January 15, 2015 Delay And Delay Repercussions Discussion - All Others Will Be Combined!

[CrimsonEclipse]

Sorry but that is incorrect. China holds about $1,300,000,000,000.00 in US Government debt ($1.3 trillion). They are the largest holder of US debt. We are also their largest customer. If they destroyed our economy the dollar would collapse and they would lose that investment and their largest source of income.

I don't dispute that they wanted to kill Solyndra. They don't want us to be able to make anything because then we would be less dependent on them. But Solyndra also killed Solyndra because it was bad technology. The government tried to pick the winner without understanding the tech.

China would happily let 1.3 trillion vaporize to disarm the United States.
To believe that China is our slave because we owe them money is adorable.

 

[Gas-Powered Awesome]

China would happily let 1.3 trillion vaporize to disarm the United States.

Then why don't they?

To believe that China is our slave because we owe them money is adorable.

Nice condescending attempt at trolling. Failed.

 

[Ty]

I agree with CrimsonEclipse about toes. If the big USA auto manufacturers need a piece of equipment and it isn't at a "stolen" price, I wouldn't think they would buy it from Elio. To make my point, I don't know what the mood is of the big three manufacturers in regards to Elio and if they think Elio is a "fly". If the big three automakers feel Elio is a threat to their market shares then they must know that buying the equipment will help Elio. I hope this isn't the case and I have seen cooperation between the auto manufacturers. Lets hope they will cooperate here or another industry in the USA needs the equipment fast.

Expensive equipment doesn't sell fast in any case. The sales are more likely going to be over seas... As the USA looses or moves it's manufacturing.

That equipment is the most advanced GM had. You'd think they'd jump at the chance to get their equipment back. But, that kind of equipment only has value if someone needs it.

 

[eddie66]

http://www.thetruthaboutcars.com/20...eds-trikes-production-start-pushed-back-2016/

 

[Richad]

I forgot to mention before but that Elio rep today said they hit 40,000 reservations. That figure just didn't make it to the Elio site yet.

 

[Ekh]

http://www.thetruthaboutcars.com/20...eds-trikes-production-start-pushed-back-2016/

We've had reassurances that Elio's use of the Shreveport plant is secure.

 

[Ty]

We've had reassurances that Elio's use of the Shreveport plant is secure.

That assurance was based on going to production by a certain date. They'll need an extension to keep the factory. So, I've gathered.

 

[BlioKart]

At this point, it's about money. 230-240 million Dollars worth.
Frankly, $240 million is not a lot in the grand scheme of business. Many companies and investment groups routine break 1 billion dollars on long term investments.
The idea is solid, a simple and reliable car, no dealerships. It's generally agreed that the Elio Car is a good idea.

From an investment point of view it may not be as attractive as they want/need for their Return On Investment standards.

This is a time for a company like Google to swoop in and take a risk. (do we know anyone at Google?)

We are now waiting on the government loans. When those are approved/rejected, that's when the investors will act by jumping on the band wagon or fleeing.

As for the surplus equipment, it's hit or miss. It has no worth unless someone buys it. If I see that you're in financial trouble (real or perceived), I'm going to offer the lowest price possible. Even if it ALL sells, at the requested price, it's still insufficient funds for the start of production.

To the point:
EM needs the government loans or a White Knight investor like Google or Elon Musk or it's over.

We invested in an idea that steps on a LOT of toes. We should expect it to be a long and dangerous road.

Elon Musk please

 

[RUCRAYZE]

China would happily let 1.3 trillion vaporize to disarm the United States.
To believe that China is our slave because we owe them money is adorable.

Guessed you missed it- we are China's slave- if they EVER were to cash in their bonds-we collapse -they alone are responsible for keeping us afloat!!, yea, I know it's hard, but reality bites.
So a Chinese couple go into their "Yen" (dollar) store, and look at all the items they can buy for a yen, and when they look on the bottom, they see "Made in the USA"- we are the next third world country- ya might chose not to notice, but the next generation Elio will probably come to us via India or China

 

[BADBOY]

Jerome, Pam, and their Son is on the tour, right? They have a lot riding on Elio's success.

Play the naysayer's game... How much does 40,000 reservations earn each if they split it and ran? Well, the "want in" people are held away from Elio's grasp. 30,000 at the $1,000 level means $30M... minus tour costs, prototype costs, engine development costs, etc... divided by... how many of them would be "in on it"? 4? Count Stu, 5?... $20M /5 is $4M each... IF the costs so far were under $10M. I don't see it. They'll see this through. We may have more delays than we like. The vehicle may end up costing more than we like but it'll get done.

Just to clarify there are no 30,000 at $1k. I just got my number 11,492 so maybe 12,000. I just don't see this as a scam & I did see a comment by PE in a Q&A that only a fraction of 1% of money raised went to staff & management.