Exciting News - Sec Resubmission

[Gas-Powered Awesome]

Memo to self-do not dream on a 2017 delivery date, that's just a horror

That's glass half-empty. Think of dreaming of a 2017 delivery date as a pleasant surprise versus a 2018 date!

 

[Kuda]

That's glass half-empty. Think of dreaming of a 2017 delivery date as a pleasant surprise versus a 2018 date!

Am still down with 6/17. Sooner
would be fine. We'll see what
develops.....

 

[NSTG8R]

If they don't get made until 2020 (retirement!), then it will be pointless for me to get one for fuel savings...Looks like a twin-turbo version after that, and to heck with the mpg!

 

[WilliamH]

The bit about "technical eligibility" is good news, but old news at this point. Sort of like those "You've been pre-approved!" offers that come in the mail, it doesn't mean much.

The addition of "physical testing" is not good news as it means more delays and more hurtles before the decision is made. If they will test an early prototype with an early prototype engine like the P5, then it's neutral news because the P5 should be ready for testing early next year.

...."technical eligibility"...... was achieved in October of 2014.
What is holding up Elio is a bunch of Washington bureaucrats who have jobs, nice homes, and nice cars.
We need to make them hungry so that they too will feel a sense of urgency.
How many of our forum members have spoken with quiet desperation because their current car is running down.
Maybe we're all lucky because most of us can afford plan "B".
Some how the bureaucrats need to be forced into a position where they can feel the pain caused by their lack of progress.

 

[Ekh]

This excerpt is worth noting:

Based on the current prototype and sources for components, the retail price is approximately $7,600, but we are working to achieve the $6,800 targeted retail price. Bill-of-materials (BOM) cost is the largest component of the retail price for the Elio vehicle. At the prototype phase of any automotive vehicle program it is quite customary to have a gap to a design BOM cost target. The cost targets for the Elio have been set based on the management team’s collective past experience in sourcing hundreds of automotive components.

 

[Ekh]

They are pretty clear that they need $265 million to make it to production. $25 million now to do the E-series, and another $240 million to build the S-series and start production. Hopefully they can get the $240 million lined up during the 6 months that they are working on the E-series.

Just noticed that they plan on selecting the first 10 retail locations in Month 10, and getting the leases signed the next month.

It looks like much of the funding will come from ATVM loan guarantee -- if their proposal is ready to rock (met technical reqs) and all that's needed is physical testing for mpg, they WILL most likely get the loan. This is important news.

 

[Ekh]

Just as the stated vehicle price in this filing is listed as $7,600, I suspect the time table is also more conservative than PE's personal goals/dreams/wishes.

I'm still betting on $7200 base. Nothing here changes that.

 

[Muzhik]

That's glass half-empty. Think of dreaming of a 2017 delivery date as a pleasant surprise versus a 2018 date!

I prefer to think of it like one of the Apollo moon missions. As one science fiction writer put it: "When planning the countdown, they plan on fuel pumps failing and needing to be replaced; they plan for one of the knobs on the control panel to come off and needing to be replaced; they plan on the earth opening up while driving the astronauts to the launch tower... That's why they have all these "holds" built into the countdown -- to build in time to get these things fixed. That's also why a lot of an astronaut's time is spent waiting."

But I suppose most of you are too young to remember when we actually went to the moon, even though it took 3 days to get there.

 

[Muzhik]

You've done us all a service with this. Thank you.

Yes! You have done well, young Skywalker, but you have yet to learn the power of the dark side of the SEC!

Oh ... wait ... is this the right forum? ... sorry... Cant' wait to see the reactions on that other board... "Elio? L-E-O? Is that the name of the robot in that one scene, the son of R2D2?"

 

[Ekh]

...."technical eligibility"...... was achieved in October of 2014.
What is holding up Elio is a bunch of Washington bureaucrats who have jobs, nice homes, and nice cars.
We need to make them hungry so that they too will feel a sense of urgency.
How many of our forum members have spoken with quiet desperation because their current car is running down.
Maybe we're all lucky because most of us can afford plan "B".
Some how the bureaucrats need to be forced into a position where they can feel the pain caused by their lack of progress.

Some small percentage of the time you're right. But most of the time civil servants fall into two groups: the people who want to do a good job and are stifled by the massive and complicated nature of their own organizational culture, and a smaller number who game the system for their own benefit -- "mandarins" as the Brits call them. Those are your "baddies"

I am qualified to make these comments after surviving a 15-month consulting contract with major players at the IRS.

The rest of the time your hostility towards gov't workers is misplaced. The system itself was derived 300 years ago from the British system, which was EXTREMELY political. We have made it worse by making it extremely difficult to fire gov't employees, so the bad ones just get shifted around or promoted out of someone's hair. But it's the system as a whole that's largely at fault. But it does accomplish much, however flawed.
Regarding Elio and the ATVM, requiring Elio to demonstrate their claims is entirely reasonable. DOE has been burned twice, and they don't want to get burned again. Would you?