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0 pointsjustapassenger5y ago0 comments

> It's not fraud because I don't buy your claim that it was a fake product presentation solely to gain acquisition support and the article you link doesn't even support that.

"Shareholders also allege in the suit that Musk planned the unveiling of a product that didn’t yet function"

This allegation is based on what they already admitted to:

"Still, the company does acknowledge that the demos Musk unveiled at Universal Studios were not functional" [1]

> "Some products" - they've sold hundreds of thousands of cars, built out a supercharging network, and a battery factory, while also making progress on autonomous driving at the same time. They were the first to prove this market against enormous odds and constant negative press.

Tesla did a lot of good stuff, I'm not denying it, and they've made EV cars desirable for certain people. But it doesn't change the fact, that their operating mode is "fake it till you make it". And they sometimes do, often don't. They also "had" coast to coast self driving car since 2017, battery changing, alien dreadnought factory, with robots speed limited only by air resistance, panel gaps that are snake chargers, 620 miles range in 2017, 500k model 3 per year in Fremont, ventilators production, etc, etc.

> Nikola has produced nothing but bullshit. I think the Tesla stock is crazy right now and I also think Elon's timelines are often unrealistic, but the amount of anti-elon anti-tesla sentiment in the face of success after success against enormous odds is wild to me.

Because Elon and Tesla is massively overpromising. To point, that they're straight up lies.

Do they deliver some good stuff in the end, and have areas where they actually have technology advantage? Often they do, yeah. But that doesn't make up for the fact, that their business is build on hype and overselling their abilities in all the areas.

[1] https://www.fastcompany.com/40422084/inside-steel-pulse-the-...

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rusticpenn5y ago

When Dropbox was presented to the VCs, I think it was just a powerpoint. Does that mean that it was fake ( according to your logic). Musk is just using standard startup methods used in modern startups.

pas5y ago

It all depends on what the actual claim is. If Dropbox said look we did the math, did some ghetto-testing with mockups and an IT guy up-downloading your stuff in the background using ssh and sftp and hardcoding the filenames into todd.html and jane.html, and we think it'll be amazing, give muniz kthxbai. That's okay.

If did a demo with that method while claiming that it's the real thing running on 100 servers already with thousands of users ... well, that would be fraud.

What Musk communicated (said, implied, gesticulated, telepathed) at that demo regarding Solar Roof? He mentions production process, implying that it's real. He talks a lot about an integrated future, blabla. Is it a concept unveiling like what automakers do each year that then becomes nothing? Well, not exactly after all they take deposits for it. But "obviously" it's dumb. Having so many small tiles just kills cost efficiency. (Because every tile basically has a panel and needs a small connector, makes roofing slower, etc.)

I'm fairly sympathetic to the claim that all these startups are big piles of BS .. but at the same time it's not like they are so different from what other companies pull off as business-as-usual. See Google's demos that then go nowhere. See how phone and laptop makers over-promise and then constantly under-deliver, let's say with regard to battery capacity and life. Or game companies releasing trailers and doing demos at E3 and then years later the product is nowhere near finished and eventually the finished looks much worse.

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rusticpenn5y ago

pas5y ago

If did a demo with that method while claiming that it's the real thing running on 100 servers already with thousands of users ... well, that would be fraud.

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