Elio Motors Facing Increasing Deficit With $123 Million Loss Reported To SEC

By Jon LeSage Elio Motors is facing a bleak financial picture and another delay, according to a news report.
Local news channel KTBS in Shreveport, La., reported that the three-wheel carmaker had $101,317 in cash and about $123.2 million in accumulated deficit as of Sept. 30, 2016. That came from a U.S. Securities and Exchange Commission filing, which showed a huge loss from the year before. According to the filing, the startup also reported having about $6.8 million in cash and a deficit of about $2.3 million as of Dec. 31, 2015.
KTBS also found a comment made by the company on its Facebook page

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