Devon Thorpe Interview With Paul Elio

[Art Vandalay]

And you can see how that reads in the two groups Pro and Con. Via the Con group, IF LAUNCHED means 'in the 50% chance -or less- that we do', and in the Pro group it means 'in the 10% chance -or less- that we don't'. Most of use are between those two extremes.
In Vulcan Martial Arts Logic it doesn't specify any percentage other than assuming by it's usage 'maybe' not 100% and 'maybe' not 0%.

I've listened to the interview a couple of times. I never heard the words "IF LAUNCHED" at all. The link is below:

http://www.forbes.com/sites/devinth...motors-tests-the-waters-and-finds-27-million/

Paul's exact words (minus um's and ah's) were "We were looking for capital, we've been successful in the rewards crowdfunding already. We have over 44,000 reservations, that's $290 million worth of product reserved. I'm pretty confident that's a record. When we found out about reg A+, it just seemed like a natural fit for who we are, what our DNA is. So we took advantage of it on day 1. We came out and tested the waters on Jun 19 which is the first day you can test the waters. It turns out the water's warm. We had a $25 million target, we're at $27 milllion plus today and counting. We're continuing to take reservations on startengine.com and we're stepping through the process."

On the subject of the $200 million, his comment is that there are 3 independent redundant sources of investment, ATVM being one of those at $186 million. He said "We have a couple other strategies that are very credible and likely but they are strategic so I do not want to share them. We have 3 redundant paths that are independent. Because something that important you don't want to bet the whole farm on ATVM."

All in all, sounded pretty positive to me. My guess is legally he cannot say anything more about those other 2 sources.

 

[Bilbo B]

I've listened to the interview a couple of times. I never heard the words "IF LAUNCHED" at all. The link is below:

http://www.forbes.com/sites/devinth...motors-tests-the-waters-and-finds-27-million/

Paul's exact words (minus um's and ah's) were "We were looking for capital, we've been successful in the rewards crowdfunding already. We have over 44,000 reservations, that's $290 million worth of product reserved. I'm pretty confident that's a record. When we found out about reg A+, it just seemed like a natural fit for who we are, what our DNA is. So we took advantage of it on day 1. We came out and tested the waters on Jun 19 which is the first day you can test the waters. It turns out the water's warm. We had a $25 million target, we're at $27 milllion plus today and counting. We're continuing to take reservations on startengine.com and we're stepping through the process."

On the subject of the $200 million, his comment is that there are 3 independent redundant sources of investment, ATVM being one of those at $186 million. He said "We have a couple other strategies that are very credible and likely but they are strategic so I do not want to share them. We have 3 redundant paths that are independent. Because something that important you don't want to bet the whole farm on ATVM."

All in all, sounded pretty positive to me. My guess is legally he cannot say anything more about those other 2 sources.

I'd just point out we've been hearing about these mystery sources and multiple paths for over a year now. It would be nice if one of them progressed at all (that could be reported). If anything, the money needed has grown, indicating the mystery sources haven't come through at all. And, the ATVM is a loan. As soon as they start accepting it (it will come in pieces as I understand it, not one lump sum), they have debt they need to service. interest subtracted from the bottom line. I'd think investments would be preferable to debt.

Hopefully the equipment sale comes through and gets things rolling.

 

[JNR]

It's easy to let our passions rule us over this car and/or project. But I do get tired of misquotations, inaccuracies, and failure to look at the dates things were said. So thanks.

I tried to head it off at the pass by putting my disclaimer in that I'm not the best at taking notes, and was trying to summarize. I was taking notes live and I am definitely not in the con camp and therefore would not try to twist it negative. Notice I didn't use quotation marks once.

 

[John Painter]

Here is the video of the interview (image quality stinks) but good information!

 

[RUCRAYZE]

IF nothing is said about funding, I'll eat my hat, wait, I don't have a hat, 'K I'll buy a hat ( made from hemp :-) )

go to elio clothing for your cap!

 

[Ekh]

I tried to head it off at the pass by putting my disclaimer in that I'm not the best at taking notes, and was trying to summarize. I was taking notes live and I am definitely not in the con camp and therefore would not try to twist it negative. Notice I didn't use quotation marks once.

Hey, you're not so bad, many are far worse observers ... if you looked at the questions / comments proposed ahead of time, there was a bunch of error and flat-out-ignorance. For instance, the designation of future vehicles. This one is the P5, next one is E1 through E sub x. (officially E25, but who really knows at this point?) People are STILL confused over this fairly straightforward nomenclature change, and that showed up a couple of times in the comments.

Lots of other misunderstandings out there .. and Paul didn't really put the major one to rest about how much money they can count on and how much they still need ... he answered the question, but you had to do your own math. (Looks to be 200 million, including the crowd funding $). But there is nonsense out there, much of it floated by people who had they been paying attention in school might have known better. Most of it is just ignorance, some of it malice, all of it a pain in the neck.

I'm on a soap box here, so before I slip off ... if web posters would only date their releases in such a way that the date stayed with the post and was visible, it would be a lot easier to keep the story straight ... any story. But out-of-date numbers, etc, get circulated as if they were still current, so of course error rules.

(Still a little more soapbox). People listen (and read) for certain things. You can listen to be entertained, you can listen selectively for only the stuff that reinforces your point, you can listen to reach judgement, you can listen to relate to the speaker, and you can listen for information without judgment. That last one is what good observers do. But very, very few people are trained in HOW to listen in these different ways. The training is available (I've had some of it, and taught it a little bit). But it isn't required at any point, and, IMO, should be -- because skilled listening would remove a lot of the causes for wars, murders, and litigation. But I'm a dreamer.

 

[AJ Maxey]

 

[Ekh]

I've listened to the interview a couple of times. I never heard the words "IF LAUNCHED" at all. The link is below:

http://www.forbes.com/sites/devinth...motors-tests-the-waters-and-finds-27-million/

Paul's exact words (minus um's and ah's) were "We were looking for capital, we've been successful in the rewards crowdfunding already. We have over 44,000 reservations, that's $290 million worth of product reserved. I'm pretty confident that's a record. When we found out about reg A+, it just seemed like a natural fit for who we are, what our DNA is. So we took advantage of it on day 1. We came out and tested the waters on Jun 19 which is the first day you can test the waters. It turns out the water's warm. We had a $25 million target, we're at $27 milllion plus today and counting. We're continuing to take reservations on startengine.com and we're stepping through the process."

On the subject of the $200 million, his comment is that there are 3 independent redundant sources of investment, ATVM being one of those at $186 million. He said "We have a couple other strategies that are very credible and likely but they are strategic so I do not want to share them. We have 3 redundant paths that are independent. Because something that important you don't want to bet the whole farm on ATVM."

All in all, sounded pretty positive to me. My guess is legally he cannot say anything more about those other 2 sources.

You are correct, he did not say "if launched". That was implied during his remarks about the ATVM. I put them in ALL CAPS and did not use quotation marks; they were there because his statement about the ATVM had an implied condition.He said that the $292 million of pre-orders would serve as proof to the DOE of the company's viability. The implied condition is -- no launch, no income stream.
My post does not mis-state or misrepresent what PE said. It is a summary, not a transcript, and I did not think for one moment that "IF LAUNCHED" would be a problem. So sorry.

 

[John Painter]

You are correct, he did not say "if launched". That was implied during his remarks about the ATVM. I put them in ALL CAPS and did not use quotation marks; they were there because his statement about the ATVM had an implied condition.He said that the $292 million of pre-orders would serve as proof to the DOE of the company's viability. The implied condition is -- no launch, no income stream.
My post does not mis-state or misrepresent what PE said. It is a summary, not a transcript, and I did not think for one moment that "IF LAUNCHED" would be a problem. So sorry.

I think the $292 million in pre-orders is a strong position, though a couple dozen E versions that show the production design can do what they claim, will definitely make a stronger case to DOE and other investors - I think that is the missing ingredient for DOE.

 

[AriLea]

go to elio clothing for your cap!

Oh-no-no-no, the word 'funding' was definately mentioned... even if inbedded in crowd-funding.. That's my story and I'm sticking to it.


So I don't need a cap, hopefully I won't go there again. whew!