Financing Elio Motors Development And Production

[Smitty901]

What we need is for ELIO to get fair treatment in taxes and breaks . Look at the billions all the phony Green energy companies got. Look at the breaks and cash being offered Tesla. ELIO makes a lot more sense than a Tesla in the real market.
Obama, Department of energy drop a billion front money on ELIO at least it has a good chance to make it.

 

[CompTrex]

I don't want Obama or the government anywhere near my car. Let the market work it out. I don't ever want to hear "yeah, but if the government hadn't stepped in..."

 

[Smitty901]

I don't want Obama or the government anywhere near my car. Let the market work it out. I don't ever want to hear "yeah, but if the government hadn't stepped in..."

I understand just saying if they are making deals for Others ELIO should get the same deal.

 

[goofyone]

Moderator Comment: This is the funding alternatives discussion thread so I do give some extra leeway on discussing the pros and cons of various funding options however as this is not a political forum lets try and keep politics, politicians, and political parties, out of the discussion. Thank you.

 

[UCF'73]

Heres an All In thats good for both sides. You put up say $5000 to $7000 up front. The money is non-refundable if the car is built for you. If for some reason the car does not get built you get your money back. Sort of a contract to buy up front. If you walk away after the cars are built you lose the money. Basically this is a put up or shut up on both sides. What do you guys think.

Moderator Comment: Merged into existing funding alternatives thread

This came up before. It wouldn't be hard for EM to set up an escrow account with a third party financial institution in which reservation holders could deposit pre-payments. This money would transfer to EM if they delivered you a car by some specific date, or be returned to the customer if they missed the date. The drawback is that EM wouldn't have access to the money until after production was already financed and rolling. It might not help much with cash flow, but might serve as further demonstration to investors of the commitment of the buyers Bill

 

[eddie66]

$1000 gamble is one thing, but lets face it, it is a gamble on our part, and Elio Motors. I'm as confident as the next person that everyone is doing everything in their power to bring this thing to market, and I believe they will. There is a reason Elio had you agree to this agreement. We are all betting this is going to happen, but things can, and do sometimes go wrong.

http://www.eliomotors.com/wp-content/uploads/2014/08/Non-RefundableRESERVATION-AGREEMENT.pdf

http://www.eliomotors.com/wp-content/uploads/2014/08/REFUNDABLE-RESERVATION-AGREEMENT.pdf

If you read it carefully, you will see, you are promised nothing.
I would have to have a little different level of committment from Elio Motors before I would put up another $6000. It is one thing to get excited about a product, but refundable or not, if the company goes under, you probably wouln't see your money returned, without a long, drawn out, court battle.

 

[TKVancil]

Music to my ears. Cool. If your company is like mine, you can't talk much about specifics. But what level of systems did you get to work on? Chassis, body, interiors, drive, electrical? If you don't mind me asking. What is your part? I only got to work at pure basic research in automotive. I'm always cuirious about real industry.

I work in automotive seating & safety restraints. Most people would not think of their seat as one of the primary safety systems in your car, but it is. I was happy to hear that Elio's will have seats made by Lear Corp. ( no I don't work for Lear ). Again, the suppliers on board with Mr. Elio are top shelf. I would suspect that if the guys name is on every car that will be seen in every corner of the U. S then he is going to make a point to roll out something awesome!
84 MPG / $6,800 / 5 star safety / 90% North American content / made in the U.S --> I think I have a man crush on that Mr. Elio

 

[evboy]

I was reading a thread from the guy that said 200 million is a drop in the bucket, because they will lose a ton of money, and need closer to a billion. Seems like plenty to me. If they sell 40k first year at a 1k profit, thats 40,000,000 gross profit that can be used for the next year. By that time, the investors will be banging on the door, and Elio could go public with some sales and profits to show wall street. This guy doesn't know what he is talking about.


Moderator Comment: Merged into existing financing thread

 

[Truett Collins]

You always have the ney sayers........... They are the type that would complain if you bought a brand new rope for their hanging.

 

[zelio]

I was reading a thread from the guy that said 200 million is a drop in the bucket, because they will lose a ton of money, and need closer to a billion. Seems like plenty to me. If they sell 40k first year at a 1k profit, thats 40,000,000 gross profit that can be used for the next year. By that time, the investors will be banging on the door, and Elio could go public with some sales and profits to show wall street. This guy doesnt know what he is talking about.

Hi and welcome from Oregon, evboy. Thanks for such a positive post. Your numbers certainly sound good to me. I hope you enjoy this forum group and participate in the many discussions. You will find a very diverse group more than willing to share their opinions, speculations, knowledge and creativity. It is a great way to pass the time while we wait for Elio production and ownership. I hope to see you next year as I drive my Elio. :-) Z