Financing Elio Motors Development And Production

[RMClubfitter]

0?

Little Man Syndrome

 

[Dustoff]

It seems that someone has an ax/axe to grind with Elio. It sounds very personal and nothing to do with a business model.
Since this forum is monitored by EM it is a way to get a message to them that is very public. I doubt that any public media would publish that sort of rant.

 

[Avards]

Yup, put those rumors to rest.

Dustoff:

Thank you for that link with the video clip. Documented local information with information directly from people directly involved in decision making is likely more factual. Of course, the press and politicians have, on occasion, been known to "mis-speak".

Again, thanks for the clip.

wr

 

[Dustoff]

I wonder if Kraft takes umbrage at the use of Kool Aid in reference to the Jonestown Massacre :
"Drinking the Kool-Aid" Although the powder used in the incident included Flavor Aid, it was commonly referred to as Kool-Aid due to its status as a genericized trademark.
Maybe Flavor Aid would be more appropriate.

 

[Dustoff]

Someone is very good at stringing words together. Without facts to back up the verbosity it simply works out to be an OPINION.
VERBOSITY: Using more words than are needed.

 

[outsydthebox]

Investor confidence is not about people who plunk down measly reservations, those are not investments, those are imaginary placeholders for most.

Investor confidence is about how they are going to secure the 150M+ round of funding, just to start in on the first few so-called production units. The big questions are how, if, and when that is going to happen.

Having been through this process several times at this very fragile stage, and in more than a few industries, and seeing what is and isn't happening, and knowing what it takes to launch such a complex consumer product, requiring a large infrastructure behind it, and not seeing nearly a drop of credible "plans", only a paltry laughable set of financials, its far far more than mere speculation when you can stick a fork in this puppy.

As I said before, a few will get some, most won't, and maybe a few more will too if some group of wealthy, but mostly ignorant (as many are) angel investors with a big soft spot for the Elio, jump in, to this help hope to see EM hit a Stage 2 level of real cash flow.

As in most business assessments, they are a multifaceted evaluation of every part of said business, to be able to project with a probability of success or failure. Tesla is 50X better positioned and capitalized than EM could ever dream of, and even Tesla has the deck heavily stacked against them, and Elio is nowhere near the caliber guy Musk is. I'm just being realistic, and pragmatic, which has served me extremely well, and this operation is perhaps one of the most impossible aspirations I've seen out of too many to count.

This goose is cooked unless something extremely dramatic happens in funding, and in plant renovations to meet some kind of schedule that doesn't keep moving out and out and out, and in significant hiring. So the probability of that happening given the track record so far, is unfortunately, zero.

Again, who are YOU? Show us YOUR credentials, please.

 

[Dustoff]

stick a fork in this puppy..

PETA will not like this.

 

[Dustoff]

Urban Dictionary:
thou doth protest too much
Overly insistent about something, to the point where the opposite is most likely true.
Someone emphatically stating how much one hates gossiping, that one would never engage in this sort of behavior. This implies that, "thou doth protest too much" and may in fact be a gossip.

 

[Neal]

Someone is very good at stringing words together. Without facts to back up the verbosity it simply works out to be an OPINION.
VERBOSITY: Using more words than are needed.

Exactly. Saying a lot of big words and really saying nothing. Talking in circles and generalities.

 

[whattheelf]

Again, who are YOU? Show us YOUR credentials, please.

A basic summary of my credentials are above, if you shared any similar background you wouldn't have to ask beyond that.

Now its someone else's turn, someone share their executive summary for me to take any opinion with any degree of credibility.

So far, only Kuda has demonstrated a credible understanding of the serious business issues EM immediately faces, and I don't need to ask for his credentials, its rather clear his opinion is rather qualified, and he chooses to also hope, though he knows the major hurdles in play now. I choose to hope, but past experience prevents me logically from believing.

So instead of coming across as a group of just gadget freaks with zero knowledge and experience in building a volume business, please, lay out at least something that indicates some shred of thought behind how you even think or know how EM is going to progress beyond perhaps producing a few hundred hand made "production" units.

At the end of the day, this is a business. In order for EM to succeed, it has extremely lofty set of published expectations on annual sales, NOT deposit reservations, that are needed to reach actual profitability. That model requires significant infrastructure that would mean they would be one of the top 5 vehicle makers. Then factor in numerous permutations their "business plan" doesn't cover, including projected ROI, etc etc., this plan fizzles out even further.

EM may be able to string this Ponzi scheme along for some time forward, but they will be wrapping thousands around each unit "sold" for as long as they exist, which is not a business, its a charity. Without MAJOR funding ahead, closer to at least 1B, that can support years of huge losses, something Tesla has and EM never will, EM cannot make a dime. Even if they magically are able to squeeze out the additional 150M+ they need immediately, this Ponzi scheme ends just sooner than later. The 150M gets them to their 20 yard line, only.

The devil is always in the details, and few either want, or are even able to discuss the details, that's why its so easy to get a lot of people to buy into a Ponzi sheme. The funny thing is few post mortem will ever admit to being snookered in, no one believes "they" are going to be fooled, even though all the warning signs were all there, the whole time. At some point you have to set aside what you may "want", and instead apply some degree of wisdom.