Elio to sell $100 million in stock; 3-wheeler price raised, production delayed, again (updated)

By [email protected] (John Voelcker) Entrepreneur Paul Elio’s concept for a simple three-wheeled car that would cost only $6,800 has now been with us for eight years. During that time, he has shown the car hundreds of times to diverse groups of people, taken tens of thousands of reservations, sold stock in the company, and suggested an EPA fuel-economy rating of 84 mpg highway. Elio…

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