Elio Crowdfunding

[userexec]

Ah, man! It looks like we're going to shoot just a bit higher than my 6535 guess.

 

[Ekh]

Ah, man! It looks like we're going to shoot just a bit higher than my 6535 guess.

You're probably going to win in any event, unless the remaining investors come in at $250 or something. Next one up is Kuda with 7231, and it may be a horse race between you.

 

[AriLea]

BTW, just used the chat feature on the SE website, they answer pretty fast if anyone has issues on the reservations feature. I did push for a question and was lucky to get more than just technical help. He would only say they were doing really good job at keeping the bogus submissions out. But that's all he would say. I simply followed with saying we think they are doing a great job. My honest assessment.

Oh yea, and I upped my amount by $100.

 

[Ekh]

BTW, just used the chat feature on the SE website, they answer pretty fast if anyone has issues on the reservations feature. I did push for a question and was lucky to get more than just technical help. He would only say they were doing really good job at keeping the bogus submissions out. But that's all he would say. I simply followed with saying we think they are doing a great job. My honest assessment.

Oh yea, and I upped my amount by $100.

A week or so ago I tried getting a more substantitive answer to questions about weeding out bogus expressions, and got about what you did ... they don't want to give the baddies even a hint of how they're weeding 'em out.

 

[AriLea]

He seemed pretty open to answering questions. But I don't know what else he has info about. Someone might want to ask what the next steps will be when the goal is reached.

Edited: I went a head ans asked..:
Hi, I did have one more question. When 25m goal is reached, will the submission of new reservations still be open, for how long?

 

[Ekh]

He seemed pretty open to answering questions. But I don't know what else he has info about. Someone might want to ask what the next steps will be when the goal is reached.

Edited: I went a head ans asked..:
Hi, I did have one more question. When 25m goal is reached, will the submission of new reservations still be open, for how long?

Patience, Grashopper, as someone's signature line reads. I'm curious if they keep taking responses until the time period is up, or whether the clock really stops at 25 MM. The graphic bar will certainly stop, but the counter may or may not keep going ... Userexec probably knows or can tell us. Time will also tell us, and not too much of it!
$279,735 remaining at 4:35 PM EDT

 

[AriLea]

The answer =>

Graham:
Hi Arak
Once a goal is reached reservations may continue to be taken

Arak: Cool! Thanks

I really just wanted to know if he would answer such questions. I guess so!

 

[bowers baldwin]

 

[Ekh]

The answer =>

Graham:
Hi Arak
Once a goal is reached reservations may continue to be taken

Arak: Cool! Thanks

I really just wanted to know if he would answer such questions. I guess so!

ARAK? Well, OK!

 

[John Painter]

Those reservations are a really key point. Even if only a percentage of those reservations come through (though I think it will be a very high percentage), those pre-orders may very well tip the scales into considering EM financially viable and able to repay the loan. Of course, they (probably) need the loan in the first place to then tap into the eventual revenue from those reservations, and certainly only a small percentage of that will be money they can use to do the repayment itself, but it's all a pretty good indication that if things get rolling, the repayment won't be an issue.

I think this still really hinges on the P5 blowing people away in testing. To get that pre-order revenue, first they have to conclusively demonstrate that this product is ready. P5 won't be the true final draft, but assuming it works and hits even in the ballpark of the targets, I'd say that will be the domino falling that starts the chain reaction.

Elio Motors has been pretty clear, P5 will verify the final draft, though I agree any last minute tweaks will be determined with it then so the remaining P6 - 30 can be built and tested. Looking forward to seeing it!