Elio Motors(OTC) ELIO

Elio Motors, Inc. is an automotive enterprise focused on developing an innovative three-wheeled vehicle designed for high fuel efficiency. The company aims to revolutionize personal transportation with a projected fuel economy of 84 miles per gallon, targeting widespread production in the United States.

Products and Services

• Development of a three-wheeled vehicle for personal transportation
• Focus on high fuel efficiency and affordability
• Comprehensive vehicle creation process from design to sales

Growth Outlook

• Projected production of the Elio vehicle aims to meet consumer demand for fuel-efficient options
• Strong market interest in alternative transportation solutions supports growth potential
• Innovative design and engineering may attract investment and partnerships

Financial Highlights

• Recent quarterly net income reported at -$5.2 million
• Trailing twelve months show a consistent operating loss
• Cash and short-term investments totaled $100,350 as of June 30, 2021

Elio Motors, Inc. is positioned in the automotive industry with a unique offering that addresses the growing demand for fuel-efficient vehicles. The company's focus on a three-wheeled design aims to provide an affordable and environmentally friendly transportation option. Despite facing financial challenges, including operating losses and a negative net income, the potential for growth remains significant, driven by market interest in innovative transportation solutions. The recent financial data indicates a need for strategic planning to enhance cash flow and operational efficiency. Investors may find the company's commitment to developing a distinctive vehicle appealing, as it seeks to carve out a niche in the evolving automotive landscape.