Should be market cap divided by stock price. Yahoo dropped the ball on this one.it would be interesting to know how many shares of stock in Elio Motors have been issued ?
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You can register using your Google, Facebook, or Twitter account, just click here.Should be market cap divided by stock price. Yahoo dropped the ball on this one.it would be interesting to know how many shares of stock in Elio Motors have been issued ?
well, if you divide 27.9 million into the total value of Elio Motors' assets, I can see why there are a bunch of zeroes behind the decimalTwo years ago it was 27.9 million shares
Ford is at 76B and GM at 79B. Even Tesla is at 1T. According only to Yahoo, if the stock goes to $0.62, then Elio is at 50B. Then at $1.24, they will surpass both Ford and GM, then be right behind Tesla. Tesla is at $1,140, so all it would take is for one person to buy 100 shares of Elio at $1.24 and you have the second most valuable car company in the world. While we are at it, let's double that and make it 2T by buying 100 shares at $2.48. Imagine the press. Elio Motors, the company that has produced nothing is worth double of what Tesla is. I feel bad for Arcimoto. They only have a 467M market cap. Maybe Elio will gobble them up with that 25B they could access.stock went up 154,000 percent! Volume $100 dollars. Yahoo has market cap of 25 billion.
Perhaps at this point Elio Motors is about ten years ahead of the market. If they tried to make the Elio-E right now, they would probably have problems getting batteries supplied. The major makers are buying up all the processed minerals to supply their own factories. What will be left over will probably be at a price too high for Elio Motors to afford. Unless of course someone develops a battery that uses common less expensive materials, but so far none of those seem to have any range. Elio Motors might be better off bringing the gas version out first and then make the E version. But as we all know they can't get funding with either design. Add to that they apparently didn't make payment to Racer Trust and lost all the equipment to them due to forfeiture. So perhaps they could make a new deal, but that means they will also be that much further in the hole.500 shares traded today (11-3-21) for $0.08
This will just spur investment in Zink-Air, Iron-Air, even Aluminum and Redox batteries. Even liquid Metals is in development.Perhaps at this point Elio Motors is about ten years ahead of the market. If they tried to make the Elio-E right now, they would probably have problems getting batteries supplied. The major makers are buying up all the processed minerals to supply their own factories. What will be left over will probably be at a price too high for Elio Motors to afford. Unless of course someone develops a battery that uses common less expensive materials, but so far none of those seem to have any range. Elio Motors might be better off bringing the gas version out first and then make the E version. But as we all know they can't get funding with either design. Add to that they apparently didn't make payment to Racer Trust and lost all the equipment to them due to forfeiture. So perhaps they could make a new deal, but that means they will also be that much further in the hole.