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Paul Elio Is A Coward.

Discussion in 'General Elio Discussion' started by Keith Stone, Feb 6, 2020.

  1. RSchneider

    RSchneider Elio Addict

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    Delusional come from the people that you surround yourself with. Paul had a bunch of yes men that seen the potential and were ready to jump on board. Plus you needed to remember the time. We were going through big gas prices for a second time, we still remember the financial crisis. GM was bailed out and plants were closing. The US looked like a grim place. To top it off, "crowdfunding" was the next big thing. It was the answer to institutional investors. Real people put there money into things they needed and believed in. Then you had social media. Get lots of followers and likes, that was like money in the bank. 300K followers is what you pay the bills with. Right?

    Guess what, there were not enough followers to fund a project like this ($28M raised by reservations when $531M was actually needed). Then the institutional investors seen that the numbers were way off and walked away. So got to the point that people decided to not look into the data but go with faith. As we are seeing, faith only goes so far.

    Paul fell into the trap of child actor or rock star syndrome. Thought it would go on forever and then found the cold hard reality that it doesn't. Telling people that the markets are broken and then other companies are getting $700M from investors, just adds insult to injury. Everyone can tell you that you are great and your idea is the best but they are on the ride in hopes you can keep it going. When it doesn't they bail. My guess is that Pauls phone rarely rings, barely any text messages. When he does get them, it's his built debt calling to see when it's getting paid. The EM Facebook page is just deleting comments from past reservation holders (which is an insult to them) is hurting the Elio support structure. I think people would rather see closure instead of censorship. Then they can move on and throw money at the next big thing in transportation.
     
    ehwatt and Needforspeed like this.
  2. 3wheelin

    3wheelin Elio Addict

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    I know it's not gonna happen but I dreamed that Tesla offered an ICE version of the CYBERTRUCK powered by either a 6cyl. or 8 cyl. powerplant and I bought both versions- EV for my wife and 8cyl. ICE for me, I was so happy......then I woke up! Darn...
     
  3. 3wheelin

    3wheelin Elio Addict

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    ⭐⭐⭐⭐⭐! (5 star rated comment)
     
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  4. RSchneider

    RSchneider Elio Addict

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    Think about it. If Paul came out of hiding there's only one line that the reservation holder want to hear, it's, "Elio Motors will go into production (insert date here)." That's it. Nothing else. We know he can't do that because he needs a $440M check to make that happen, so a $25M one will go half to existing bills and fines, then the rest will be spent in about 10 minutes. Bringing the total bill down to $415M. So, it's worthless to announce that round of funding because it gets them one step into a marathon to the finish. We all know the ATVM loan will never happen, so that is off the table.

    So, it would be, "We are grinding away and looking for funding, when we get it, we will tell you." Thus nothing new and a waste of everyones time. Honestly, that will make the troops more upset as they want a date for production and that's all. Don't get me wrong, Paul should come out and talk to his stakeholders, but that ship has passed over a year and a half ago. He is now to the point where unless it's great news, then there's no news.

    I fully expect that the Elio Motors will change from what it is to just a page that will explain how they are shutting down and working on a future plan. That will take about another two years for that to happen. The bills will be way to high to dig out of this dilemma.
     
    Needforspeed likes this.
  5. Samalross

    Samalross Elio Addict

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    I think that Elio and Iyer are only interested in starting companies. Unable and/or unwilling to follow through. Six people wished Elio Happy Birthday on Elio Motors Facebook page. Rick's Samuel Clements quote is dead on.
     
  6. RSchneider

    RSchneider Elio Addict

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    Elio only started two businesses in the last 21 years. Iyer seems to be the anti Midas touch though. At least they paid him $150K to keep the ATVM loan going, then to move onto the car sharing business and then onto the education business. I just wonder what he will go into next? FUV is looking for franchises to rent them out, maybe that would be a good move. If not that, maybe plastic wear that seals to keep food fresh.
     
  7. Samalross

    Samalross Elio Addict

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    Elio was also involved with YOYO. The system was based on dealers renting cars at a loss in the hope of potential buyers . Even though the buyers are on YOYO so that they don't have to buy a car.
     
  8. coolken

    coolken Elio Fan

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    If Paul Elio had any brains ( I have no brains for falling for this twice) he should have this a kit project.. Main parts frame , engine & a few other things, then some people would be able to finish the elio at home...
     
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  9. Maurtis

    Maurtis Elio Addict

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    Yeah, I would love to see Elio partner with a kit car company like Factory Five and send them the tube chassis design they had and let the kit car company develop it from there.

    I am sure it will be WAY more than the projected production price, but at least those of us who like DIY projects and are willing to put up the extra $, time, and effort we can get ours.

    Maybe something like this will happen when Elio finally throws in the towel. At least it will be a little extra income in his pocket.

    Hmmm, a Kit Elio... the Kit-E? Here Kit-E, Kit-E, Kit-E :D
     
    Last edited: Apr 1, 2020
  10. Rickb

    Rickb Elio Addict

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    LOL!
    FCDB0AEB-AFE9-44C9-8CF8-BA9CABE2610E.png
     
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