Like corporate welfare that is now more than double the amount taxpayers fork over for all other entitlements and welfare?
Like corporate welfare that is now more than double the amount taxpayers fork over for all other entitlements and welfare?
It would be difficult if not impossible to generate funding for Elio from this point forward. The appeal of this startup and all the mom and apple pie sentiment Elio tapped into as a tactic to entice or scam (the choice of terms seems to vary depending on how much you lost) his victims, is gone. The gig is up.
Let’s not forget their misstep, moving sideways and into debt, by developing a “new” engine instead using something off the shelf to get their production line moving. They set the bar so impossibly high, they were never going to meet whatever goals they might have set publicly. Obviously they help learning how to set…
Does ELIO have the wherewithall to anything right? There’s not evidence, none, that they can make this work given their track record of blowing the money they accumulated on not much.
When did OBL get into the scam car business? The Trump U scammer is more likely to go for this fake car company - he invented the word fake don’t you know.
What happened when the Livonia company hired to assemble the prototypes stopped because the parts ELIO sent were hopelessly screwed up. A fender falling off is hardly the issue. Parts were missing from recent car show displays -were they models or prototypes - working vehicles? Who knows when ELIO is talking?
A Louisiana lawmaker wants to launch an investigation into the deal for a shuttered General Motors Plant in the City of Shreveport where Elio set up shop.
Trump? Save ELIO? That’s priceless. No pun intended.
“We are ready to succeed,”
Some would say that what they accomplished doesn’t really qualify as a legitimate “try.” There is much debate over what they actually spent all that money on. They might be able to prove they had a model simply because, by definition at that model stage, the ELIO doesn’t really have to actually be a working vehicle.…
So you agree, producing wasn’t the goal, dancing around production was. The issue for investors is the lack of truth and of course the vehicle that still doesn’t exist and never will. They were never told production would be an after thought. No-one is going to give 100 million to a scam artist. Elio had a chance,…