I’m sure that the upcoming IPO gives Paul Elio and what remains of his team hope but I’ve said all along, getting to production was going to be a long shot for Elio Motors. After some boom years, the American passenger-vehicle market has slowed. Even when it was booming, the stock prices for the American automakers didn’t reflect that. Investors put their money elsewhere. Now that the overall market is shrinking, if investors are shying away from Ford, which made about $10 billion last year, I don’t see the market embracing Elio’s IPO.
Still, for a few weeks it appeared that Elio Motors was circling the drain but maybe, just maybe, this IPO will turn things around.