Financing Elio Motors Development And Production

[Dustoff]

I will not be "snookered" by a fools rant.

"A basic summary of my credentials are above, if you shared any similar background you wouldn't have to even ask."
Where? Above what? A legend in your own mind.

 

[olddog1946]

Yup, I'd go for it. $1000 all-in non-refundable with anything above that being refundable that you can pay for over time - partials not full amount at one time.

I'd put in $100/mo (what I'm currently putting into a savings account), throw in my tax return next year, and by September 2015 I'd have over half of it paid off in cash. Why do that instead of still doing the bank account? Simple, it moves them closer to the magic $200 million number and increasing the likelyhood of production and possibly earlier production.

I would be willing to plunk down another 3 or 4 grand, but would have to make payments on the rest. But I would at least have it done and paid for upon pickup.

 

[Jeff Porter]

Why did Aptera fail?
http://www.greencarreports.com/news...pse-how-why-it-happened-a-complete-chronology

VERY interesting article, thanks Dustoff. Steve Fambro is apparently the founder of the company in 2006, he was replaced by another guy in 2008 as CEO. Fambro's wife made comments at the bottom of the internet page on the article that are very enlightening. She's not hateful, just giving her perspective.

If I compare what I know of the Elio story and what I know of the Aptera story, there are key differences. Will Elio fail? It's possible. But Elio is not making the same mistakes that Aptera made, under the leadership of Paul Wilber as CEO and Marques McCammon as VP of Marketing.

Aptera and Elio appear to both be 3-wheel vehicle startup companies. But most of the rest of their stories are quite different. Again, based on what I know so far.

So a big "highly recommended thumbs up" to everyone to read Dustoff's link.

 

[Dustoff]

From Wikipedia, the free encyclopedia

[Broken External Image]
1920 photo of Charles Ponzi, the namesake of the scheme, while still working as a businessman in his office in Boston
A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.[1

No investment here on my part as I am are not expecting a high return. With just a $100 deposit I am in line for a vehicle that has a good chance of being produced, if not the $100 will never be missed.

 

[whattheelf]

I will not be "snookered" by a fools rant.

"A basic summary of my credentials are above, if you shared any similar background you wouldn't have to even ask."
Where? Above what? A legend in your own mind.

As you appeared to miss where my informed opinions come from, see post #111.

I'm open to debate opinions, long as they are informed opinions from qualified experience, I'll take it at face value, if it can be demonstrated, such as how Kuda does.

 

[Dustoff]

Post #111 is by Craig.
Your opinion and your credentials are two different things.
Where are your credentials?

 

[olddog1946]

I, for one, have no desire for an overpriced electric motivated car, truck, motorcycle, etc. I do like the look of the Tesla, but no way on god's green earth will or would I plunk down that kind of money for a vehicle that I have to stop at an outlet and plug in and wait for a charge to build up before I can continue my trip. I may be retired and time of little meaning, but it still has enough that I don't want to waste it waiting. (did enough of that in the military).
The Elio makes more sense than anything I've seen (though I admit to not looking all that hard) and is something I believe will be viable mode of transportation for years to come. How long that is depends on the speed and effectiveness of new technologies, not to mention the cost.

 

[Dustoff]

o·pin·ion
/əˈpɪn

yən/ Show IPA
noun
1.
a belief or judgment that rests on grounds insufficient to produce complete certainty.
2.
a personal view, attitude, or appraisal.

Definition of fact (n)
Bing Dictionary

• fact
• [ fakt ]

1. something known to be true: something that can be shown to be true, to exist, or to have happened
2. truth or reality of something: the truth or actual existence of something, as opposed to the supposition of something or a belief about something
3. piece of information: a piece of information, e.g. a statistic or a statement of the truth

 

[CheeseheadEarl]

WTE, your tie is too tight. It's a common problem in your type.

I have 23 years manufacturing experience, all of it on the floor, grease under the nails work. I'm the guy that makes all your problems go away when there's a crisis of the day. I and many others like me spend our workdays living "Made in America". Some of my parts are on every Kenworth truck built in the last 10 years or so running down the highway next to your Lexus.

I won't profess to know financials though. What I'm trying to figure out from your posts is how you know they are not seeking and possibly receiving the funding needed. As a private company, none of us that I'm aware of, have access to that information. I'm also fairly comfortable that reservations are NOT the majority of their finance plans, but rather mainly marketing.

 

[olddog1946]

I have no one here on Ignore and will not put anyone there. I think there are many valid points made by many different people, doesn't mean I have to agree or support their point of view. I have my own and I'm stickin to it.