When Bev Hargraves first saw Elio Motors' three-wheeled car prototype in 2013 – a tandem two-seater that promised 84 miles per gallon – he saw it as the perfect way to save money on fuel while driving to play in amateur golf tournaments.

Hargraves, an insurance salesman from Little Rock, Arkansas, placed a $1,000 deposit on the Elio, which was advertised for less than $7,000.

Eight years later, he still hasn’t gotten his vehicle – and he hasn’t gotten his money back, either.

Hargraves, 70, says he can't help but “wonder if it was a scam to start with” rather than just a company struggling to reach production.

After securing more than 65,000 reservations totaling tens of millions of dollars, Elio Motors went silent in 2018, saying virtually nothing for three years until USA TODAY began looking into the company this summer.

Despite promising to begin vehicle production as soon as 2014, the company has repeatedly failed to get off the ground at its factory in Shreveport, Louisiana, a former General Motors property. It has never sold a single vehicle.

In early September 2021, the Phoenix-based company broke its silence by announcing it was pivoting to a $15,000 electric version of its car. Production, it said, is expected to begin in 2022. But it has not identified a viable path toward raising the hundreds of millions of dollars it says it needs to get there.

At the same time, the company warned in a filing with the Securities and Exchange Commission that there’s “substantial doubt” about its ability to stay afloat.

[Paul Elio is] Selling refurbished cars in Phoenix. That's the latest news. News before that, they lost the plant as it's being fully leased out to a few other companies.

Where it stands today. Keep the website up and keep the LLC current. Then when the phone rings at Pauls refurbished used car dealer, it just might be Bill Gates on the other end. From there they can talk to Solo or Arcimoto and contract them to build the Elio-E. Both have lots of excess space to build something. They just need a customer. Once that happens and they make enough of the Elio-E, they will start making the Elio-G and fulfilling their obligation for the 65K reservation holders. With the locked in price people got back in the day, it'll be a smokin' deal come 2050.

So Paul needs your support, he has these for sale and would like to talk to the reservation holders for a good deal he can give you. The more he sells, the more he makes and can fund Elio Motors.
https://www.autotrader.com/car-dealers/ ... ales#sales

The New Elio Motors 3.0. Contact info and the address is on the website. Come on down, best deal ever. Plus Paul can tell you in person, what he has going on when it comes to the funding. I do know, it'll happen soon.
https://www.renewautoaz.com/

So, it looks like that everything is working out.