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Web App For Guessing Production Date
- Thread starter Macadamean
- Start date
Macadamean
Elio Aficionado
Can't believe it's been nearly a year and a half since the last post on here.
I updated the default date once again to the beginning of next year, though it will likely be a little while after that while the first 100 are given the go around. I don't track updates as closely as I used to, so if anyone has a new production model that is more accurate based on current info (or a better default date), let me know!
I updated the default date once again to the beginning of next year, though it will likely be a little while after that while the first 100 are given the go around. I don't track updates as closely as I used to, so if anyone has a new production model that is more accurate based on current info (or a better default date), let me know!
You can use this Delivery Calculator and change a beginning date to any guess you want. May 1st 2017 sounds as good as any (This is just a "Guess-ta-mator" and not anything locked in, proof positive)
TCBronson
Elio Addict
I think this will be a big selling point for Elio if they can pass the 5 star rating!
raptor213
Elio Addict
In an SEC filing with the specific intent of notifying investors of Elio Motors' solicitation to begin trading common stock on the NYSE in an effort to attract higher daily trading volumes and public exposure, note this tidbit I read on page 18 under 'Plan of Operations'
"
We are in the process of refining our production plans with suppliers to start production in 15 months. The key milestones for the 15-month schedule are as follows (with E1, S1 and V1 referring to various vehicle prototype phases):
Are we now forecast to see the 100 pre-production fleet vehicles in Sept/Oct 2017, with production deliveries to reservation holders beginning around Nov 2017? This would appear to be an approximate 10-month delay added to most recent public statements of pre-production fleet vehicles rolling out of Shreveport in Dec 2016.
There is also a good deal of concern over the looming forbearance and deferment options expiring on/before 8/01/16 on existing collaterized debt arrangements without any revenue streams.
Peanut gallery?
"
We are in the process of refining our production plans with suppliers to start production in 15 months. The key milestones for the 15-month schedule are as follows (with E1, S1 and V1 referring to various vehicle prototype phases):
- $16.0 million, net proceeds at the close of the Regulation A offering
- E1 Engineering drawing release
- E1 Builds begin
- E1 Testing
- S1 Production drawing release & tooling kickoff
- Order long lead equipment
- Shreveport plant integration
- Initial 10 retail locations selected
- Retail lease agreements signed
- Service partner agreements signed
- S1 Builds and production validation
- Initial 10 retail stores build out complete
- EPA/CARB certification complete
- Start of Production V1
"
Are we now forecast to see the 100 pre-production fleet vehicles in Sept/Oct 2017, with production deliveries to reservation holders beginning around Nov 2017? This would appear to be an approximate 10-month delay added to most recent public statements of pre-production fleet vehicles rolling out of Shreveport in Dec 2016.
There is also a good deal of concern over the looming forbearance and deferment options expiring on/before 8/01/16 on existing collaterized debt arrangements without any revenue streams.
Peanut gallery?
bunchathrees
Elio Addict
From the 1-U/A dated 3/31/2016:
NOTE 7
CUSTOMER DEPOSITS
The Company has received customer deposits ranging from $100 to $1,000 per order for purposes of securing their vehicle production slot. As of March 31, 2016, the Company received refundable deposits of $1,114,900 which are refundable upon demand. Refundable deposits are included in current liabilities in the accompanying balance sheet. The Company has received $20,961,900 in nonrefundable deposits. The nonrefundable deposits are included in long term liabilities in the balance sheet since consumer production is expected to begin mid-2017.
NOTE 7
CUSTOMER DEPOSITS
The Company has received customer deposits ranging from $100 to $1,000 per order for purposes of securing their vehicle production slot. As of March 31, 2016, the Company received refundable deposits of $1,114,900 which are refundable upon demand. Refundable deposits are included in current liabilities in the accompanying balance sheet. The Company has received $20,961,900 in nonrefundable deposits. The nonrefundable deposits are included in long term liabilities in the balance sheet since consumer production is expected to begin mid-2017.
Sethodine
Elio Addict
No new delay announcement. Elio Motors is currently at the 4th bullet point; the first E-series vehicle is already complete and has been handed off to Continental for testing of it's ABS components/timing/etc. At least 3 other E-series are currently under construction.
The "15 month plan" is nothing new, and if I am remembering the chart correctly we are late in month 4 right now. This means that July 2017 is still the projected start date for V-series production.
Well, if that's the official statement, at least now the 100 have been associated to an identified Month(s) rather than a half-year or quarter year. This may or may not mean progress as far as a project view is concerned. Obvious for me it's never soon enough.
The farther off this goes the longer it will take to see that explosion of reservations that I'm expecting. For that part it's definitely a chick/egg situation if it were actually limited to just those two issues.. Would have to have one to get the other. At this current rate and if Nov 2017 is the case, there will be at least 75k reservations with around 50-60million(or more) paid in cash.
Fortunately there are other funding's/triggers that will enable final production. And the reservation rate will exponentially climb between 3 to 5 months prior to a confident (in the public mind) production date.
The farther off this goes the longer it will take to see that explosion of reservations that I'm expecting. For that part it's definitely a chick/egg situation if it were actually limited to just those two issues.. Would have to have one to get the other. At this current rate and if Nov 2017 is the case, there will be at least 75k reservations with around 50-60million(or more) paid in cash.
Fortunately there are other funding's/triggers that will enable final production. And the reservation rate will exponentially climb between 3 to 5 months prior to a confident (in the public mind) production date.
WilliamH
Elio Addict
Taking your 15 months and calculating from that point it sounds more like July or August of 2017, not November.
One other thing we do here is show respect for one another.
Since you are new, and this was your first post, please remember the respect in future posts.
"Peanut gallery" can be taken as a derogatory statement; "Anyone" or "Opinions please" would be a better choice.
Thank you.
Plus the SEC filing has had long discussions here in the past; you might want to look into past conversations to find what has already been covered when it comes to fines and penalties, plus dates are not absolute; they are a guide/outline to go by.