Elio Motors Defends Its Delays To Shreveport, Louisiana via @forbes http://www.forbes.com/sites/debraborchardt/2016/10/28/elio-motors-defends-its-delays-to-shreveport-louisiana/#63992e166eda
Is Elio Motors a scam trying to take as much government money from Shreveport, Louisiana as it can? Or is it legit?
84 miles a gallon, less then $7,000 and 1,500 new American jobs. It seems too good to be true... Just like Solyndra.
Solyndra wasn't a scam, it was a startup that failed, as many startups do. Elio is also a startup and who knows whether it will fail? It's a concept for something that might work in the market, or might not. A small, underpowered and unrewarding car that's low cost and high mileage isn't impossible. The question is whether it will work and they can mass-produce it for the cost they claim.
Even if the car is technically feasible, there are a ton of things that can go wrong with a car company. Can they get the capital they need? Can they get suppliers who will get them all the parts and materials they need? What about labor problems, environmental issues, siting issues, safety issues? And all that's before they even start selling the cars. Will consumers buy them? Will they like them? Can they build an effective distribution system? Will someone get in a crash and sue the company? In any company's fledgling years, it's very easy for them to get derailed.
The thing is, though, every new company goes through things like that, and a lot of new technologies seem too good to be true. I don't think this is a scam (though I don't have access to enough information to say for sure). But even a fully honest company can fail. Only time will tell whether this is the next big thing, or just another failed company with big dreams.\
We'll see. They've been in the news, but I live near Shreveport, and I have yet to see a test model driving around. It sure would be nice, though.
Is Elio Motors a scam trying to take as much government money from Shreveport, Louisiana as it can? Or is it legit?
84 miles a gallon, less then $7,000 and 1,500 new American jobs. It seems too good to be true... Just like Solyndra.
Solyndra wasn't a scam, it was a startup that failed, as many startups do. Elio is also a startup and who knows whether it will fail? It's a concept for something that might work in the market, or might not. A small, underpowered and unrewarding car that's low cost and high mileage isn't impossible. The question is whether it will work and they can mass-produce it for the cost they claim.
Even if the car is technically feasible, there are a ton of things that can go wrong with a car company. Can they get the capital they need? Can they get suppliers who will get them all the parts and materials they need? What about labor problems, environmental issues, siting issues, safety issues? And all that's before they even start selling the cars. Will consumers buy them? Will they like them? Can they build an effective distribution system? Will someone get in a crash and sue the company? In any company's fledgling years, it's very easy for them to get derailed.
The thing is, though, every new company goes through things like that, and a lot of new technologies seem too good to be true. I don't think this is a scam (though I don't have access to enough information to say for sure). But even a fully honest company can fail. Only time will tell whether this is the next big thing, or just another failed company with big dreams.\
We'll see. They've been in the news, but I live near Shreveport, and I have yet to see a test model driving around. It sure would be nice, though.