Why Are Elio Owners In Interested In Elio?

[RUCRAYZE]

as best I can remember and with my memory and that can be a bit sketchy, so long as EM appears to the Parrish officials to be moving to production in or before mid 2016 no fines will be imposed

Which begs the question, we're almost mid 2015, when would the financing be required to hit the deadline, i.e. is it possible in 10, 11,12 months to produce the E for sale- with all the steps successful ?

 

[JEBar]

Which begs the question, we're almost mid 2015, when would the financing be required to hit the deadline, i.e. is it possible in 10, 11,12 months to produce the E for sale- with all the steps successful ?

anyone outside of EM would be guessing .... I seem to remember that I read they needed 3 months to get the people hired and the assembly line setup .... don't know if that's accurate or not .... my GUESS is they have to show major progress by the last quarter of this year but that may or may not be close

 

[RUCRAYZE]

anyone outside of EM would be guessing .... I seem to remember that I read they needed 3 months to get the people hired and the assembly line setup .... don't know if that's accurate or not .... my GUESS is they have to show major progress by the last quarter of this year but that may or may not be close

Let me ask-( I don't know squat about this type of time line).
Before they "produce" the units in 3 months-
Time to build and test 25 units?
Have retail financials in place (loans for buyers)?
Pay, I guess upfront for pieces/suppliers, to be ready.
Engineer the assembly robots
what I'm trying to get at is using a 3 month example, wouldn't it take more than a few weeks to a month to just hire the managers/ assembly workers? set up the temporary distribution sites (not the stores)?/ secure modify/lease the trucks for delivery? , get insurances in place, get all the "stuff" delivered.
It would seem a very tight schedule that if on Jan 1 2016 the funding is in place and by April 1st +/- they will be cranking them out- I also thought it would require a 4-6 week prior decision on our part to order our E w/ options ?
It just seems a stretch that 3 months it could happen.
Then again, I defer to those wiser.

 

[JEBar]

sorry, I wasn't clear .... you are absolutely correct that much has to be done prior to the 3 month (or so) period of hiring and setting up the assembly line .... producing the test units is a good example .... without having the projections on how long it will take to complete each step, anything I'd say is a pure guess .... backing up from a July 1 production date, 3 months would be April 1st .... I suspect that they would have to have the test units ready for testing sometime during the last quarter of this year (the sooner the better)

 

[RUCRAYZE]

sorry, I wasn't clear .... you are absolutely correct that much has to be done prior to the 3 month (or so) period of hiring and setting up the assembly line .... producing the test units is a good example .... without having the projections on how long it will take to complete each step, anything I'd say is a pure guess .... backing up from a July 1 production date, 3 months would be April 1st .... I suspect that they would have to have the test units ready for testing sometime during the last quarter of this year (the sooner the better)

thanks, I usually have to ramble on, while so many, say so much, with so few (words)lol

 

[eddie66]

Let me ask-( I don't know squat about this type of time line).
Before they "produce" the units in 3 months-
Time to build and test 25 units?
Have retail financials in place (loans for buyers)?
Pay, I guess upfront for pieces/suppliers, to be ready.
Engineer the assembly robots
what I'm trying to get at is using a 3 month example, wouldn't it take more than a few weeks to a month to just hire the managers/ assembly workers? set up the temporary distribution sites (not the stores)?/ secure modify/lease the trucks for delivery? , get insurances in place, get all the "stuff" delivered.
It would seem a very tight schedule that if on Jan 1 2016 the funding is in place and by April 1st +/- they will be cranking them out- I also thought it would require a 4-6 week prior decision on our part to order our E w/ options ?
It just seems a stretch that 3 months it could happen.
Then again, I defer to those wiser.

It would seem to me, with 7.5 million going away, one way or another, it would be better spent by hiring and training, and paying the employees, to prep for production, rather than travel around the country doing stale road shows, that frankly attract mostly, people like us that have already put up money, and going in a positive direction, rather than forking it over in fines, that would surely spell disaster for Elio. It would also show potential investors, that there is something to actually invest in. But before any of this can happen, there has to be a final product to build, so if they don't produce one very soon, none of this will ever happen. This is not nay-saing, it's common sense. As much as all of us want to see this thing on the road, it is coming to face facts.

 

[RUCRAYZE]

It would seem to me, with 7.5 million going away, one way or another, it would be better spent by hiring and training, and paying the employees, to prep for production, rather than travel around the country doing stale road shows, that frankly attract mostly, people like us that have already put up money, and going in a positive direction, rather than forking it over in fines, that would surely spell disaster for Elio. It would also show potential investors, that there is something to actually invest in. But before any of this can happen, there has to be a final product to build, so if they don't produce one very soon, none of this will ever happen. This is not nay-saing, it's common sense. As much as all of us want to see this thing on the road, it is coming to face facts.

Thanks, wouldn't hiring folks "to prep for production " be too open-ended ? i.e. paying/hiring and perhaps not being ready to have them do assembly. This is in a nutshell, what I'm trying to figure, not so much how/where they spend their $, but rather assuming they have the money day 1, to realistically turn out vehicles- (fill in) months?? I to remember if by a certain date 1500 employees are not hired, EM incur very steep fines (some here hoping again for another extension?)
I don't know or control feelings/opinions. I'm seeking "facts" from people who have been there and done it (there are a few who do this for their livelihood there is at least one guy I remember actually worked in the plant).
Basically if anyone knows the time frame to produce the E when and if the $ is secured i.e. loan guarantee is secured 6/1/15, when could they start "rolling off the line"

 

[JEBar]

It would seem to me, with 7.5 million going away, one way or another, it would be better spent by hiring and training, and paying the employees, to prep for production, rather than travel around the country doing stale road shows, that frankly attract mostly, people like us that have already put up money, and going in a positive direction, rather than forking it over in fines, that would surely spell disaster for Elio. It would also show potential investors, that there is something to actually invest in. But before any of this can happen, there has to be a final product to build, so if they don't produce one very soon, none of this will ever happen. This is not nay-saing, it's common sense. As much as all of us want to see this thing on the road, it is coming to face facts.

face the facts ??? .... the fact is the tour is reported to be a major factor in generating enough income from reservations to pay for it and to have some money left over for other use .... common sense indicates that it isn't wise to cut any source of positive income during tight economic times

 

[eddie66]

All good points, but what I was trying to say is, I doubt the Parrish would grant another extention on the fines, even if they grant an additional extention on production. So, wouldn't it make more sense to have the 7.5 million go towards prepping for production, rather than giving it away in fines? If those jobs were in place, the people would lose those jobs, which would make the Parrish think twice before rejection an additional production extention if one was needed.

 

[eddie66]

face the facts ??? .... the fact is the tour is reported to be a major factor in generating enough income from reservations to pay for it and to have some money left over for other use .... common sense indicates that it isn't wise to cut any source of positive income during tight economic times

Based on the recent reservation rate, I don't believe. I don't know the true facts anymore then anyone else here, but if I Was going to make another reservation, based on all the facts we do have after following along all this time, it would probably.be in the 100 dollar want in category. You no longer see all the " spot in line" numbers posted here when logging in after they go out. Just my opinion.