Hello AAult1040,
Cubase Elements 7 will do 48 mono Audio Tracks (24 stereo), 64 MIDI Tracks and 24 Instrument Tracks. However this is all contingent on the power and speed of the host computer. Are trying to track 16 tracks simultaneously? Also when you open Cubase is it showing up on boot up as LE 7 or Elements 7? I ask this because the Focusrite interfaces come with Cubase LE7, but it is expressed as Cubase LE/AI Elements 7. This often confuses people, but the reason it does that is because they are use the same software. The major difference is in what license you have activated in your eLicenser Control Center, which unlocks those features. If you have updated and activated your Elements 7 license, it should provide you those options. Cubase LE7 is capped at 16 mono tracks.