Elio Motors’ scam worries rise after recent woes
Elio Motors, the upstart three-wheel vehicle manufacturer, continues to attract potential buyers willing to place a deposit for an economic and performance wonderment that hasn’t been built. In September, according to the company’s website, more than 34,000 people have pre-ordered the vehicle with a variety monetary commitments, $100 to $1,000, to purchase the proposed $6,800 vehicle. Three months ago, the deposit list total was 28,000. Paul Elio, the company CEO, believes Elio Motors is getting closer the financial goal to make good on his proposed hiring of a production staff of around 1,500 to assist in the car’s manufacture starting
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