TexasTesla
Elio Addict
Here’s a fun photo that really highlights the narrow profile of the Elio vehicle. The outboard front wheels make it appear wider than it really is.
The trunk area is definitely narrow!
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.OH......where are the Saudi's with that big money!!!
EM's "half a car, half the cost" was beyond brilliant that got everybody convinced a 7K ELIO is possible....unfortunately development costs adds up and very limited funds dried up quickly. With no guarantees that it'll sell upwards of 200K just to break even, it's a hard sell for VCs.The Saudi sovereign wealth fund is projected to have $600 billion of assets by 2020.
The Saudi’s are sophisticated investors, and don’t invest in small startups like Elio Motors.
Typically their startup investments are focused on new technology with a minimum investment of 5 billion.
The reason VC’s have no interest in funding Elio Motors is that the ROI margin is too thin.
A under 10K base price will never support the necesssry capital expenditures to finish development and start production.
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A under 10K base price will never support the necesssry capital expenditures to finish development and start production.