Paul Elio Wishes Folks Would Look On the Bright Side

As TTAC reported recently, Elio Motors disclosed in its most recent annual report to the Securities and Exchange Commission it needs an additional $64 million to begin series production of its first vehicle at a former General Motors assembly plant in Shreveport, Louisiana. This is on top of the $312 million it previously stated it required to bring the high-mileage trike to reality.

That isn’t the worst news.

In the filing, Elio Motors announced it was laying off sales and engineering personnel to conserve resources as it focused on securing more financing, primarily through the sale of stock and taking on more debt. An unnamed vendor is also in a payment dispute with Elio Motors, and the company is running a $100+ million deficit.

“Sure, there’s bad news,” Elio said on a phone call with TTAC, “but there’s also good news in the annual report that people are ignoring.”

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A Tale of Two Trikes: Arcimoto and Elio Do New York

It looks like the makers of three-wheelers are trying hard to get the attention of car and light-truck consumers.

Last month, at the Chicago Auto Show, Polaris had a couple of trikes on display. Immediately adjacent to the Slingshot display, Campagna was showing its T-Rex and newly introduced Harley-Davidson-powered VR13R. The Polaris starts at just under $20,000 and the T-Rex is about three times that price.

Interestingly, the New York International Auto Show, often chosen by high-priced car manufacturers for reveals, also featured two reverse trikes, but at the lower end of the price spectrum: the electric Arcimoto SRK (target price of $11,000) and the gasoline powered Elio (targeted at $6,800).

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Elio Motors Says It Will Sell 100 Pre-Production Prototypes to Fleets, Delays "Consumer" Production Till 2017

In a move that has already generated criticism from disappointed deposit holders, Elio Motors announced that production of its enclosed tandem three-wheelers will be delayed, yet again, to an undisclosed date sometime in 2017.

In a statement issued on Friday, Elio Motors said, “the bulk of the consumer launch will have to be moved into 2017 at a date to be determined, as the company continues to seek additional funding.”

Ironically, that delay was made public as the company appeared to make progress towards getting at least some vehicles built in Shreveport later this year. Founded in 2009, Elio had previously announced production dates of 2014 and more recently the end of 2016.

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Elio Motors Brings Latest Prototype, Stock Sale & Other News to Detroit

The small crew of folks who make up Elio Motors brought the latest, fifth generation, developmental prototype of their reverse trike to the 2016 North American International Auto Show in Detroit. Paul Elio gave a press conference going over what progress the company has made moving towards actual production, including some details about their recent stock offerings that will fund the building of 25 pre-production prototypes.

I’ll get to the press release stuff in a bit. First I want to talk about the car, errr, autocycle, and the third-class of motor vehicles for which the company is lobbying regulatory acceptance.

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Update: Texas DMV on Elio's Trike Status

The Texas DMV has refused to register the new Polaris Slingshot, saying that motorcycles must be ridden from in a saddle, not driven from on a seat. The Slingshot and proposed Elio trike are both being marketed as motorcycles, as three-wheelers do not have to meet Federal Motor Vehicle Safety Standards for automobiles. Elio has told TTAC that they’re exempt from the Texas standard because their vehicle has an enclosed cab. We asked them if they’ve had discussions with the Texas DMV about their status. Elio’s vice president for governmental affairs, Joel Sheltrown, told me in an email,

Yes.. I confirmed this with TX DMV. Also the helmet and m[otorcycle] license exemption. We qualify in every instance to be registered in TX ..as a motorcycle. We will easily meet their requirements.

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Texas Stops Registration of Polaris Slingshot Trikes. Elio Motors: 'Not a Problem'

The makers of the spate of reverse three wheelers now on, or about to be on, sale including the Morgan 3 Wheeler, the proposed Elio Motors vehicle, and Polaris’ Slingshot, now just arriving at dealers, have used the fact that their vehicles are legally considered motorcycles, not cars to ease their passage through regulatory waters. As some critics of the Elio project have pointed out, those that live by their legal classification as not-cars, may also find legal realities that get in the way of selling their “motorcycles”. For example, will drivers be required to wear helmets in those jurisdictions that require them on motorcycle riders? With some already considering the Elio to be a form of birth control for single guys, having to wear a helmet inside it would make it even dorkier. Elio claims those problems are moot. Perhaps so, but just as Polaris is launching the Slingshot, a reverse trike starting at $20K, powered by a 2.4 liter GM Ecotec 4 cylinder engine, they have discovered that the State of Texas will not let the vehicle be registered there.

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Exclusive Capsule Review: Elio Motors P4 Prototype


Click on the settings icon to watch in 2D or your choice of 3D formats.

It seems that most of the media coverage of automotive startup Elio Motors and their proposed $6,800, 84 mpg reverse trike can be sorted into two groups: general media outlets that have taken a bit of a credulous gee whiz attitude, and automotive folks who have cast a more skeptical eye on the enterprise. I’m as skeptical and as cynical as the next guy but unlike many in the automotive community I actually think that Paul Elio and his team have a decent chance of at least getting their vehicle to production. Also unlike most of the critics, I’ve actually taken the time to talk with members of Elio managment along with one of their major backers and I’ve spent time with their prototypes. Perhaps because I’ve tried to give the project an even break the people at Elio have been pretty forthcoming with me and now they’ve let TTAC be the first automotive publication to have an extended and unsupervised test drive of their latest prototype. They figuratively tossed me the keys and literally said, “bring it back when you’re done.” That takes some confidence.

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Elio Motors Update: Latest Prototype Shown, Lease & Contracts Signed, Factory Stores Announced

Since we last looked at Elio Motors, the startup that plans on selling an 84 mpg, $6,800 tandem reverse trike to people looking to replace 15 year old beaters, there have been a number of developments involving the company. To begin with, the start of production has been pushed back until the beginning of 2015. Though Elio had originally announced that production would start in Q4 of this year, there were delays in finalizing the real estate deal for the former General Motors assembly plant in Shreveport, Louisiana where Elio plans to build their vehicles, including assembling their own engines (whose preliminary specifications have been announced). There have also be some changes to the car’s design as it gets closer to production, with a fourth prototype being introduced. Finally, Elio has announced how they will market and service the vehicle. Like Tesla, they will be setting up factory owned stores to sell directly to customers. Those stores, though, won’t be providing service.

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Do I Really Want One of These? Kandi Viper 250cc Reverse Trike

I’ve been fascinated by reverse trikes for a long time. As young teens, my older brother and I made a reverse trike go-kart (he designed the frame and the drivetrain, I did the brakes and steering) because we didn’t have the money for a proper live axle setup in the back. The first hard turn taught us something about the inherent instability of three wheel vehicles. The inside front wheel lifted about 18″ off of the pavement (maybe that’s why I like the photo of Jim Clark’s Lotus Cortina cornering on three wheels so much). It took a bit more than a “dab of oppo” to settle it back down. I don’t remember if either one of us ever completely rolled it, but it was exciting to drive. Now comes word that Morgan’s revived 3 Wheeler, a car that seems to be able to drift and donut effortlessly while still keeping both front wheels planted firmly on terra firma, has become their best selling vehicle, prompting word of expanding the 3 Wheeler line. With that success my attention has once again been drawn to reverse trikes. I’m not the only one. Based on design patent drawings, it looks like Polaris will be soon introducing the Slingshot, a side by side reverse trike powered by a GM Ecotec 2.4 L four cylinder. From the styling the Slingshot looks to be aimed more at Ariel Atom fans than the traditional stringback driving glove set, so I don’t think the Morgan will lose any sales to Polaris, but either way, I think the Polaris will increase the popularity of three wheelers in general.

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  • Lou_BC Ironic, the Honda Ridgeline, a truck that every truck guy loves to hate is in 6th place.
  • 28-Cars-Later I keep forgetting I own it, but the space look on the ext cab reminds me of my 'Yota pickup of the same model year. I'm pretty sure there is some vintage of Hilux which features the same looking ext cab window (maybe '88?) its a shame these things are mostly gone and when available are $1,000,000,000 [INSERT CURRENT CURRENCY].
  • Sayahh Imagine if Ford had Toyota design and build a Mustang engine. It will last over 300k miles! (Skip turbo and make it naturally aspirated.) Maybe Yamaha will help tune it...
  • Sobhuza Trooper Isuzu's crime was to build some damn good trucks.Shame on them.
  • El scotto Listen, unless you were Lord Headly-Stempmoor or such when you got off the off the boat, boot in Canada, you got the short end of the stick. People got on the boat, these days a plane, to escape famine, becoming cannon fodder in yet another stupid war, or the government thought it was A-OK to let soldiers kill you. Juneteenth is just a way to right one of the more bad ideas in the American experiment. Instead we have commenters who were buying tater chips and diet soda at Wal-Mart and got all butt-hurt because they heard someone who wasn't speaking English. I'm going to go fix a couple of frankfurters with salsa and guacamole and wash them down with a lager or three