Q:

Can you buy stock in Elio?

A:

Quick Answer

As of 2015, Elio Motors is a privately held company accepting investments from accredited investors under the U.S. Securities and Exchange Commission section 506c, states the company. Accredited investors have a $200,000 minimum annual income for the past two years or a net worth of $1,000,000, not including their homes.

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Full Answer

Entities must meet a separate set of requirements, and investors must invest at least $15,000, notes Elio Motors. Once the company verifies that an individual or entity is an accredited investor as defined by the Securities and Exchange Commission, the company sends the investor a Private Placement Memorandum for consideration. Elio Motors plans to produce American-made, affordable, fuel-efficient, three-wheeled automobiles.

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