Elio Motors, Inc. engages in the designing, developing and manufacturing of three-wheeled vehicles. The company is headquartered in Phoenix, Arizona. The company went IPO on 2016-02-18. The firm is in the process of designing a three-wheeled vehicle for mass production in the United States. The company has designed front engine, front-wheel drive, two-seat, gasoline-powered vehicle, with approximately two wheels in the front and one wheel in the rear-the Elio. The firm offers various body color options, such as Rocket Silver, Sour Apple, Creamsicle, Red Hot, True Blue, Licorice and Marshmallow. The Elio engine is an inline 0.9-liter combustible three-cylinder engine, which has been custom-developed for the Elio application. Its vehicle is designed to have functional features, such as air conditioning, heat, Amplitude Modulation/Frequency Modulation (AM/FM) stereo, power windows, power door lock, airbags, auxiliary port(s), anti-lock brakes, and traction control. Elio will also have options, such as rear view/backup camera, remote engine ignition and navigation and Web radio.
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As of August 2026, Elio Motors Inc ELIO is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Elio Motors Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Elio Motors Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Elio Motors Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Elio Motors Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Elio Motors Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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