Elio Motors is moving closer to realizing their vision to produce “the Ultimate Commuter Vehicle”, an 84-MPG, three-wheeled, tandem two-seater with a targeted base price of just $7,450.  The Arizona-based company hosted a supplier engagement meeting last week to provide updates on the vehicle’s development, including the current plan to begin production 76 weeks after completion of the company’s proposed Security Token Offering (STO). Elio’s funding and retail strategies got a boost last month, when Overstock.com agreed to purchase $2.5 million of newly-issued common stock, and expressed the intent of using their Overstock Cars online portal to help deliver the vehicle to consumers.