A and one of the first to come to market. Charge Time. In other words, Elio would have to out-sell Volvo and Jaguar Land Rover right out of the gate. Our daily ratings and market update email newsletter. Plus, losing around $18M in 2019 and that same for 2020 is cool. I am for saving fuel. document.write('
'); 0.44Average Auto/Tires/Trucks News Sentiment. Advertisements in 2017 illustrated a base price target of $7,450 for the gas motor version and suggested to achieve up to 84 mpg-US (2.8 L/100km) on the highway and up to 49 in the city. 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. 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. 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. I would imagine black would be a color. 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. 40 talking about this. ", "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? 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. 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). http://www.goodcarbadcar.net/2011/01/scion-iq-sales-figures.html Thought. 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. According to the press release, Elio's original plan was to launch the gasoline-powered Elio-G first, then follow up with a battery-powered electric version. 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 Mitsubishi Mirage Car + fuel cost over 5 years estimated at $22,115. Plus, you could hand out Elio cards after you get candy. The three-wheel electricElioisengineered to be the ultimate low cost commuter and fleet vehicle while providing the comfort of amenities. Threads 1.8K . 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? I like the 3-wheel premise and while I wouldnt buy it in orange, I would definitely pick this car up as a very cost-effective, fuel-efficient commuter vehicle. I wouldnt buy stock in this company for the long term is all Im saying. A license really isnt difficult to get (I had one at 15), but if you dont already have a bike, borrowing one for the test could be difficult. You paint that bad boy black and its like having your own Batmobile! Published: 11 Sep 2021, . and our 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. As previously noted, there is no rebel billionaire here Elio has had to bootstrap its funding the hard way. Elio Motors isn't doing so well. [15][16] In December 2016, the date was announced to have moved to 2018,[2] and on Nov 1, 2017 in a Facebook reply, Elio Motors mentioned the start of production aimed for 2019. It was an intriguing concept, and Elio took some 65,000 deposits, most of which were non-refundable. Get short term trading ideas from the MarketBeat Idea Engine. The self balancing system is capable to keep the motorcycle stable during a crash. Dead end, over 10 years in the making and nothing at all to show. I actually think that it looks kind of cool. For me, its a question of safety. Which Dollar Store, If Any, is Worth Your Investment Dollars? This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. Say. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. 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. clarinet, bassoon duet. 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Starting an automotive company is not cheap. . Considered, but if they sold these with Id have to see how solid this car is. Id seriously consider it as it ticks the main boxes. My enthusiasm is genuine and I am definitely not alone the Elio already has 65,000 paid reservations. 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. Elio Motors, Inc. engages in the designing, developing and manufacturing of three-wheeled vehicles. In September 2021, Elio Motors announced that a new electric motor design was the company's focus, to be later followed by a gas motor option. Well, I am sure this has been already 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. We are sure that you have a lot of questions that we will work to answer over the coming weeks and months. 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. Elio Motors assumes no obligation to update the information within this website. 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! When a bigger car or a pick up truck hits into it in an accident, whos going to have minor scrapes on the fender, and whose car is going to be totaled with the driver getting severe injuries or death? 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. 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. Elio Motors' three-wheel econo-spaceship looks like something from the future, but it's actually fairly simple. 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. (844) 978-6257. Photo courtesy of Elio Motors In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. [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. 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? This vehicle reduces that by being only one passenger wide. By: Joe Ducey. Finally, in 2019, Elio stopped updating its website. It is only 2-3 mpgs higher than some much larger gas-only models. Smarts problem was being the baby of a european market where his vehcile prices are the norm. Our email, tellmemore@eliomotors.com, is available for your questions, which we will gather and share as we move forward. A Russian agent, an eccentric millionaire and a new cryptocurrencymeant to help fund Elio Motors. That said, we can't help but think this announcement is an attempt to keep the Elio dream alive and the company afloat. Send it in to tips@thedrive.com. In the filing, it said that their vehicle would not be capable of production until approximately 76 weeks after securing enough funding to begin.[14]. If you want to market and actually sell a car that requires consumers to sacrifice utility, you better offer both of the following: Unfortunately, Smart was not really successful with either. Vehicle shown is the gas powered version. This week has been a tough one for automakers in general, with Ford, GM and Toyota all announcing monthly declines in new car sales - the first time that's happened since 2009. The Honda Civic that runs on CNG, except refueling on the road is a joke. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. 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. For more information, please see our Elio Motors assumes no obligation to update the information within this website. 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. Sep 9, 2021. 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. 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. I honestly love the idea of this product but I dont think enough people will buy them to keep them around.If you look up mini car museum on YouTube you will find a video of hundreds of small extremely fuel efficient cars that promised the same thing but went out of business. When it drags a town along with it, it is. That an automotive startup flounders isnt especially remarkable. Paul Elios first car business had collapsed. Elio Motors assumes no obligation to update the information in this press release. The design idea included multiple air bags, anti-lock brakes, traction control, steel unibody frame, and crumple zones and a three-wheeled autocycle configuration with two wheels in front, one in back. Hundreds of institutional investors are looking to invest in the electric vehicle market. JavaScript is disabled. 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. But, Ive grown a bit cynical over the years. Well these reservations do look good it is still unclear how many of these people have put down the full $1,000 "All In" deposit for an Elio. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Identify stocks that meet your criteria using seven unique stock screeners. Published on Jul 26, 2017. I dont see a city estimate for MPG. Ive been looking at this car for over a year now and we sat in the previous prototype when they were in California. Elio Motors, Inc. was founded in 2009 and is based in Phoenix, Arizona. Threads 125 Messages 4K. I am moving home to suburban NJ but work is on Staten Island. For more info see the elioowners.com website. May 3, 2017. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. Dont put in a non-refundable reservation. http://insideevs.com/monthly-plug-in-sales-scorecard/. Johnny Cooper Albany, Oregon, Address: PO Box 271 | Dexter, MI 48130 | USA. View Gallery 17 photos Last week Elio Motors put a price on. They're still waiting. Cookie Notice Privacy Policy. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. 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). 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