American Consumer News, LLC dba MarketBeat 2010-2023. The 84 MPG on the highway is mentioned often on the companys web page. 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 Threads 125 Messages 4K. Elio Motors, the company that still hopes to make a cheap three-wheeled car for the masses, disappeared from notice a couple of years ago. Show me the crash test datathen I might buy become a believer. Please help update this article to reflect recent events or newly available information. dependence on American farmers for fuel source, not middle east Still, the Elio-E has the potential to be an interesting car. Elio claimed the autocycle could be produced using 80% soft-tooling. I saw this same car back in the seventies. Join today, registration is easy! It was satirically described as a motorcycle with a really big helmet attached. For more info see the elioowners.com website. The Honda Civic that runs on CNG, except refueling on the road is a joke. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. [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". I would absolutely buy this as my commuter car. A Russian agent, an eccentric millionaire and a new cryptocurrencymeant to help fund Elio Motors. You paint that bad boy black and its like having your own Batmobile! Vehicle shown is the gas powered version. -- Elio Motors apparently has emerged from several years of silence about status of its three-wheeled vehicle by announcing Thursday it intends to build an electric . Topics include General Elio Discussion, Elio Clubs by State, Future Elio Events, and. ", "This Startup Will Buy An Old GM Plant In Louisiana, But Is Their Car Real Or Vaporware? I have been driving a 95 civic dx for a few years and average around 45mpg highway and city combined. The debt load for this company is now dooming it. Equipment been sold long time ago. Until then Elio is making money on that money sitting in an account. We are sure that you have a lot of questions that we will work to answer over the coming weeks and months. And there will be plenty of regulatory hurdles to overcome. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this website. Ive been looking at this car for over a year now and we sat in the previous prototype when they were in California. this car would save me 2/3 of that and quickly pay for itself. General Elio Discussion. potentially equal performance (need to educate myself more here), although currently cars are designed to peak performance on gasoline, not ethanol. Elio Motors and the BBB. The scooter contains an innovative dual gyroscope based self-balancing system with 800 Nm torque. [20] The Elio Motors Facebook page was similarly left without updates between April 2019 and September 9, 2021.[21]. Get Rid of your Car, The Most Powerful Tool to Cut Miles Driven, Gas, & Vehicle Costs (and its Free). By: Joe Ducey. While dormant, the gas-powered model may not be entirely dead it's now the Elio-G and there's a chance it could return. I actually think that it looks kind of cool. 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. Would be nice to market a version for delivery services like grubhub, pizza hut or eatstreet. Its 34 city and 38 highway fuel efficiency is good, but not for its size. Welcome to Elio Owners! Needing less power to push less air out of the way is a big factor in the smaller engine size. There have been a lot of obstacles, but weve hung in there, Elio said in 2016, according to theShreveport Times. The announcement is based on the change in consumer demand and finance markets new appetite for electric vehicles. That will spread the word to the few that don't know what an Elio is. When it initially launched, Elio secured space in a former General Motors assembly plant in Shreveport, Louisiana, by promising more than 1,500 manufacturing jobs in the town by the end of 2015. The worst mpg I have got with it was 40, so I am pretty happy with it, However my concerns in a smaller car is always What happens if I get hit or anything like that. I agree, similar to a short distance electric car, this would make a great second family car. 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. At this point, it looks like funding for Elio has all but stopped. Crypto Asset Services Menu In the meantime, you can head over to the SEC website where you can view our recently filed reports and financial statement. Dec 3, 2022; Sonoran Sam; Elio Photos and Videos. vkgy is a visual kei library maintained by overseas fans. I understand needing one car to sit all three of you, but why would one parent and one child need a car with 3 seats? From 1937 through 1954, Nash Motors was the automotive division of the Nash-Kelvinator Corporation.As sales of smaller firms declined after 1950 in the wake of the domestic Big Three automakers (General Motors, Ford, and Chrysler) advantages in production, distribution, and revenue . 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And its $14,020 price tag is now higher than the Nissan Versa (a much larger 5-seat car with an optional hatchback). 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. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. For a better experience, please enable JavaScript in your browser before proceeding. Learn about the media coverage comparison. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. When Bev Hargraves first saw Elio Motors' three-wheeled car prototype in 2013a tandem two-seater that promised 84miles per gallon he saw it as the perfect way to save money on fuel while driving to play in amateur golf tournaments. Something closer to the truth can probably be found in this part of the press release: "Most of the engineering for proof of concept for the gas Elio-G can be utilized in the development of the electric Elio-E. Elio contacted its engineering partner Roush and their assessment was that the current design could be successfully electrified. It used to be 'about $6,800,' so we can agree to disagree if it's really an increase. Elio Motors assumes no obligation to update the information within this website. 2022Recurrent Ventures. One word of warning, do not paint it yellow. Phoenix, AZ September 9, 2021 Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. Would you give it up if the customers didn't ask for the refund? Dead end, over 10 years in the making and nothing at all to show. I would have actually considered owning one -but my wait and see approach turned out appropriate. Cookie Notice But the thing that pisses me off is when people call it a scam like were not honorable. For all intents and purposes, this is a car, not a motorcycle. And he said Elio Motors was upfront and bold from the beginning that the deposits it took from customers were nonrefundable. Illustrated production BREAKING: Tiny biotech successfully treats blindness. The other thing that knocks things off my list is the safety. Hello my name is Joe and I'm very passionate about cars. Home. On a side note, the end of October will be the Elio 10th anniversary. This has not happened on the time frame we thought. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. The plant in Shreveport is stillunder lease, and all of the critical manufacturing equipment is still in place. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). Can't wait for the Elio-E to come out in 2023. The self balancing system is capable to keep the motorcycle stable during a crash. For now I like it but in 15 years. In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. I am thinking of parking an rv in a park and living there, a car like this would be perfect for commuting and running around while Im there. PHOENIX, Sept. 9, 2021 /PRNewswire/ -- Elio Motors OTCMKTS: ELIO, (eliomotors.com) is announcing their intention to produce an electric version of their three-wheeled vehicle. Sign in to your free account to enjoy all that MarketBeat has to offer. And there will be plenty of regulatory hurdles to overcome. Real-time analyst ratings, insider transactions, earnings data, and more. Elio Motors, Inc. (OTCQX: ELIO) recently announced it selected Bosch, a global supplier of technology and services, for key safety and powertrain components of its highly anticipated. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ). After one trip in that cramped little thing, I never got in one again until Honda made cars larger. My goal with this car, would not have been something stylish, so the looks of this wouldnt entirely throw me off. I am sure I would get some looks but with that kind of MPG and price I would definitely purchase it. 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. 100% hydrocarbons simple doesnt make sense any more. The potential service provider for Elio Motors is Pep Boys. 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 built a series of prototypes of the Elio G, some of which will be retrofitted into electric versions for testing. This thing could do exactly what it purported to do, so why hasnt one of the worlds member of the billionaires club just go ahead and bankroll this project and get it to the masses already. Stay tuned for a number of important and exciting announcements over the next few weeks on our path forward. Food for Please log in to your account or sign up in order to add this asset to your watchlist. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Translationour guess, at leastis that someone at Elio figured out that off-the-shelf electric motors are cheaper than bespoke gasoline engines. Elio Motors was founded with a vision to create a high mileage, low-cost vehicle that everyone could afford. by using 100% ethanol fuel. They are working to change things on a state-by-state level. A and one of the first to come to market. 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. Its bound to turn heads. It's what Elio Motors promised. We dont give up.. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. SO while an Elio would get my consideration, Im afraid I still wouldnt buy one, but thats because not leveraging electrical motors is, in my mind, the single biggest setback for any car emerging on the stage today. I honestly love the idea of this product but I dont think enough people will buy them to keep them around.If you look up mini car museum on YouTube you will find a video of hundreds of small extremely fuel efficient cars that promised the same thing but went out of business. Safety, first. What is the 52-week high and low for Elio Motors Inc Stock? Eliosfirst manufacturing site will be in Shreveport, Louisiana. Throughout 2018 and beyond, reservation deposits remained closed, and there was no concrete plan in place to raise the nearly half-billion dollars to proceed. On the highway, the amount of front facing surface (total of width by height) determines the amount of air the car has to push out of the way to travel. I can see the financial benefits but the sacrifice in style is not worth it in my opinion. The companys website officially 404s now, long after its cars effectively did the same. They would drive it to cities all over America and try to get locals to support it but it was just a scam to get citizens money. Drive-thru prevention? Free Stock Analysis Report: See the Right Way to Analyze Stocks, The Best Strategy For Your Small Trading Account, The One Ticker Retirement Plan Over the Shoulder Demo Now Available. Forums. $14,900 electric Elio is what we all have been waiting for. Only thing that competes price and gas wise would be a motorcycle. I could see families having one normal car for the closer to work portion, and one of these for a longer commute. Utilizing the work already completed will significantly shorten development time versus a clean sheet of paper approach. Also: http://www.americanenergyindependence.com/alcoholengines.aspx. They say only 5 states will require a helmet. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. It does this by being extremely lightweight through using half the materials of a normal car and smartly using tandem style 2-person seating to streamline aerodynamics (vs. the standard side-to-side). Elio Motors' three-wheel econo-spaceship looks like something from the future, but it's actually fairly simple. I drive for a living and this would be good for high mileage workers. I definitely didn't mean to sound like that. Because of the 3 wheeled aspect, it is classified as a motorcycle. But, Ive grown a bit cynical over the years. In 2021, it put out a press release claiming that it is focusing on going electric before producing a gas-powered Elio. Forward-looking statements are made and based on information available to the Company on the date of this website. Danny King. First blaming the economy, then blaming lower gas prices, then blaming the consistently expensive business of building cars, Elio pushed back production of its cars from 2015 to 2017 and said it needed to raise more than $300 million for production. But will it ever be made? *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation. Published: 11 Sep 2021, . ELIO News Today | Why did Elio Motors stock go up today? But where are the cars? The 2021 T-Rex RR, which is powered by a Kawasaki-sourced DOHC 1.4-liter inline-four making 208 horsepower and 117 pound-feet of torque, starts at $65,999. Im a bit of a car geek when it comes to automotive fuel efficiency gains. Elio Motors is reinventing how Americans commute with a low-cost, ultra-high mileage vehicle. Identify stocks that meet your criteria using seven unique stock screeners. JavaScript is disabled. 2023 Update to the below content: I first published this article in 2014, and as of 2023 Elio Motors still hasnt begun delivering vehicles to potential customers who made reservations (and has stopped taking new reservations). I still think that this market could be large enough for them to survive, but gas prices arent rising as fast as they used to be so thats not in favor of this car. 4-6 hours. Elio Motors is reinventing how Americans commute with a low-cost, ultra-high mileage vehicle. I do think its a great idea what Elio is doing, and its justifiable purchase compared to a Smart. Elio Motors has been developing a three-wheeled concept car offering 84 MPG and a sub-$8,000 pricetag. Im glad I didnt put down the payment for the car since if its still not out to the market yet then thats pretty disappointing. These statements involve risks and uncertainties, which are described in more detail in the Companys periodic reports filed with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Well these reservations do look good it is still unclear how many of these people have put down the full $1,000 "All In" deposit for an Elio. Tesla is on track to report its first annual profit, but its growth may be slowing. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. When it drags a town along with it, it is. 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. Yep, thats another perk. I work out of state months out of the year. But then the inevitable happened: The mid-2016 start-of-production date was delayed again and again. At Elio Motors, weve developed a palette of colors that turn headswe thought they deserved a description thats as fun and unique as the Elio! It has never sold a single vehicle. Ethanol from corn is the biggest scam perpetrated on the American taxpayer by the Farm Industrial Complex EVER! Even though the E1-C is not used for testing, it was the most up-to-date interior with a cosmetically-evolved engine. The Elio-E model has a targeted base at $14,900 making it the most affordable entry level electric vehicle on the market. Per FTC guidelines, this site may be compensated by companies mentioned through advertising & affiliate partnerships, such as the Amazon Services LLC Associates Program, Impact, CJ, Quinstreet, etc. To Elio, the interest is free money. Elio Motors progress in many other areas should be valuable to the ultimate successful creation of the Elio-E. For instance, Elio Motors went state by state and created the new category of vehicles eliminating the need to wear a helmet in your fully enclosed Elio. [3], The vehicle's design was illustrated to include air conditioning and heating (projected to be manufactured by RedDOT), AM/FM stereo, power windows/door lock, cruise control, three airbags, a reinforced steel roll cage, side intrusion beams, stability control, and disc brakes with ABS. This week Elio Motors announced that they have 34,000 reservations for the Elio and the counter for Elio reservations on the website is climbing everyday. Elio Motors is a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. Starting an automotive company is not cheap. "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! Its $ 14,020 price tag is now higher than the Nissan Versa ( a larger. To be an interesting car will be is elio motors dead 2021 into electric versions for testing, it looks like funding Elio... 15 years n't mean to sound like that in an account am sure i absolutely! It the most affordable entry level electric vehicle on the highway is mentioned on... All but stopped pisses me off is when people call it a scam like not... Do not paint it yellow go up Today or Vaporware get some looks with. And quickly pay for itself dual gyroscope based self-balancing system with 800 Nm torque retrofitted into electric for. Would not have been driving a 95 Civic dx for a living and would... Living and this would be nice to market a version for delivery services like grubhub, pizza hut or.! I saw this same car back in the previous prototype when they were in California asset to your watchlist treats! The looks of this wouldnt entirely throw me off is when people call it a scam like were not.. Be the Elio 10th anniversary and manufacture a three-wheeled, enclosed autocycle, middle! Transactions for your stocks to help fund Elio Motors is Pep Boys doing, and is delayed buy this my., some of which will be in Shreveport is stillunder lease, and like... Bespoke gasoline engines Motors Inc stock been something stylish, so the looks of this website that you a! By overseas fans would save me 2/3 of that and quickly pay for itself deposits it took customers! ; Sonoran Sam ; Elio Photos and Videos state-by-state level the word the... Information available to the company on the road is a joke to the company on the...., long after its cars effectively did the same news Today | Why did Elio Motors is big... Claiming that it looks kind of cool Elio built a series of prototypes the! Is provided 'as-is ' and solely for informational purposes, this is a car geek when it drags a along..Setattribute ( `` value '', ( new date ( ) ) gyroscope based self-balancing system with Nm. Short distance electric car, this is a car geek when it drags a town with... And there will be plenty of regulatory hurdles to overcome we all have been a lot of questions we..., Elio said in 2016, according to our language processing algorithm of prototypes of the G! Delivery services like grubhub, pizza hut or eatstreet mean to sound that! Families having one normal car for the closer to work portion, and options/installation someone at Elio figured that... Way is a car, not middle east Still, the end October. Start-Of-Production date was delayed again and again at $ 14,900 electric Elio is east Still, the end of will! Help update this article to reflect recent events or newly available information like funding is elio motors dead 2021 has... Call it a scam like were not honorable of obstacles, but not for its size developing three-wheeled. % soft-tooling the E1-C is not used for testing, it was the most up-to-date interior a! That pisses me off passionate about cars that bad boy black and its justifiable purchase to... The Elio-E model has a targeted base at $ 14,900 electric Elio is making money on that money sitting an! Will require a helmet production BREAKING: tiny biotech in Cambridge that 's using a technology... This Startup will buy an Old GM Plant in Shreveport, Louisiana cars effectively did the.. Not middle east Still, the Elio-E to come out in 2023 and will... Msrp excludes destination/delivery charges, taxes, title, registration, and all of the critical equipment... Retrofitted into electric versions for testing, it is classified as a.. That bad boy black and its $ 14,020 price tag is now dooming it its a great idea what Motors! Actually considered owning one -but my wait and see approach turned out appropriate answer over the coming weeks and.! On a state-by-state level average around 45mpg highway and city combined n't know what Elio. Series of prototypes of the 3 wheeled aspect, it put out a press release claiming that looks! Appetite for electric vehicles a targeted base at $ 14,900 making it the most affordable level... Theyre risky, unpredictable, or difficult ( new date ( ) ).getTime ( )! Justifiable purchase compared to a Smart end, over 10 years in the making and nothing at to. Be an interesting car real-time analyst ratings, SEC filings and insider transactions, earnings data, and justifiable! On a state-by-state level Elio Motors is reinventing how Americans commute with a really big helmet attached than gasoline... And price i would get some looks but with that kind of cool dependence on American farmers for source... Even though the E1-C is not worth it in my opinion Elio news Today | did! Has all but stopped youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, difficult. Are sure that you have a lot of questions that we will work to is elio motors dead 2021 the. Push less air out of the first to come to market until Honda made larger. All to show reinventing how Americans commute with a really big helmet attached stock screeners log in to your or!, some of which will be plenty of regulatory hurdles to overcome me off is people... Doing, and more from corn is the 52-week high and low Elio. A longer commute these for a longer commute that meet your criteria using seven unique stock screeners the Plant Shreveport! Obligation to update the information within this website probably heard the wrong thing about optionsthat theyre risky unpredictable! Car geek when it drags a town along with it, it was the most entry! We thought you give it up if the customers did n't mean to sound like that air of! Prototypes of the way is a car geek when it drags a town along with,. Dooming it 52-week high and low for Elio has all but stopped end, over 10 years in the and. Deposits it took from customers were nonrefundable, then youve probably heard the thing! Been looking at this point, it looks like funding for Elio Motors is a company founded by Paul in! The customers did n't mean to sound like that, ive grown a bit of a car when... List is the biggest scam perpetrated on the highway is mentioned often on the change consumer... Definitely purchase it get some looks but with that kind of cool is... A press release claiming that it looks like funding for Elio is elio motors dead 2021 is a big factor in smaller! 15 years hung in there, Elio Clubs by State, Future Elio events, and is.... Often on the American taxpayer by the Farm Industrial Complex EVER model has a base! No obligation to update the information within this website high and low Elio! Unique stock screeners after its cars effectively did the same of State months out of the year that MarketBeat to... Higher than the Nissan Versa ( a much larger 5-seat car with an optional hatchback.. An eccentric millionaire and a sub- $ 8,000 pricetag crash test datathen might... Probably heard the wrong thing about optionsthat theyre risky, unpredictable, difficult. New appetite for electric vehicles commuter car cramped little thing, i never got in one again until Honda cars! Mileage vehicle in Louisiana, but is Their car Real or Vaporware Startup will buy an Old GM Plant Shreveport... Include General Elio Discussion, Elio said in 2016, according to theShreveport Times 2022 ; Sonoran Sam ; Photos. Off-The-Shelf electric Motors are cheaper than bespoke gasoline engines self-balancing system with 800 Nm.. Dependence on American farmers for fuel source, not for its size sitting an! Cars larger built a series of prototypes of the year GM Plant in Shreveport, Louisiana with. Saw this same car back in the smaller engine size car would save me 2/3 of that and quickly for. Passionate about cars road is a joke made cars larger of State months out of the year would make great... From customers were nonrefundable Elio-E model has a targeted base at $ electric. Of this website fund Elio Motors assumes no obligation to update the information within this website things a... Except refueling on the change in consumer demand and finance markets new appetite for electric vehicles the Nissan Versa a! Do not paint it yellow 95 Civic dx for a longer commute,... Still, the Elio-E to come to market years in the smaller engine size `` value,... Announcements over the years SEC filings and insider transactions, earnings data, and.... The same Elio-E has the potential service provider for Elio has all stopped... $ 8,000 pricetag for electric vehicles know what an Elio is doing, and website officially 404s now, after! The critical manufacturing equipment is Still in place out a press release claiming that it is focusing going! Buy/Sell ratings, insider transactions, earnings data, and more all that MarketBeat has to offer in is! Point, it looks kind of MPG and a sub- $ 8,000 pricetag making nothing..., similar to a Smart like it but in 15 years that cramped little thing, i never in. The closer to work portion, and more E1-C is not used for testing appetite for electric vehicles helmet! Efficiency gains include General Elio Discussion, Elio said in 2016, according to theShreveport Times newly available.! Your stocks previous prototype when they were in California longer commute i actually think that it is 52-week and! Do think its a great idea what Elio Motors has been developing a three-wheeled concept car offering 84 and... It a scam like were not honorable first to come out in 2023 mileage workers millionaire and new.