What Is Elio Stock Trading For Today?

[RSchneider]

I've seen the language in the NHTSA regulations many times, but can't find it at the moment.
However, I did find this from SEMA: https://www.sema.org/files/attachments/g...k=26613749

"At the federal level, automobiles and auto parts are
regulated by two agencies, the National Highway Traffic
Safety Administration (NHTSA) and the U.S. Environmental
Protection Agency (EPA). NHTSA oversees vehicle safety
issues. Vehicle emissions are regulated by the EPA. States
and local jurisdictions are permitted to establish their own
safety laws and regulations as long as they do not conflict
with a federal standard."

"States and local jurisdictions are free to enact equipment
regulations that are identical to NHTSA standards or, in the
absence of a federal rule, establish their own laws and
regulations. Frequent examples of separate state or local
standards are laws covering auxiliary lighting equipment
such as fog lamps, sound levels for exhaust and stereo
systems, bumper/frame height restrictions and window-
tinting transmittance parameters."

What all that means is that the States cannot require vehicle standards that conflict with the standards set by the NHTSA.
The NHTSA currently classifies the Elio as a motorcycle and designates almost all of the equipment and configuration requirements.

The only things the state "autocycle" designations affect Is operator license/endorsement and/or helmet requirements.
And that's only because there are no federal standards set for those.

A 3-wheeler is still has a federal classification as motorcycle and is subject to those requirements.
The states can "classify" the Elio as anything they want. They can call it a hot dog or big mac for that matter.
BUT... the states cannot set standards that conflict with the federal (MC) standards. Period. That is a specific federal law.

Which means that, if you look it up, none of the state "autocycle" laws require things like air bags and ABS.
The state laws cannot legally require those things on a 3-wheeler (MC) until the Federal standards do.

That was some great research and you hit the nail on the head. Thanks.

 

[Samalross]

So was all the work getting getting Autocycle legislation mostly just for helmets? If that is the case, Elio wasted a lot of money as usual.

 

[Sailor Dog]

at this point it's a state by state safety requirement. As for an automobile, I know that I can drive my current car in all 50 states without anything special at all. [/QUOTE]
By the time of delivery of the first ELIO, pending federal autocycle legislation will have been passed because of such a large number of reservationists combined with low brand awareness (6.5%). Ever just wanted to jump on the (a) bandwagon?! Nobody knows about ELIO and if they're hurting financially, the gas making their payment to have a totally cool autocycle will be the populist message and already has bipartisan support. The other principles are a distant second to fourth.

States
and local jurisdictions are permitted to establish their own
safety laws and regulations as long as they do not conflict
with a federal standard."

BUT... the states cannot set standards that conflict with the federal (MC) standards. Period. That is a specific federal law.

Which means that, if you look it up, none of the state "autocycle" laws require things like air bags and ABS.
The state laws cannot legally require those things on a 3-wheeler (MC) until the Federal standards do.

Again, all I'm saying is... "Pending federal autocycle legislation is VERY popular in Congress."

 

[Elio Amazed]

So was all the work getting getting Autocycle legislation mostly just for helmets? If that is the case, Elio wasted a lot of money as usual.

To your statement, yes and no. Getting a good number of states to call the Elio a hot dog...
Er... "autocycle" not only served to eliminate operator licenses/endorsements and helmet requirements...
But was also an attempt to set a favorable mentality in Congress toward a possible federal autocycle classification.

IMO, eliminating requiring MC licenses and helmets in almost all states is extremely important in achieving maximum market acceptance.
The negative? Like the entire project: "We had a good run, but we run too slow". In other words the federal classification was the ultimate prize.

 

[Elio Amazed]

By the time of delivery of the first ELIO, pending federal autocycle legislation will have been passed because of such a large number of reservationists combined with low brand awareness (6.5%). Ever just wanted to jump on the (a) bandwagon?! Nobody knows about ELIO and if they're hurting financially, the gas making their payment to have a totally cool autocycle will be the populist message and already has bipartisan support. The other principles are a distant second to fourth.

Again, all I'm saying is... "Pending federal autocycle legislation is VERY popular in Congress.

Sorry Dog. I'm not seeing any evidence of that at the present time. Maybe you've got some information to share?
My information tells me that, at the present time, both bills are hopelessly bogged down in committee.

 

[Sailor Dog]

Sorry Dog. I'm not seeing any evidence of that at the present time. Maybe you've got some information to share?
My information tells me that, at the present time, both bills are hopelessly bogged down in committee.

That's where the successful raise (silence is golden right now for reasons previously discussed) and subsequent public demand & pressure comes in. Feel encouraged by recent developments since the beginning of 2018, especially after a 11-12 month interruption of shwag & tweets, in addition to a website & Wednesday Momentum overhauled. Many will want ELIO to happen for themselves or for someone they know. It will be very difficult for the committees to stand in the way of easy bipartisanship created from the American people's leadership...from the ground up is the plan.

 

[RSchneider]

Again, all I'm saying is... "Pending federal autocycle legislation is not VERY popular in Congress."

I know I modified your original quote but at this point my modified quote and your original one are equally true because neither one has any proof.

Again. It's forward looking thinking and do not mistake that with fact.

 

[Sailor Dog]

I know I modified your original quote but at this point my modified quote and your original one are equally true because neither one has any proof.

Again. It's forward looking thinking and do not mistake that with fact.

Just relieved that ELIO popularity isn't based on the Electoral College. Not sure what's unpopular about 65k+ reservations from the 6.5% of the US population that has actually heard of ELIO MOTORS... probably the ones who need it least!

 

[Elio Amazed]

Just relieved that ELIO popularity isn't based on the Electoral College. Not sure what's unpopular about 65k+ reservations from the 6.5% of the US population that has actually heard of ELIO MOTORS... probably the ones who need it least!

I'll grant you 24/7 that the math supports the reasons why it should be popular.
326,766,748 x .065 = 21,239,838 people that (supposedly) know about the Elio.
Out of those (supposed) 21,239,838, 65,000+ put down some kind of deposit.
65,000 divided by 21,239,838 = .306%. A little more than 3 tenths of a percent.
And that was on little more than pure faith. .0030604 x 326,766,748 = 1,000,036.

Which means that if every person in the US knew about the Elio and the percentages held true...
1,000,036 would put a deposit down. Times $1k. EM might only see $1k in profit even with options...
They've spent the profits of ~65K units and production is 2019 at the earliest... Math = $1B in "profit".
Subtract ~$540M in debt and obligation and EM would end up with ~$460M in the black after ~1M units.

Unfortunately, the human race rarely chooses what's good for it over quick gratification.
There are far more profitable and less risky endeavors for VCs than counting on 1M units.
There are very few rich altruists. And unfortunately, EM doesn't have a good track record.
And that's if the Elio proves to be a dependable quality product that continues to impress.

About that... I don't think anyone including EM can make a prediction with certainty...
Since they say they're still ~$83M away from having a production-ready prototype.

If things had gone the way they logically "should" have throughout history...
And percentages always held true... We'd be living in a much different world right now.

And I would have been driving an Elio for a couple of years.

 

[Sailor Dog]

I'll grant you 24/7 that the math supported the reasons why it should be popular.
326,766,748 x .065 = 21,239,838 people that (supposedly) know about the Elio.
Out of those (supposed) 21,239,838, 65,000+ put down some kind of deposit.
65,000 divided by 21,239,838 = .306%. A little more than 3 tenths of a percent.
And that was on little more than pure faith. .0030604 x 326,766,748 = 1,000,036.

Which means that if every person in the US knew about the Elio and the percentages held true...
1,000,036 would put a deposit down. Times $1k. EM might only see $1k in profit even with options...
They've spent the profits of ~65K units and production is 2019 at the earliest... Math = $1B in "profit".
Subtract ~$540M in debt and obligation and EM would end up with ~$460M in the black after ~1M units.

Unfortunately, the human race rarely chooses what's good for it over quick gratification.
There are far more profitable and less risky endeavors for VCs than counting on 1M units.
There are very few rich altruists. And unfortunately, EM doesn't have a good track record.
And that's if the Elio proves to be a dependable quality product that continues to impress.

If things had gone the way they logically "should" have throughout history...
And percentages always held true... We'd be living in a much different world right now.

And I'd have been driving an Elio for a couple of years already.

I question the $1,000 profit. The 6.5% that have heard of ELIO are the people most likely to have the money to make a reservation but lack of a real need would have kept the conversion rate down. If 65% know of ELIO the conversion rate will be much higher with the people who need it most being early coverts with the gas buys the car plan.