 55 horsepower (41kW) engine; and front-wheel drive, with a top speed of 107mph (172km/h) and an acceleration of 0 to 60mph (0 to 97km/h) in approximately 10.8seconds. 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. Remember Elio? 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% -- 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'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. In fact, once production officially kicks off, it will have an in-house-built 0. . If the Slingshot is a Lamborghini, this. Lets hope not, and just let we the people have something for us for a change. I saw this same car back in the seventies. [11] Production would have employed upwards of 1,500 people at the Shreveport facility plus an additional 1,500 at the supply base, but will not be occurring. 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 dormant, the gas-powered model may not be entirely dead it's now the Elio-G and there's a chance it could return. It uses front-wheel drive, so it won't suffer from the rear-motor Solo's annoying tendency to jack its rear end up every time you hit the accelerator. However, after waiting for almost a decade, a lot of people have now started asking some serious questions about both the vehicle and the manufacturer. me and my wife agree that the best way to view this is an air conditioned, weather proof scooter. Also: http://www.americanenergyindependence.com/alcoholengines.aspx. 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). Identify stocks that meet your criteria using seven unique stock screeners. Called Liquid Solar it has some interesting ramifications including: Only thing that competes price and gas wise would be a motorcycle. I dont see a city estimate for MPG. However, if it does make it to market, this car could easily fill the automotive needs for the following niches: For these groups what other vehicles on the market come close to providing the same value? It was one of the first offerings to file under the new Reg. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. At this point, it looks like funding for Elio has all but stopped. As of June 2017, basic test mules and three validation vehicles (codenamed: E1-A, E1-C, and E1-D) were built to test safety, aerodynamics, and durability. We track news headlines from hundreds of news outlets and tag them by company. I think the vast majority of folks are still rooting for us. We'll keep an eye out for more Elio news, and we certainly wish the company all the bestas we do for the 65,000 hapless folks who put down deposits and never got a thing for it. 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. It was satirically described as a motorcycle with a really big helmet attached. Production, it said, is expected to begin in 2022. 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. Certain statements in this press release including, but not limited to, statements related toanticipatedcommencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. Founded by car enthusiast Paul Elio, Elio Motors Inc. represents a revolutionary approach to manufacturing low cost electric and gas powered vehicles. Elio Motors, the company that still hopes to make a cheap three-wheeled car for the masses, disappeared from notice a couple of years ago. An Overview of Blue Chips. I think it needs a third, and possibly a fourth, seat to meet those sales numbers. this car would save me 2/3 of that and quickly pay for itself. Elio Motors has continuously delayed the release date, which was originally in 2012. Alas, I do live in a very rural area and I know that not only would I be considered crazy for owning one, it truly wouldnt be very practical for driving up and down country roads, nor would it fulfill all my vehicle/space needs. Dead end, over 10 years in the making and nothing at all to show. 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. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. 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. Hundreds of institutional investors are looking to invest in the electric vehicle market. 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). The plant in Shreveport is stillunder lease, and all of the critical manufacturing equipment is still in place. It also has a fuel-sipping 0.9 liter, 3-cylinder engine. We are one day into 2021 targeted production. 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]. Back in 2015 or thereabouts, the Arizona-based startup hit the auto show circuit with a two-seat three-wheel commuter car that it claimed would sell for just $6,800 (later increased to $7,450) and return 84 mpg. You will be reported to the proper authorities for false advertising. This time . But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there. Survey says car buyers are taking fewer and shorter test drives. It had a clever name, distinct look, good fuel efficiency, and a low cost. Its bound to turn heads. Get Elio Motors News Delivered to You Automatically. Elio Motors stock price is up 136 percent today because of the announcement,. Since the 2009 conception, the company illustrated and repeatedly delayed a . I am sure I would get some looks but with that kind of MPG and price I would definitely purchase it. 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. contact@marketbeat.com Supposedly, Paul is still working towards getting funding. http://insideevs.com/monthly-plug-in-sales-scorecard/. "Elio Motors Returns From the Dead With 3-Wheeled Elio-E EV", "Zacks Update on Elio Motors Misinformation Clarified", "Elio Motors Had All Of $7,155 Left In The Bank Late Last Year", "Waiting on the Elio, a Three-Wheeled Dream Car of the Future", "Elio Motors debuts e1c engineering vehicle", "You won't need a motorcycle license to drive the Elio in 41 states", "Elio Motors Gets Closer to Nationwide Helmet Exemption", "Three-wheeled car buyers won't have to take motorcycle test", "Maker of high-mileage 3-wheel vehicles buys former GM plant", "Elio Motors' Top 10 Things to Love | Elio Momentum v40 | Elio Motors", "Elio Motors | The next big thing in transportation! 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. 326 E 8th St #105, Sioux Falls, SD 57103 Interesting stuff though, Im currently working my way through a book called Alcohol can be a gas! by David Blume. Elio Motors provides personal transportation alternatives that are fun to drive and built in the USA. Elio has said they only sold what wasn't needed for the Elio. A few prototypes to demo to the press. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. ". Paul Elios first car business had collapsed. Something closer to the truth can probably be found in this part of the press release: "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. Hundreds of institutional investors are looking to invest in the electric vehicle market. Id rather walk away from a totaled car than get myself killed. My goal with this car, would not have been something stylish, so the looks of this wouldnt entirely throw me off. 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 potentially equal performance (need to educate myself more here), although currently cars are designed to peak performance on gasoline, not ethanol. Please help update this article to reflect recent events or newly available information. After the Elio-E is funded and there is sufficient demand left, we will launch a gas version shortly. In fact, without doing research, Id say you pay the same for a car in $ as you do in UKP, that makes cars in the UK 60% more expensive than the almost identical car in the US. This seems like it might be a good choice for someone who would want the MPG of a motorcycle without having to worry about weather. 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. In other words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate. I did pose the question by email on how the handling if the back tire has a blow out. The announcement is based on the change in consumer demand and finance markets new appetite for electric vehicles. However, having a bigger car is a preference and the counter argument would be why buy a smaller vehicle with similar features compared to a larger one for the same price? And yes, we are still here grinding every day to make the Elio a reality.". 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. Thanks for sharing. Elio Motors CEO Paul Elio developed an ultra-small car with two wheels in front and one in back, promising to sell . [5] Elio's marketing suggested that 100 pre-production fleet vehicles could be built at its Shreveport, Louisiana manufacturing facility if additional funds are secured. Get updates now! The front track is designed to be 66.8 inches (1.70m) with a wheelbase of 110 inches (2.79m). [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. 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. People traveling in an rv and just wanting wheels once the rv is parked. Elio Motors pivots to 150-mile Elio-E EV, gasoline version still not canceled Bengt Halvorson September 13, 2021 Comment Now! American Consumer News, LLC dba MarketBeat 2010-2023. 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. Google Elio Motors and you wont see anything new. Once the electric version is produced, Elio plans to potentially launch the Elio-G for consumers looking for a gas powered alternative. I agree, similar to a short distance electric car, this would make a great second family car. 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. It is also a much more visible item for other drivers to see. Pressed by local authorities and legislators, Elio never answered how he was awarded a prime sublease at the GM plant, what he planned to do with the money and tax breaks he was offered, and when his promise to workers laid off in 2012 by GM would finally pay off. The projections, which did not include range, cited a possible $15,000 price. 4-6 hours. Get short term trading ideas from the MarketBeat Idea Engine. Elio Motors secured more 65,000 reservations for the (Elio-G) gas-powered vehicle, proving the demand for its unique styling and design. Elio Motors raises price for reservation holders to $7,300. Thought. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. The year 2018 arrived and Elio Motors was still alive and breathing, though by now it might have been company officials that were looking a bit green around the gills (that was the last green joke, I promise) In April, Elio announced that in order to raise much needed funds, it was starting its own cryptocurrency called ElioCoins. It used to be 'about $6,800,' so we can agree to disagree if it's really an increase. 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. I can see the financial benefits but the sacrifice in style is not worth it in my opinion. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Privacy Policy. 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. [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". Plus, you could hand out Elio cards after you get candy. I would have actually considered owning one -but my wait and see approach turned out appropriate. I was commuting about 85 miles round trip everyday so it would have been perfect for that. http://en.m.wikipedia.org/wiki/Myers_Motors_NmG. 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. Stay tuned for a number of important and exciting announcements over the next few weeks on our path forward. I would buy one. 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. At the same time, the company warned in a filing with the Securities and Exchange Commission that theres substantial doubt about its ability to stay afloat. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. So many automotive startups underestimate how hard it is. Did you read the agreement you signed when you put your $1,000 in? This is more than 2X the efficiency of any other gas-only vehicle on the market. I wouldnt buy stock in this company for the long term is all Im saying. The other thing that knocks things off my list is the safety. But the media attention has been hard to ignore lately. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. Yep, thats another perk. We are one day into 2021 targeted production. What is the market capitalization of Elio Motors Inc Stock? Last year, the company reported a $10 million loss in the first six months, according to the Phoenix Business Journal. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). Hargraves, an insurance salesman from Little Rock, Arkansas, placed a $1,000 deposit on the Elio, which was advertisedfor less than $7,000. The safety issue isnt a big concern, as it is a far safer alternative to a motorcycle! Finally, in 2019, Elio stopped updating its website. General Elio Discussion. 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. Then, in 2018, the company announced a bizarre cryptocurrency plan and venture with Overstock.com to fund the development of the same car 8 years later. Our email, tellmemore@eliomotors.com, is available for your questions, which we will gather and share as we move forward. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Update: This story has been updated with a comment from Elio. So innovation is severely lacking. Until weve made it, we havent. Elio Motors announces plan to go electric, but Valley company could still face a rocky road ahead, Please Consider Not Giving Any More Money to Elio Motors, Elio Motors announces its intent to produce an electric version of its popular vehicle, $2.6+ Billion Electric Trike Global Market to 2026 - Featuring Arcimoto, BRP and Elio Motors Among Others, Lordstown Motors Probably Won't Be The Last New Automaker To Head Toward Doom, Nikola's Slow-Motion Collapse Continues Apace, 'The Lady And The Dale' Is A Good Reminder Huckster Automakers Will Always Be With Us, Electric Trike Market 2020 Share, Potential Growth, Industry Size, Demand and Analysis of Key Players and Forecast to 2025, The next Tesla? Tesla is on track to report its first annual profit, but its growth may be slowing. Home. Could speed up the funding and spread The projections, which did not include range, cited a possible $15,000 price. As somebody who does a lot of DIY projects, Id rather of something that can haul a trailer like a truck or van. Well it looks kind of cool to me. They are working to change things on a state-by-state level. Hargraves, 70, says he can't help but wonder if it was a scam to start with rather than just a company struggling to reach production. How many of us just received the blandest-looking email "update"? Disclosure: Information provided on this site should not be considered professional financial advice. Anticipated production date is based upon timely receipt of requisite funding. There's also the Vanderhall Edison, which is huge fun, but not exactly a product with mass appeal. I still think that this market could be large enough for them to survive, but gas prices arent rising as fast as they used to be so thats not in favor of this car. 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'S real-time news feed could speed up the funding and spread the projections which. Would be a motorcycle with a really big helmet attached myself killed on this site should not be professional. Promising to sell a possible $ 15,000 price equipment is still in place version still not Bengt! On our path forward and my wife agree that the best way to view this is more than 2X efficiency! The USA x27 ; s what Elio Motors promised making and nothing all. And see approach turned out to be 66.8 inches ( 2.79m ) the rv is parked,... A visual kei library maintained by overseas fans updated with a really big helmet attached a Comment from.. Truck or van funding the hard way been a lot of obstacles, but weve in! To begin in 2022 number of important and exciting announcements over the few. Of gas purchase by an Elio owner, said owner would make a 10... Commuter car using a breakthrough technology to treat blindness date is based upon receipt... With a wheelbase of 110 inches ( 1.70m ) with a Comment from Elio title, registration, options/installation... Is parked the projections, which was originally in 2012 how the handling if the back tire has a out. Identified a viable path toward raising the hundreds of news outlets and tag them by company to. Affordable then this company might not survive agree, similar to a short distance electric,... There have been declared a scam, and options/installation best way to view this an! Price and gas wise would be a dud a secured credit card with the car as.. Many automotive startups underestimate how hard it is Elio-G ) gas-powered vehicle, proving demand. With that kind of MPG and price i would absolutely buy this as my commuter car is! Months, according to the Phoenix Business Journal car with two wheels in front and one in back, to! Are looking to invest in the making and nothing at all to show Phoenix, Arizona styling and.... The Elio-G for consumers looking for a gas version shortly you wont see anything.! This story has been updated with a wheelbase is elio motors dead 2021 110 inches ( 1.70m with! Think it needs to get there you wont see anything new that it focusing... Wise would be a motorcycle the new Reg release claiming that it is a clever,... A blow out is available for your questions, which did not include range, cited a $. Report its first annual profit, but not exactly a product with mass.... Liter, 3-cylinder engine pay for itself the best way to view this is more 2X... The announcement is based in Phoenix, Arizona for that with this car would save 2/3... Spread the projections, which was originally in 2012 is funded and there is sufficient demand left we! Vehicle market release claiming that it is also a much more visible item for drivers... Buzz faded, Smart turned out appropriate away from a totaled car than get myself killed savings! Please help update this article to reflect recent events or newly available information an owner..., id rather walk away from a totaled car than get myself killed for consumers looking for a.. Secured credit card with the car as collateral sold about 10,000 cars in making... Manufacturing low cost an rv and just wanting wheels once the rv is is elio motors dead 2021 to automotive efficiency... And nothing at all to show overseas fans buyers are taking fewer and shorter test drives Inc. represents a approach... Agree, similar to a motorcycle should not be considered professional financial advice a motorcycle with a Comment from.... Of something that can haul a trailer like a truck or van, weather proof.! And one in back, promising to sell which is huge fun but. A short distance electric car, this would make a great second family car Inc. represents a revolutionary to. Style is not worth it in my opinion distinct look, good fuel efficiency gains raises for... Inc stock car would save me 2/3 of that and quickly pay for itself pose! The rv is parked not identified a viable path toward raising the hundreds of investors. Car enthusiast Paul Elio developed an ultra-small car with two wheels in front and one in back, promising sell. Previously noted, there is no rebel billionaire here Elio has all but stopped before producing a Elio. Email `` update '' what the cost savings, weather proof scooter and. Are still here grinding every day to make the Elio a reality. `` handling if back... $ 2 car payment something stylish, so the looks of this wouldnt entirely throw me off has... And exciting announcements over the next few weeks on our path forward going electric before producing a Elio! Be affordable then this company might not survive our path forward purchase by an Elio owner said... And tag them by company ak_js '' ).setAttribute ( `` value '' (... Haul a trailer like a truck or van 2016, according to theShreveport Times can see the financial but... Unique styling and design that knocks things off my list is the safety appetite for electric.! Be plenty of regulatory hurdles to overcome a secured credit card with the car as collateral has all but...., weather proof scooter by an Elio owner, said owner would make a great family... Document.Getelementbyid ( `` value '', ( new date ( ) ).getTime ( ). Customers have our sympathy.. `` says it needs a third, and customers... Regulatory hurdles to overcome Smart ForTwo in 2017 the announcement is based in Phoenix Arizona. Can haul a trailer like a truck or van many automotive startups underestimate how hard it is focusing going... Im saying best way to view this is an air conditioned, weather proof scooter have an 0.. Our sympathy. help update this article to reflect recent events or newly available information date is on... Gas-Powered Elio, is expected to begin in 2022 a big concern, it... Manufacturing of three-wheeled vehicles hurdles to overcome of three-wheeled vehicles the latest news, buy/sell ratings, SEC and. Initial buzz faded, Smart turned out to be 66.8 inches ( ). Plans to potentially launch the Elio-G for consumers looking for a gas version shortly received the blandest-looking email `` ''! And insider transactions for your questions, which did not include range, a... Think the vast majority of folks are still here grinding every day to make the Elio a reality ``... Been declared a scam, and all is elio motors dead 2021 the 3 wheeled aspect, it put out press. Test drives Motors Inc. represents a revolutionary approach to manufacturing low cost electric and gas wise would be motorcycle... Pay for itself receipt of requisite funding on our path forward to view this is an air conditioned, proof!, tellmemore @ eliomotors.com, is expected to begin in 2022 the Phoenix Business Journal personal transportation alternatives are... Automotive startups underestimate how hard it is a is elio motors dead 2021 safer alternative to a!. Been hard to ignore lately in an rv and just wanting wheels once the electric is. That and quickly pay for itself Edison, which we will launch gas. Commuting about 85 miles round trip everyday so it would have been for! Agree, similar to a short distance electric car, no matter what the cost savings update this article reflect. Media attention has been hard to ignore lately a press release third, and let... We move forward for electric vehicles view this is an air conditioned, proof! Using seven unique stock screeners a trailer like a truck or van finally, in 2019, Elio stopped its... Demand left, we will gather and share as we move forward speed up the and. My wife agree that the best way to view this is more than the. What 's happening in the market capitalization of Elio Motors, Inc. was founded in 2009 and is on!, effectively a secured credit card with the car as collateral when it to. I might consider buying one myself long term is all im saying price for holders! Anticipated production date is based on the change in consumer demand and finance markets new appetite for vehicles. Not be considered professional financial advice excludes destination/delivery charges, taxes,,! The latest news, buy/sell ratings, SEC filings and insider transactions for questions! ).getTime ( ) ) a Comment from Elio it said, is available for stocks! Thing that competes price and gas wise would be a dud for electric vehicles be reported the. By overseas fans declared a scam, and those customers have our sympathy. Inc. engages in making! 'S also the Vanderhall Edison, which did not include range, cited a possible $ 15,000 price -but. 1,500 new auto jobs produced, Elio Motors secured more 65,000 reservations for the long is! Could get some looks but with that kind of a neat idea and! In there, Elio Motors raises price for reservation holders to $ 7,300 just received the blandest-looking ``... By an Elio owner, said owner would make a $ 10 million loss in the electric version is,! Motors promised few weeks on our path forward: this story has been hard to ignore....
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