Reservations: 65341 As Of 6/20/2017

[wizard of ahs]

And from what I read in the Zacks article that is posted in another thread, after 65K the price is going to $8,500

Coss, my interpretation of the $8500 number was that it was the value they were using for total sales price (base price + delivery fees + options) to calculate the total anticipated revenue. I don't think it necessarily reflects any changes in the target base price.

I just reread it...it stated an AVERAGE price of $8,500.

 

[Coss]

I just reread it...it stated an AVERAGE price of $8,500.

Future price doesn't phase me at this time, I'm only concerned in the future price of it after I wear out my first one, and hopefully that won't be until about 10 years after I take delivery of my first.

 

[wizard of ahs]

Future price doesn't phase me at this time, I'm only concerned in the future price of it after I wear out my first one, and hopefully that won't be until about 10 years after I take delivery of my first.

DITTO

 

[Doug McDow]

Future price doesn't phase me at this time, I'm only concerned in the future price of it after I wear out my first one, and hopefully that won't be until about 10 years after I take delivery of my first.

I don't think that I have to worry about the replacement Elio, just would really be great to get the first one. Signed (Old Fart)

 

[W. WIllie]

I'll have over 425K miles on the LRR G1 by the time I get my ELIO.
I hope I last that long.

 

[Husker1]

Quoted from the Zacks article.


"Since Elio Motors is on the cusp of generating revenues through the sale of the S1, and more importantly, will then be on the threshold of mass commercial production (with over 64,000 reservations in hand), we estimate that in a few years, the annual run rate of the company’s Shreveport plant could approximate 200,000 vehicles with an estimated average sales price of $8,500. Utilizing annual sales of $1.6 billion and with the expectation that Elio Motors can attain a P/S ratio of 5.0 at that time, the share price target would be $151 in 2022. However, to translate that value to a current target price, a net present value (NPV) calculation indicates a share price target of $49."

It's amazing what and how people interpret things differently! But since everyone else is throwing out their interpretation I'll do mine too. Scratch that, how about looking at the black and white with a few inserted explanations.
(with over 64,000 reservations in hand), we (Zacks) estimate (their guess) that in a few years, the annual run rate of the company’s Shreveport plant could approximate 200,000 vehicles with an estimated (guess again) average sales price of $8,500.

I see nothing stating that the price is going up to $8500, but I'm a very literal person, and don't try to read into things that are not there like others seem to do.

And from what I read in the Zacks article that is posted in another thread, after 65K the price is going to $8,500

 

[Rob Croson]

Graph for about the past 8 months.



Blue line is total reservations, red line is reservations/day. Despite the variations in reservations/day, the total reservation rate holds pretty steady, going all the way back for two years. (Here are links to the two-year graph and the beginning-of-time graph.)

 

[LillyMayPatterson #1685 & #5648]

Oh Man, The graph "from the beginning" looks like a history story.

 

[RUCRAYZE]

Quoted from the Zacks article.


"Since Elio Motors is on the cusp of generating revenues through the sale of the S1, and more importantly, will then be on the threshold of mass commercial production (with over 64,000 reservations in hand), we estimate that in a few years, the annual run rate of the company’s Shreveport plant could approximate 200,000 vehicles with an estimated average sales price of $8,500. Utilizing annual sales of $1.6 billion and with the expectation that Elio Motors can attain a P/S ratio of 5.0 at that time, the share price target would be $151 in 2022. However, to translate that value to a current target price, a net present value (NPV) calculation indicates a share price target of $49."

It's amazing what and how people interpret things differently! But since everyone else is throwing out their interpretation I'll do mine too. Scratch that, how about looking at the black and white with a few inserted explanations.
(with over 64,000 reservations in hand), we (Zacks) estimate (their guess) that in a few years, the annual run rate of the company’s Shreveport plant could approximate 200,000 vehicles with an estimated (guess again) average sales price of $8,500.

I see nothing stating that the price is going up to $8500, but I'm a very literal person, and don't try to read into things that are not there like others seem to do.

I think attaining an "average sales price of $8500.00" is very easy to obtain even at the current base price of $7500.00 With the extras added in (an automatic tranny gets you to $8500.00), and then to add in (fill in the accessories $) bingo! Aside from the DIYers and frugil buyers, most folks will easily spend 8-10k. (goes without saying, tax, title, shipping etc. will then be added on.) Me, I figure closer to the 10k, learned a lot here about upgrading radio, back-up camera for example.

Just an aside, if it should come to pass, I'm working with a $1500 + "discount" it's been so long I don't even calculate in the 1k all+ 500 incentive. Someone mentioned that there might even be a few extra incentive $.
Let's just keep dreaming.
The first I saw the E was love at first sight- thought it's gonna be way too much for another toy (I was estimating 20k) and then to hear $6.8k and American for me no brainer- after 50 yrs on two wheels, this body's taken enough pain and discomfort.

 

[Ty]

Thinking about this... I doesn't seem very possible that the average price would be $8,500. Follow along-

$7,000 price
$1,000 automatic transmission x 90% (per Fox news)= $900 average per Car... That alone makes the average price of the Elio $7,900.

That means the average person would buy less than $600 in accessories. Hmm. I suppose that IS possible.