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> Unlike Tesla and the never-ending $TSLAQ "Tesla is nothing but fraud" I think the problem is people don't understand what fraud is. Fraud does not mean fake
by tenpies 6y ago
> Unlike Tesla and the never-ending $TSLAQ "Tesla is nothing but fraud"
I think the problem is people don't understand what fraud is. Fraud does not mean fake. A company can have products and still be a fraud. A CEO can lead a multi-billion market cap company and still be a fraud.
In fact the most successful frauds rely on having a real semi-viable company built around the fraud because it becomes easier to perpetuate the fraud.
Nikola was on that path too. How far would it have gotten without the vehicle demo? Without the factory? In there, there's quite likely the seeds of a viable company, but they did not achieve escape velocity (e.g. sheer cash reserves, cult of personality, and share price) fast enough to keep the press away from fraud.
If financial journalists were as vicious with other companies that the short seller community has mountains of evidence against, then half the Chinese companies on the US markets would be gone.
- nickik 6y agoBut there were no legitimate reasons to believe that Tesla committed any kind of fraud.