Elio Motors Ord Shs (ELIO) Stock Price & News

Elio Motors was a company founded by Paul Elio in 2009, to design and manufacture a three-wheeled, enclosed autocycle. Elio collected deposits from customers of more than US$28 million during 2013–2018, then went silent for three years before filing with the Securities and Exchange Commission in September 2021 that there was "substantial doubt about its ability to stay afloat." Since 2009 concept, the company illustrated and repeatedly delayed a release date for its original gasoline-powered vehicle, and pivoted to an electric-powered concept in 2021. As early as 2015, The New York Times noted Elio Motors was selling "spots on the waiting list — and, more broadly, a dream." Elio was fined $7.5 million for failing to create promised jobs in Louisiana — and as of May 2022 had not neared production. By 2024, the company website became inactive. Wikipedia

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