Elio Motors has just pulled its IPO, per SeekingAlpha, a shocking move for, wait, no, a not shocking move for America’s sketchiest car company. It has only been a day since the once-hyped company pivoted to crypto currency and nothing is off the table.
What was the sweet, sweet influx of funds that got Elio to ditch this plan? That Rock of Gibraltar, crypto currency. Also $2.5 million from Overstock.com, which is somehow still a thing.
Don’t let that dream of a three-wheeled demi-car with a not-a-Geo engine die. It’s totally gonna happen, y’all.