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> I think it's mostly informed by hindsight Well... yes, simply because hindsight usually provides evidence while foresight provides guidance. So while I agree

> I think it's mostly informed by hindsight Well... yes, simply because hindsight usually provides evidence while foresight provides guidance. So while I agree with your points, and as much as I dislike Musk (a criminal who's crimes are overlooked because of his status), your case pivots on the assumption that they're certainly faking it, just weren't caught yet. And you could be right. But so could Scientology. The fact that Tesla is delivering what we can easily verify with our eyes at the very least puts them in a vastly different league from Wirecard. Tesla could be a unprofitable business like so many others. But Wirecard wasn't just a failing business, it was massive scale fraud and nothing it left behind still proves useful and can provide value now.

Pyramus 5y ago
That is simply not true. The majority of Wirecard has been sold in the insolvency proceedings, e.g. the payments platform is still in use today! (Interestingly still using the domain wirecard.de!) The liquidation price was nowhere near its market value and their technology was nowhere near as innovative - both points that are also true for Tesla. Again, don't be led astray by the fact that Tesla is making physical products that you can see. On a different note I don't think of corporate fraud as something that brings you from 0 to 1 - it's more akin to cheating in sports. It will give you a competitive edge, an unfair advantage. If you are interested there is an interview with the CFO of Enron about legal fraud on Youtube - highly fascinating.