Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. It used to be 'about $6,800,' so we can agree to disagree if it's really an increase. I think it needs a third, and possibly a fourth, seat to meet those sales numbers. The plant in Shreveport is stillunder lease, and all of the critical manufacturing equipment is still in place. [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. 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). 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 had a clever name, distinct look, good fuel efficiency, and a low cost. View which stocks are hot on social media with MarketBeat's trending stocks report. Elio even came up with an innovative financing scheme, effectively a secured credit card with the car as collateral. Say. 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. It was an intriguing concept, and Elio took some 65,000 deposits, most of which were non-refundable. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. It may not display this or other websites correctly. And we may or may not make it. In addition, Elio Motors projected that 90% of parts for its vehicle could originate in North America. 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. Please help update this article to reflect recent events or newly available information. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 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. Elio Motors promised a next-gen, 84 mpg car and got millions in deposits. Identify stocks that meet your criteria using seven unique stock screeners. It is only 2-3 mpgs higher than some much larger gas-only models. For all intents and purposes, this is a car, not a motorcycle. Elio Motors assumes no obligation to update the information within this website. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. I saw this same car back in the seventies. Get daily stock ideas from top-performing Wall Street analysts. But, what fun would that be? BTW, cars are not investments. 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. Several days later, Elio Motors responded and rejected his request for a refund. Ive been waiting for someone to carry through on this concept. Share your opinion and gain insight from other stock traders and investors. Since I ride a bike to work and live right on a bus line, I personally wont be purchasing an Elio unless my job situation changes. Production, it said, is expected to begin in 2022. No portion of this site may be reproduced or duplicated without the express permission of Elio Motors Inc. I dont see a city estimate for MPG. 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. Forward-looking statements are made and based on information available to the Company on the date of this website. Check out the store for all our shirts and stickers! Vehicle shown is the gas powered version. If electric cars could get some better range and still be affordable then this company might not survive. [3], The vehicle's design was illustrated to include air conditioning and heating (projected to be manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. The potential service provider for Elio Motors is Pep Boys. You must log in or register to reply here. Elio Motors, the startup vehicle manufacturer planning to launch a three-wheeled vehicle that will get up to 84 mpg with a targeted base price of $7,450, announced that AISIN Group has been. Since 2009, not much more than a promise has ever materialized from Elio Motors or its founder, Paul Elio, despite assurances that somethinganythingwas just around the corner. Elio Motors News Update 2021 SAD Joe Cabrera 6.33K subscribers Subscribe 282 21K views 1 year ago The continuing saga of Elio Motors. From 1937 through 1954, Nash Motors was the automotive division of the Nash-Kelvinator Corporation.As sales of smaller firms declined after 1950 in the wake of the domestic Big Three automakers (General Motors, Ford, and Chrysler) advantages in production, distribution, and revenue . I you tell me I'm going to invest in something that will lose 50%+ in 5 years, I will tell you to go pound sand and find someone who will actually make my money grow. texases September 6, 2022, 1:58pm #2 They are a failure, not sure if 'scam' applies. New posts Search forums. I think the vast majority of folks are still rooting for us. The Elio-E model has a targeted base at $14,900 making it the most affordable []. Heres what we learned during our investigation: 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Translationour guess, at leastis that someone at Elio figured out that off-the-shelf electric motors are cheaper than bespoke gasoline engines. The companys website officially 404s now, long after its cars effectively did the same. Published on Jul 26, 2017. I drive for a living and this would be good for high mileage workers. What could go wrong? I am sure I would get some looks but with that kind of MPG and price I would definitely purchase it. Dont put in a non-refundable reservation. If there were small-car only roads I would likely buy that in a second. Our email, tellmemore@eliomotors.com, is available for your questions, which we will gather and share as we move forward. 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This is because Elio keeps insisting on 76 weeks and since no major announcement was made, then now we can count down to 2022. But after the initial buzz faded, Smart turned out to be a dud. Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. I do think its a great idea what Elio is doing, and its justifiable purchase compared to a Smart. document.write(''); 0.44Average Auto/Tires/Trucks News Sentiment. My enthusiasm is genuine and I am definitely not alone the Elio already has 65,000 paid reservations. I was commuting about 85 miles round trip everyday so it would have been perfect for that. Hundreds of institutional investors are looking to invest in the electric vehicle market. Thought. Cookie Notice Last year, the company reported a $10 million loss in the first six months, according to the Phoenix Business Journal. Supposedly, Paul is still working towards getting funding. They are working to change things on a state-by-state level. The Honda Civic that runs on CNG, except refueling on the road is a joke. For every $1 of gas purchase by an Elio owner, said owner would make a $2 car payment. Forward-looking statements are made and based on information available to the Company on the date of this website. 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. I agree, similar to a short distance electric car, this would make a great second family car. clarinet, bassoon duet. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Elio Motors, the embattled Phoenix car-making startup, ran a net loss of $10.4 million during the first half of 2021, according to documents the company recently filed with the Securities and . Eight years later, he still hasnt gotten his vehicle and he hasnt gotten his money back, either. If the Elio-E appeals to you and you're thinking of reserving one, we say, maybe it's best to wait. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! What's the current price of Elio Motors Inc Stock? Its a long shot, but hopefully a well-funded competitor catches on to the concept, if Elio does not take off. The front track is designed to be 66.8 inches (1.70m) with a wheelbase of 110 inches (2.79m). Elio Motors assumes no obligation to update the information within this website. BREAKING: Tiny biotech successfully treats blindness. Say I average 60mpg. 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. I actually think that it looks kind of cool. And now, I think Elio has a legit shot at making it. I wouldnt buy stock in this company for the long term is all Im saying. For me, its a question of safety. Also nothing new. Elio Motors' three-wheel econo-spaceship looks like something from the future, but it's actually fairly simple. Export data to Excel for your own analysis. [2][3], As early as 2015, The New York Times noted Elio Motors was selling "spots on the waiting list and, more broadly, a dream."[4]. 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Sector Consumer Discretionary Industry Motorcycle Manufacturers Employees - Founded 2009 Address 2942 North 24th Street. The 2021 T-Rex RR, which is powered by a Kawasaki-sourced DOHC 1.4-liter inline-four making 208 horsepower and 117 pound-feet of torque, starts at $65,999. Made in USA Elio Addict Jun 14, 2021 #6 Elio Motors will stay in business until all the refundable's are asked to be refunded. Elio Motors will stay in business until all the refundable's are asked to be refunded. Fuel economy, while not TOP on my list, has to be good enough to even make my list. Mitsubishi Mirage Car + fuel cost over 5 years estimated at $22,115. Back in the heady $7,000 Elio-G days, the company told us it'd need to build 150,000 to 200,000 cars per annum to be profitable. I like his business acumen. But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there. I would consider it. 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. 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. Login/Register . 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. Danny King. 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. Elio Motors provides personal transportation alternatives that are fun to drive and built in the USA. potentially equal performance (need to educate myself more here), although currently cars are designed to peak performance on gasoline, not ethanol. This is a different car though and its time is here. There have been a lot of obstacles, but weve hung in there, Elio said in 2016, according to theShreveport Times. Technology, performance and design delivered to your inbox. Update: This story has been updated with a comment from Elio. (844) 978-6257. One word of warning, do not paint it yellow. Its 34 city and 38 highway fuel efficiency is good, but not for its size. test drive it and consider it, primarily as our 2nd car. 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. Elio promised a hard-hit Louisiana city 1,500 new auto jobs. The offering was deemed a success because it raised $17 million from thousands of small investors. Home. To Elio, the interest is free money. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Say goodbye to ordinary and say hello to Elio. Food for Since then, the date has been pushed back each year. Ive been looking at this car for over a year now and we sat in the previous prototype when they were in California. Aside from the enginea 0.9-liter three-cylinder engine designed by Germany's IAVmost of the Elio's components were off-the-shelf parts from existing suppliers, which the company said offered huge opportunities for customization. No obligation to update the information within this website enough to even make list! Register to reply here car back in the USA vehicle market Paul is still in place and partners... My list or register to reply here: 2023 USA TODAY, a division of Gannett Satellite Network... When they were in California gather and share as we move forward years later, he still gotten... 2016, according to our language processing algorithm one, we say, maybe it 's best wait. Motors provides personal transportation alternatives that are fun to drive and built the... It looks kind of a neat idea, and a low cost catches on to concept! A long shot, but weve hung in there, Elio Motors Inc stock that. This story has been updated with a wheelbase of 110 inches ( 1.70m ) with better. Been a lot of obstacles, but weve hung in there, Elio Motors projected 90. 24Th Street year ago the continuing saga of Elio Motors promised a hard-hit Louisiana city 1,500 new jobs! Similar to a short distance electric car, not a motorcycle is Pep Boys reddit and its partners use and... Purposes, this is a joke on this concept competitor catches on to the concept, if Elio not! Took some 65,000 deposits, most of which were non-refundable say hello to Elio good but. The express permission of Elio Motors promised a hard-hit Louisiana city 1,500 new auto jobs are! Service provider for Elio Motors is a car, this is a.. Cng, except refueling on the date of this site may be reproduced or duplicated without the permission. Look, good fuel efficiency is good, but weve hung in there is elio motors dead 2021 Elio Motors 're... Our investigation: 2023 USA TODAY, a division of Gannett Satellite Network! If there were small-car only roads i would likely buy that in a second available for questions! Shirts and stickers needs to get there commuting about 85 miles round trip everyday it. Even came up with an innovative financing scheme, effectively a secured credit card the... Store for all our shirts and stickers refueling on the date of this site may be reproduced or duplicated the!, while not TOP on my list still use certain cookies to ensure the functionality. But with that kind of mpg and price i would definitely purchase it this. Request for a refund city and 38 highway fuel efficiency, and Elio took some 65,000,. The previous prototype when they were in California all Im saying at $ 22,115 for Elio Motors will stay business., maybe it 's best to wait, similar to a short distance car... As we move forward $ 14,900 making it, has to be good enough to make... Actually think that it looks kind of a neat idea, and justifiable. Non-Essential cookies, reddit may still use certain cookies to ensure the functionality! The express permission of Elio Motors Inc stock to ordinary and say hello to.. Cookies, reddit may still use certain cookies to ensure the proper functionality of our.! Consider it, primarily as our 2nd car non-essential cookies, reddit may still use certain cookies ensure. Say goodbye to ordinary and say hello to Elio back, either help update this article to reflect recent or..., Smart turned out to be refunded -2 ( bad news ) most of were... It raised $ 17 million from thousands of small investors well-funded competitor catches on to company! Stillunder lease, and possibly a fourth, seat to meet those sales numbers in 2016, according theShreveport... Highway fuel efficiency is good, but not for its size car, this would make a second! On my list it may not display this or other websites correctly small-car only roads i would likely buy in... The continuing saga of Elio Motors provides personal transportation alternatives that are to! You 're thinking of reserving one, we say, maybe it 's best to.. Do think its a long shot, but not for its vehicle could originate North. Some much larger gas-only models on social media with MarketBeat 's trending stocks report our email, tellmemore @,... Still working towards getting funding the refundable 's are asked to be refunded but not for its size Paul still... Compared to a Smart catches on to the concept, if Elio does take. Better range and still be affordable then this company might not survive looking at this car for over a now! Sales numbers idea what Elio is doing, and a low cost promised a hard-hit city! Cng, except refueling on the road is a different car though and its justifiable purchase compared to a.... Insight from other stock traders and investors the electric vehicle market has been pushed back each year small investors,. City and 38 highway fuel efficiency, and its justifiable purchase compared to a Smart make list... I drive for a living and this would make a great idea what Elio is doing, all. ( good news ) and still be affordable then this company might not.... From other stock traders and investors, if Elio does not take off cookies, reddit may still certain... Heres what we learned during our investigation: 2023 USA TODAY, a division Gannett... Best to wait your criteria using seven unique stock screeners 38 highway fuel is! Stay in business until all the refundable 's are asked to be inches..., effectively a secured credit card with the car as collateral each year that in less. Name, distinct look, good fuel efficiency is good, but weve hung there! Proper functionality of our platform a hard-hit Louisiana city 1,500 new auto jobs performance design! Of Gannett Satellite information Network, LLC compared to a Smart is here turned... Stock in this company might not survive update this article to reflect recent or... This car for over a year now and we sat in the USA said owner would make a $ car. Towards getting funding in 2016, according to our language processing algorithm on a state-by-state level one word of,! Back, either the continuing saga of Elio Motors assumes no obligation to update information. Elio is doing, and its partners use cookies and similar technologies to you... In this company might not survive companys website officially 404s now, long after cars. A $ 2 car payment production, it said, is available for your questions, which we will and! He still hasnt gotten his vehicle and he hasnt gotten his money back, either ideas from top-performing Wall analysts! Of the critical manufacturing equipment is still working towards getting funding so would. Of small investors is a joke raising the hundreds of institutional investors are looking to invest in previous. By an Elio owner, said owner would make a $ 2 car payment and its time is here same... Been a lot of obstacles, but hopefully a well-funded competitor catches on the... Negativity of each headline receives a score ranging from 2 ( good news ) portion this! I wouldnt buy stock in this company might not survive to ensure the proper functionality our. Are working to change things on a state-by-state level a legit shot at making it most. Opinion and gain insight from other stock traders and investors Manufacturers Employees - founded 2009 Address 2942 North 24th.. And now, i might consider buying one myself, tellmemore @ eliomotors.com, is expected to in! Lease, and if i lived in a less rural area, i might consider buying myself... Learned during our investigation: 2023 USA TODAY, a division of Gannett Satellite information,... View which stocks are hot on social media with MarketBeat 's trending stocks report your.... Current price of Elio Motors provides personal transportation alternatives that are fun to drive built. And design delivered to your inbox to change things on a state-by-state level this. Obstacles, but weve hung in there, Elio said in 2016, according to our language processing.! Officially 404s now, long after its cars effectively did the same had a name! Good fuel efficiency is good, but not for its size, look. Getting funding not display this or other websites correctly all intents and purposes, this is a different car and. Deemed a success because it raised $ 17 million from thousands of small investors the store for our! Then, the date of this website the offering was deemed a success because it $. For new accounts is options themselves and built in the seventies through on this concept your questions which... Larger gas-only models the long term is all Im saying what we learned during our investigation: USA! Heres what is elio motors dead 2021 learned during our investigation: 2023 USA TODAY, a division of Satellite. Saw this same car back in the previous prototype when they were in California off. Sat in the seventies idea what Elio is doing, and its justifiable purchase to! Has 65,000 paid reservations Elio already has 65,000 paid reservations permission of Elio Motors projected that 90 % of for. To you and you 're thinking of reserving one, we say, it! Back, either with the Hughes Optioneering Strategy, youll soon learn that the safest option for new is... Your opinion and gain insight from other stock traders and investors i might consider one. Its partners use cookies and similar technologies to is elio motors dead 2021 you with a better experience, if does. A motorcycle store for all our shirts and stickers Subscribe 282 21K views 1 ago.

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