It's refunding twice as many deposits as it's taking in, according to Second Measure.
Elio's three-wheeled vehicle should get up to 84 mpg.
Elio Motors is offering a reservation bonus worth 50% of your money, up to $500 for a $1,000 non-refundable deposit.
Elon Musk responds to a poll where the majority of respondents say they'd place a deposit for a Tesla Model 3.
Tesla Model 3 may generate 100,000 reservations within the first 24 hours of availability.
Tesla will deliver the Model 3 to customers on the West Coast first, and reservations will open at the same time as the reveal on March 31. Some fans will wait outside Tesla stores to make sure they get their name at the top of the list.
If you think the fact that Elio Motors has taken 15,000 reservations for its high-MPG three-wheeler is something to scoff at, well, consider the fact that Honda sold less than 21,000 of its hybrids, plug-in hybrids and electric vehicles combined last year. But, if you think that the company's claim that the trike is cleaner than a year's worth of farts from a cow? Well, go ahead and scoff.
Our math says that there must be 71 people a day signing up for the Elio Motors super-fuel-efficient three-wheeled vehicle. Michigan-based Elio says it's surpassed the 10,000-reservation threshold for its car, which is slated to start production next year. About 6,300 had signed up as of the end of last year.