100 Preproduction Elio's To Be Built In December!!

[ElioFisherman]

It's a no brainer to put the first 100 to work building the orders beyond 100,000. What do you think?

 

[Eliodude]

On March 11th, Elio Motors announced the intention to manufacture 100 pre-production pilot units by the end of the year at their leased faculty in Shreveport.

I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.

I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.

Possibly Elio moved away from this goal?

Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!

https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm

 

[Johnny Acree]

Looks like they are now calling them V1 units

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

 

[Ekh]

I think it has one major problem -- paying the 300 to 400 people it would take to support 100 cars in the field. Can you imagine the logistics and expense of schlepping 100 cars from place to place every few days, staying there at least two, more likely 3 or 4 days, then on to the next site? At that rate, it would take over six months just to visit the official retail center cities, let alone the many, many other locations where the Elio could be hot stuff.

Right now it takes 5 to 8 people to campaign the P5. Even if you could streamline that to 4 people to share the tasks, and had 2 cars at a time in some locations -- it's a huge job.

 

[Eliodude]

Looks like they are now calling them V1 units

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

It appears V1 production is the final item on the list, so I must assume that estimated consumer production is at least 15 months out under the best of circumstances.

Based upon the current SEC filing, is the proper conclusion that the completion of 100 pre-production vehicles in calendar '16 is no longer a goal?

 

[Eliodude]

I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.

I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.

Possibly Elio moved away from this goal?

Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!

https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm

 

[Rickb]

I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.

I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.

Possibly Elio moved away from this goal?

Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!

https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm

Fascinating reading, but not enjoyable reading.

 

[Elio Amazed]

Whaaaat? We're broke again?

 

[Ty]

I was reviewing Elio's latest SEC business plan update (Form 10-12B) filled on 7/25/16.

I could not locate any reference to Elio's program to produce 100 pre-production units in calendar 2016 in this updated business plan.

Possibly Elio moved away from this goal?

Below is a link to the Elio's form 10-12B filing, makes for fascinating reading!

https://www.sec.gov/Archives/edgar/data/1531266/000121465916012757/e7211601012b.htm

First paragraph on page 8 says "Incorporated into the launch is the plan that the first 100 vehicles produced will be sold to a fleet customer to provide feedback".

 

[Eliodude]

First paragraph on page 8 says "Incorporated into the launch is the plan that the first 100 vehicles produced will be sold to a fleet customer to provide feedback".

Thanks for the info, but my question is concerning the original projected time frame of the 100 pre-production vehicles.

It's been 6 months since Elio announced a December '16 production date, and I was curious if the latest SEC filing confirmed this intention.

The latest SEC filing seems to offer little verification of Elio's intention to meet the projected December date.