Archive | elio motors

Nikola’s Slow-Motion Collapse Continues Apace

Nikola, the electric truck startup that was once valued at $26 billion despite having no revenue, has had as weird a time during the pandemic as anyone. Nikola was accused of being an “intricate fraud,” and then its founder left. It has since tried to soldier on in diminished form but each new update is […]

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Nikola’s Slow-Motion Collapse Continues Apace

Nikola, the electric truck startup that was once valued at $26 billion despite having no revenue, has had as weird a time during the pandemic as anyone. Nikola was accused of being an “intricate fraud,” and then its founder left. It has since tried to soldier on in diminished form but each new update is […]

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Elio Motors Had All Of $7,155 Left In The Bank Late Last Year

Elio Motors recently emerged from a months-long period of silence with ostensibly promising news of a $2.5 million investment from Overstock.com, a website that surprisingly still exists. Only now we know just how badly Elio needed it. By the end of 2017, Elio didn’t even have enough cash on hand to buy one of its […]

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Elio Motors Shelves Plan To Raise $100 Million On Wall Street After Bowing To Our New Savior Lord Jesus CryptoChrist

Elio Motors has just pulled its IPO, per SeekingAlpha, a shocking move for, wait, no, a not shocking move for America’s sketchiest car company. It has only been a day since the once-hyped company pivoted to crypto currency and nothing is off the table.Read more… Continue Reading at http://jalopnik.com

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Elio Confirms It’s Going Crypto And Gets A $2.5 Million Lifeline From Overstock.com 

Troubled three-wheel car startup Elio Motors netted a $2.5 million lifeline on Tuesday from online retailer Overstock.com—yes, that is still a thing, as is Elio, for now—and confirmed it is indeed going crypto, something we alluded to a week ago. Elio said its “security token offering,” likely to be called ElioCoin,…Read more… Continue Reading at […]

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Elio Motors Appeals ‘Steep’ $545,000 Louisiana Fine That ‘It Would Not Be Able To Pay’ Anyway 

Back in July, the state of Louisiana fined Elio Motors $545,000, saying it’s operating as a “manufacturer” and therefore should have a state-issued license to accept non-refundable deposits for its proposed three-wheeled ride. Elio vowed to appeal the decision, and on Tuesday it delivered, challenging the fine in…Read more… Continue Reading at http://jalopnik.com

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Elio Motors Appeals ‘Steep’ $545,000 Louisiana Fine That ‘It Would Not Be Able To Pay’ Anyway 

Back in July, the state of Louisiana fined Elio Motors $545,000, saying it’s operating as a “manufacturer” and therefore should have a state-issued license to accept non-refundable deposits for its proposed three-wheeled ride. Elio vowed to appeal the decision, and on Tuesday it delivered, challenging the fine in…Read more… Continue Reading at http://jalopnik.com

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Why This Job-Starved Town Thinks Car Startup Elio Motors Took It For A Ride

SHREVEPORT, La.—When Mark Jones took over the Chevron gas station he owns here more than three decades ago, it was in a sleepy and undeveloped part of town. Quickly, though, things changed. A nearby General Motors truck assembly plant opened in 1982 and gave way to a crush of development. Neighborhoods sprouted to…Read more… Continue […]

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Elio Motors Turns To Lobbyists Because It Needs The Trump Administration To Save It

While Elio Motors is looking to find investors to raise up to $100 million, the startup has hired a pair of former Trump campaign officials as lobbyists for its cause, according to a new report from The Daily Beast. The reason? The federal government still doesn’t consider Elio’s three-wheeled autocycle an…Read more… Continue Reading at […]

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