Its kind of a neat idea, and if I lived in a less rural area, I might consider buying one myself. And the Mitsubishi Mirage, mustnt forget that: http://blogs.cars.com/kickingtires/2014/07/whats-the-most-affordable-car-in-2014.html. I would not be surprised if we never see an Elio released to the public. Please help update this article to reflect recent events or newly available information. I see a car as a method of transportation to get me from point a to point b. I wonder if it qualifies as a car or motorcycle. In the filing, it said that their vehicle would not be capable of production until approximately 76 weeks after securing enough funding to begin.[14]. Ethanol from corn is the biggest scam perpetrated on the American taxpayer by the Farm Industrial Complex EVER! As previously noted, there is no rebel billionaire here - Elio has had to bootstrap its funding the hard way. Support: 888-992-3836 Home NewsWire Subscriptions. My neighbor who was a business owner was solicited but said no thanks as far as I knew. The C1 is an electric self-balancing scooter-car cross-over from motorcycle innovation company Lit Motors from San Fransisco, U.S. It took an ambitious and daring rebel billionaire (Elon Musk) to force some true efficiency innovation in the marketplace with electric vehicles via Tesla. Elio Motors assumes no obligation to update the information within this website. Elio Motors is based in Phoenix, Arizona, and projected in 2017 that manufacturing could take place at a facility in Shreveport, Louisiana, using a portion of the former General Motors 3.2 million-square-foot plant. *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. 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I reserved one, I love its look, the fuel economy and the fact that it is bold forward thinking American ingenuity. The entire automotive landscape has changed significantly, and Elio Motors now believes that it is better to first develop an electric powered Elio-E and get it into production. Considered, but if they sold these with A and one of the first to come to market. View which stocks are hot on social media with MarketBeat's trending stocks report. It's unclear what, if anything, Elio has done with the deposits and money it collected over numerous rounds of funding nor is it clear what the future will be for its cars or plant in Shreveport. According to the press release, Elio's original plan was to launch the gasoline-powered Elio-G first, then follow up with a battery-powered electric version. Elio Motors lead by Paul Elio developed a three wheel car that gets 84 mpg hi Show more Show more Shop the Scotty Kilmer store $28.98 Spring $29.98 Spring $28.98 Spring $29.98 Spring Don't. By then, the economy and gas prices had significantly changed since 2009, when Elio announced his plans, but the company maintained it would make good on its promises to Shreveport, Louisiana, and sustainability. Elio Motors isn't doing so well. [12], The idea of 100 pre-production fleet vehicles was teased in December 2016, however social media replies on Nov 1, 2017, from Elio Motors said, "We are targeting the start of production in 2019". GM's shuttered Hummer plant in Shreveport, Louisiana. I wouldnt risk my kids life with this car, no matter what the cost savings. So I started looking in to it a bit more. I was (and still am) waiting for Tesla to make a car that I can afford, but until then, this little car will do nicely and get almost double the MPG I get in my 2005 Honda Insight. Certain statements within this website including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. Now, given the climate of the car business, Elio has decided to launch the electric version first, and thenmaybethe gasoline version. By: Joe Ducey. It is only 2-3 mpgs higher than some much larger gas-only models. We are planning on starting production with the Elio-E to take advantage of both financial investment opportunities and consumer demand in the electric market. I guess Im having trouble with the 2 cars that seat 3 comment. For all intents and purposes, this is a car, not a motorcycle. While I can appreciate the ingenuity behind this and hope that many people use it, I dont find myself in the target user group. Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. Get updates now! When Elio started taking reservations in Jan, 2013, those people now know that it'll be 8+ years before they will get their vehicle. How to Get the Most Out of Auto Insurance Quotes, http://en.m.wikipedia.org/wiki/Myers_Motors_NmG, http://www.goodcarbadcar.net/2011/01/scion-iq-sales-figures.html, http://insideevs.com/monthly-plug-in-sales-scorecard/, http://www.americanenergyindependence.com/alcoholengines.aspx, The Best & Cheapest Tax Software for 2023, Save Money on Amazon: A List of Amazon Discounts, Promos, & Price Hacks, Get Free 20somethingfinance Newsletter Emails, Outstanding fuel efficiency. But just recently, the website became active again with a new announcement: The Elio will be reborn as an electric vehicle known as the Elio-E. Target price: $14,900. I think as the years pass, we will get away from so much luxury and cars we may be use to and instead go the frugal route. It will only cost $7,450 (up from $6,800 as originally projected), with some nice standard features (AC, AM/FM/Aux/Bluetooth, power locks/windows). Dont put in a non-refundable reservation. SHREVEPORT, La. Share your opinion and gain insight from other stock traders and investors. 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I dont see a city estimate for MPG. Residing in MO the helmet law question still got me on the side line. A Scion IQ or Mitsubishi i-Miev is the minimum for us, and neither of those are selling like hotcakes at an average of 200/month and 25/month respectively in US Sales. OTCMKTS:ELIO Elio Motors - ELIO News Today $0.01 0.00 (0.00%) (As of 02/28/2023 12:00 AM ET) Compare Today's Range $0.0125 $0.0125 50-Day Range $0.01 $0.03 52-Week Range $0.01 $0.75 Volume 3 shs Average Volume 314 shs Market Capitalization $369,750.00 P/E Ratio N/A Dividend Yield N/A Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. "Elio Motors Returns From the Dead With 3-Wheeled Elio-E EV", "Zacks Update on Elio Motors Misinformation Clarified", "Elio Motors Had All Of $7,155 Left In The Bank Late Last Year", "Waiting on the Elio, a Three-Wheeled Dream Car of the Future", "Elio Motors debuts e1c engineering vehicle", "You won't need a motorcycle license to drive the Elio in 41 states", "Elio Motors Gets Closer to Nationwide Helmet Exemption", "Three-wheeled car buyers won't have to take motorcycle test", "Maker of high-mileage 3-wheel vehicles buys former GM plant", "Elio Motors' Top 10 Things to Love | Elio Momentum v40 | Elio Motors", "Elio Motors | The next big thing in transportation! Say. clarinet, bassoon duet. Hundreds of institutional investors are looking to invest in the electric vehicle market. In fact, once production officially kicks off, it will have an in-house-built 0. . The Elio will be nicely equipped with power windows, power door locks, air conditioning and cruise control, accompanied by the safety of multiple air-bags and an aerodynamic, enclosed vehicle body. Export data to Excel for your own analysis. I like the 3-wheel premise and while I wouldnt buy it in orange, I would definitely pick this car up as a very cost-effective, fuel-efficient commuter vehicle. 2942 N 24th St Ste 114-700, Phoenix, AZ 85016-7844 Email this Business BBB File Opened: 8/7/2013 Years in Business: 13 Business Started: 10/26/2009 Business Incorporated: 10/26/2009 Type of Entity:. Requests to Elio Motors for any information are simply answered with read the blog. But where are the cars? And we may or may not make it. The price is right for me to buy one w/ no payments. Plus (if we recall correctly), the Elio P4 prototype we drove was rather fun to putter about in at the sub-50-mph speeds we were allowed to hit. But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there. I think I would get one if we ever needed a second car for me to get to work and back. BTW, cars are not investments. It should have been declared a scam, and Mr Elio prosecu. It had a clever name, distinct look, good fuel efficiency, and a low cost. A few prototypes to demo to the press. Its 34 city and 38 highway fuel efficiency is good, but not for its size. Consult an independent financial advisor for your specific situation. This time . Elio Motors secured more 65,000 reservations for the (Elio-G) gas-powered vehicle, proving the demand for its unique styling and design. Elio Motors is making a significant step towards finally launching its long-overdue "ultra-high-mileage, low-cost three-wheel Elio vehicle.". I think it needs a third, and possibly a fourth, seat to meet those sales numbers. Maybe you can put a basket on front for trips to the grocery store. Drive-thru prevention? by using 100% ethanol fuel. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. Since I ride a bike to work and live right on a bus line, I personally wont be purchasing an Elio unless my job situation changes. Eight years later, he still hasnt gotten his vehicle and he hasnt gotten his money back, either. Sure, there is absolutely no concrete proof that Elio Motors were flat out lying about the release date of their three-wheeled commuter car of the future. Pre-production three-wheeler prototypes were spotted, but nothing more than show cars that showed the company could make something from more than $100 million in startup funding. Low cost get to work and back seat 3 comment quot ; price right! Other stock traders and investors efficiency, and options/installation one w/ no payments if. An independent financial advisor for your specific situation Mirage, mustnt forget that::! 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