Elio financials..!!

[Bob Denman]

:agree: This is where we're questioning the possibility of Elio being able to deliver on their promises...
If you're afraid to ride your bike because something bad MIGHT happen... :dontknow: :roflblack:

 

[crazyspyder]

cheering for ELIO

I love my spyder RT and drive it daily rain or shine. but, I also like to keep an open mind about new and greater possibilities. I hope that the ELIO takes root and becomes a stepping stone to our gas crises. I hear HARLEY
has a all new electric model coming out as well. dont know why our society has to be so dependent on oil and gas, its a hard process but we need to be weaned from it. :thumbup:

 

[ahh-cool]

Elio owner

I put up $100 for a deposit. Here's my thinking, after doing some research on it I believe he was being truthful, as far as delivering a very economical car.
I figured it was worth the risk. If he can deliver it and it's not a piece of crap it could be very beneficial for this country.
If he fails I want to believe he really believed he could do it, and for that alone it is worth $100 to me
Stefan

 

[Bob Denman]

That is a VERY reasonable outlook...

Give them a chance, and let's all see what happens.

 

[kawakii]

I put up $100 for a deposit. Here's my thinking, after doing some research on it I believe he was being truthful, as far as delivering a very economical car.
I figured it was worth the risk. If he can deliver it and it's not a piece of crap it could be very beneficial for this country.
If he fails I want to believe he really believed he could do it, and for that alone it is worth $100 to me
Stefan

I love this answer and it's exactly how I feel about the Elio company. Sometimes taking a small risk if you can afford it in hopes it may change our country for the better is worth the risk.

I'd love an Elio but it'd have to be a summer/ fall vehicle - can't see it doing too well in our NH winter weather.

 

[bullant12]

I agree with Dan Ashley. I am not putting a dime until I see a finished product. The idea of placing a deposit for a company that doesn't even have a single product to prove how reliable they are, is a risk itself. Numbers are like scriptures, everybody can read them, and interpret them as they see them. You can change the numbers all you want, but until the product is not out there and prove to the rest of the world this is what is going to change our views, the idea of a $6,800 vehicle getting 84 MPG is still to be seen, no matter how much the CEO can go out there and show us prototype(s).

This is just my opinion. Hopefully those that gave the big deposits will get their product and be happy. I can wait a few years while the Elio takes it's growing pain years out of the way... in the meantime my garage is full as it is.

 

[Dan_Ashley]

I agree with Dan Ashley. I am not putting a dime until I see a finished product. The idea of placing a deposit for a company that doesn't even have a single product to prove how reliable they are, is a risk itself. Numbers are like scriptures, everybody can read them, and interpret them as they see them. You can change the numbers all you want, but until the product is not out there and prove to the rest of the world this is what is going to change our views, the idea of a $6,800 vehicle getting 84 MPG is still to be seen, no matter how much the CEO can go out there and show us prototype(s).

This is just my opinion. Hopefully those that gave the big deposits will get their product and be happy. I can wait a few years while the Elio takes it's growing pain years out of the way... in the meantime my garage is full as it is.

I hope it works out too. I think a three wheel car that is a lot less expensive than the T-Rex would be fun! I also hope nobody sends in $100 (or more) if they can't afford to lose it.

 

[lonestarmedic]

Elio a dream?

The concept is ggod, the design makes sense. Been following it for about 4 years. Always the same mass e-mailing of a bright future and send us money to reserve a car. I have no money invested. Bring a few prototypes on a U.S. tour so I can see one and see it run. Clay models are cool. I did Play -Do modelling as a kid.

JB

 

[Rando]

Bring a few prototypes on a U.S. tour so I can see one and see it run.JB

Jul 04, 2014 - Jul 06, 2014 Tacoma, WA Freedom Festival Stay tuned for times and locations!
Jul 11, 2014 - Jul 13, 2014 Portland, OR Area Mall. Stay tuned for detailsMall Hours
Jul 18, 2014 - Jul 20, 2014 San Francisco Bay Area Mall. Stay tuned for detailsMall Hours
Jul 25, 2014 - Aug 10, 2014 Los Angeles, CA Stay tuned for details
Aug 16, 2014 - Aug 17, 2014 Metropolitan Detroit, MI Woodward Dream CruiseStay tuned for details
Aug 22, 2014 - Aug 24, 2014 Birmingham, AL Mall Event. Stay tuned for details.Mall Hours
Aug 29, 2014 - Aug 31, 2014 New Orleans, LA Mall Event. Stay tuned for details.Mall Hours
Sep 26, 2014 - Oct 01, 2014 Dallas, TX Texas State Fair.Stay tuned for details
Oct 04, 2014 - Oct 12, 2014 Albuquerque, NM. BALLOON FIESTA!!!Stay tuned for details
Oct 17, 2014 - Oct 19, 2014 Rome, GA Wings Over North Georgia Airshow.Stay tuned for details!
Oct 30, 2014 - Nov 03, 2014 Ft. Lauderdale, FLFt. Lauderdale International Boat Show.Show Hours

 

[PatGund]

I don't know.

From scanning through the article, the first thing I saw was the tone of the article, which suggests the writer is not onboard. I'm fine with that, as long as it is kept professional. This piece was not professional, even if it was accurate, about which I have no clue. It could also mean that the writer is actively against the success of Elio. If that is the case, then I would think caution is needed while reading it.

Again, I don't know.

If you look at anything Jo Borras has written about the Elio, (or small cars in general), you'll find he's not exactly a fan........

 

[Dan_Ashley]

If you look at anything Jo Borras has written about the Elio, (or small cars in general), you'll find he's not exactly a fan........

That us why I posted a link to his alleged data source in post #19. You can download the spreadsheet and decide for yourself. If you do that, as you read through it ask yourself whether the assumptions make sense.

For example, is there a market for 250,000 Elios every year. This represents 46% of the entire US motorcycle market, and more (I think--needs verification) than the entire annual VW sales.

Then ask yourself if there is sufficient costs allocated to advertising and selling. What is the % cost of sales for GM, Ford? Would Elio be less because it is smaller, would Elio be greater on a % basis because it is new?

Then look at at the executive salaries. I am not convinced you can buy executive talent for the costs listed. If that were just salary, without bonuses or benefits then maybe...but those are fully costed items.

Then look at other items. There are lots of things in there to discuss.

Look at it and decide if the probability of achieving ALL those cost points is realistic.

I am of the opinion that the reason they can't get financing is because of what I pointed out here--but maybe I'm wrong....

 

[dndfindley]

Take the Elio debate to the Elio forums. There are a bunch. Just do a Google search. The most active one is: http://www.elioowners.com

Are you now the censor? Are you the one who decides what we can or cannot talk about? I haven't posted about the Elio nor did I intend to but after I read your post I had to.

 

[SNOOPY]

That us why I posted a link to his alleged data source in post #19. You can download the spreadsheet and decide for yourself. If you do that, as you read through it ask yourself whether the assumptions make sense.

For example, is there a market for 250,000 Elios every year. This represents 46% of the entire US motorcycle market, and more (I think--needs verification) than the entire annual VW sales.

Then ask yourself if there is sufficient costs allocated to advertising and selling. What is the % cost of sales for GM, Ford? Would Elio be less because it is smaller, would Elio be greater on a % basis because it is new?

Then look at at the executive salaries. I am not convinced you can buy executive talent for the costs listed. If that were just salary, without bonuses or benefits then maybe...but those are fully costed items.

Then look at other items. There are lots of things in there to discuss.

Look at it and decide if the probability of achieving ALL those cost points is realistic.

I am of the opinion that the reason they can't get financing is because of what I pointed out here--but maybe I'm wrong....

You forgot to factor in a good dose of greed. opcorn:


.

 

[wyliec]

Are you now the censor? Are you the one who decides what we can or cannot talk about? I haven't posted about the Elio nor did I intend to but after I read your post I had to.

Actually, Lamont had said previously to post on the Elio forum, and he was directing that comment to Rando, because he was making so many Elio posts. I believe that was the reason for Rando's comment.

Just in case you're sort of new here, Lamont had made that comment awhile ago; but, it appears quite a few members missed it.

 

[DrewNJ]

Hmmm....what a novel business plan to sell $100+ t-shirts.....

Sent from my Venue 8 3830 using Tapatalk

 

[Bob Denman]

Actually, Lamont had said previously to post on the Elio forum, and he was directing that comment to Rando, because he was making so many Elio posts. I believe that was the reason for Rando's comment.

Just in case you're sort of new here, Lamont had made that comment awhile ago; but, it appears quite a few members missed it.

:agree: He caught some grief... :shocked:

It's a fine line between reporting something newworthy, and being perceived as having an agenda... :yikes:
I don't know where he falls in this one; but he's certainly been following the directions that were given about it! :thumbup:
So please; cut him some slack...

 

[StanProff]

Well,, gotta say a word or two. I think it is a good concept. It is not competition for Spyders or conventional 3 wheelers. I wish them well and hope it goes to market and is a success. Seems some make fun of people who throw a deposit on it, I haven't nor do I intend to. But hey, I've wasted much more on scratch-off's. I guarantee I waste much more on my pilgrimage to Sam's every few weeks and end up spending a couple of hundred on a lot of stuff I don't really need . I don't think it does any good to be negative about something or belittle folks just because they feel something is worth a shot. After all, the folks that want to take a chance on something don't need my or anyone Else's permission to take that chance. Heck, I lost quite a few thousand dollars a few years ago to try and bring a product to market that I believed in, I didn't even get my wife's permission on that one, :lecturef_smilie: allthough I wouldn't recommend that :shocked:. Anyway it, is what it is. The Chinese will make it sooner or later. I'd rather see it made here.

 

[ARtraveler]

You are right and I suppose I have thrown a few sarcastic barbs about the product, not about those who believe in it though.

However, I do think that when someone posts a cheerleader post about something like Elio it is fair game to make counter points.

:agree: x 2. It makes for interesting discussion material and the product is yet to be offered to the public. I have been watching this progress from day one and they have not won me over yet.

 

[Dan_Ashley]

:agree: x 2. It makes for interesting discussion material and the product is yet to be offered to the public. I have been watching this progress from day one and they have not won me over yet.

me too. I just wanted to discuss it. Nothing more.

 

[jerpinoy]

So if I sent $ 6800 deposit I should get the first Elio made with serial number 000,0001 this is first out 250,000 unit.:yes::yes::yes::yes: .