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Being late does not make you a fraud. Tesla does have a real team working on self driving hardware and software and they're shipping it inside cars. It's not

by kanox 6y ago

Being late does not make you a fraud. Tesla does have a real team working on self driving hardware and software and they're shipping it inside cars. It's not clear that Nikola has much more than powerpoint. They got a lot of impressive-sounding partnerships going but so did Theranos.

itsoktocry 6y ago
>Being late does not make you a fraud. Then you can literally say anything and claim "just not yet!". Amazing people say things like this with a straight face. >It's not clear that Nikola has much more than powerpoint. Nikola has real teams working on real things, too. They are just nowhere near where they claim to be.
- 52-6F-62 6y ago
  > Then you can literally say anything and claim "just not yet!". To play a little devil's advocate, then... Wouldn't that put most startups and Silicon Valley into the "fraud" camp? Net positive revenue is always coming and funds are continuously raised on that promise...
- valuearb 6y ago
  When did Elon fake a video of a Tesla autonomously driving cross country?
- kanox 6y ago
  It's extremely common across all industries for projects to be late or underdeliver. How can you claim with a straight face that this is the same as fraud? > Nikola has real teams working on real things, too. Their technology claims are all over the place and includes a large lineup of electric and hydrogen-powered vehicles that would be impressive even for GM and Ford. I don't think their leadership plans to deliver all of any of those vehicles. Insiders (including Trevor Milton) have cashed out already and it looks more like a pump-and-dump scheme than a real business.
- jryle70 6y ago
  > Then you can literally say anything and claim "just not yet!". > Amazing people say things like this with a straight face. Then literally everyone who claims breakthrough in fusion, new energy, medicine, AI, robotics, supersonic travel, would qualify as fraud. Fusion has always been X years away after all. You've just also described many space projects, notably JWST and SLS. Granted, I'll give you SLS. [0] - https://en.wikipedia.org/wiki/James_Webb_Space_Telescope https://en.wikipedia.org/wiki/James_Webb_Space_Telescope [1] - https://en.wikipedia.org/wiki/Space_Launch_System https://en.wikipedia.org/wiki/Space_Launch_System > Nikola has real teams working on real things, too. They are just nowhere near where they claim to be. The trouble is Trevor didn't just say "just not yet!". He insisted that the Nikola One on stage at their Dec 2016 presentation is real, with this vivid description: "I don’t want someone to end up doing something and driving this truck off the stage…so we’re going to try to keep people from driving off. But this thing fully functions and works, which is really incredible."

by kanox 6y ago

itsoktocry 6y ago

>Being late does not make you a fraud. Then you can literally say anything and claim "just not yet!". Amazing people say things like this with a straight face. >It's not clear that Nikola has much more than powerpoint. Nikola has real teams working on real things, too. They are just nowhere near where they claim to be.

52-6F-62 6y ago
> Then you can literally say anything and claim "just not yet!". To play a little devil's advocate, then... Wouldn't that put most startups and Silicon Valley into the "fraud" camp? Net positive revenue is always coming and funds are continuously raised on that promise...
valuearb 6y ago
When did Elon fake a video of a Tesla autonomously driving cross country?
kanox 6y ago
It's extremely common across all industries for projects to be late or underdeliver. How can you claim with a straight face that this is the same as fraud? > Nikola has real teams working on real things, too. Their technology claims are all over the place and includes a large lineup of electric and hydrogen-powered vehicles that would be impressive even for GM and Ford. I don't think their leadership plans to deliver all of any of those vehicles. Insiders (including Trevor Milton) have cashed out already and it looks more like a pump-and-dump scheme than a real business.
jryle70 6y ago
> Then you can literally say anything and claim "just not yet!". > Amazing people say things like this with a straight face. Then literally everyone who claims breakthrough in fusion, new energy, medicine, AI, robotics, supersonic travel, would qualify as fraud. Fusion has always been X years away after all. You've just also described many space projects, notably JWST and SLS. Granted, I'll give you SLS. [0] - https://en.wikipedia.org/wiki/James_Webb_Space_Telescope https://en.wikipedia.org/wiki/James_Webb_Space_Telescope [1] - https://en.wikipedia.org/wiki/Space_Launch_System https://en.wikipedia.org/wiki/Space_Launch_System > Nikola has real teams working on real things, too. They are just nowhere near where they claim to be. The trouble is Trevor didn't just say "just not yet!". He insisted that the Nikola One on stage at their Dec 2016 presentation is real, with this vivid description: "I don’t want someone to end up doing something and driving this truck off the stage…so we’re going to try to keep people from driving off. But this thing fully functions and works, which is really incredible."