I still don't understand where you are coming from and maybe that's where we leave it.
For the record.
1) No way was I a fan of Holmes. The Wiki story was very clear that she was essentially a promoter and a fraud from the beginning. The concept of getting hundreds of test results from a small thumb prick was fundamentally impossible.
2)
I highlighted the current crisis with Nikola because it raised the issue of fraud in business and in particular the stock market. From my perspective far too much money has been made through the stock market by creating vapourware and ramping implausible and often impossible projects. If these frauds aren't quickly detected and stopped I suggest honest enterprises will suffer and essentially the profits will end in the hands of conmen and grifters.
It is simply far eeasier and less risky to make billions of dollars from spruiking dodgy companies than actually making and selling a worthwhile product.
3)
Elon likely stole every idea ? That is just snide. He of all company heads has a strong suit in coming up with imaginative ideas and then finding the people who can make them happen.
The Hindenberg report on Nikola is extensive and detailed. It also manages to highlight may other people who have constructed backstories to create faith in their current Big Lie.
Our Conclusion: Nikola is a Massive Fraud Constructed on Dozens of Lies
Sometimes people misspeak by accident. No one has a perfect memory, and we all occasionally get things wrong.
But what we have witnessed at Nikola, and specifically from Trevor Milton, is a pattern of well-planned and deliberate acts of deception ranging from (a) the staging of non-working products as if fully functional, wrapped in numerous lies about capabilities that don’t exist; (b) the staging of misleading videos, which require extensive premeditation, planning and execution; (c) material lies about capabilities, partnerships and products that simply do not exist at all, on video and often in front of entire rooms full of people; and (d) a culture of secrecy and intimidation that to this point has largely kept it all under wraps.
We think Trevor Milton is incapable of telling the truth. We believe he lies like most people breathe. It is natural for him, and our extensive review of his history suggests it has been this way throughout his entire business career.
Every now and then a story comes around that exposes how little the “experts” really know. Theranos had inked partnerships with Walgreens, Safeway, and Cleveland Clinic and had staffed its board with luminaries. Madoff raised billions in capital from sophisticated investors across the globe.
The remarkable thing about Nikola’s story is not that someone like Trevor Milton exists, but that he has managed to parlay his stories and lies into deals with some of the best manufacturers and partners in the world by claiming to own vast proprietary technology and having successfully built revolutionary products that simply didn’t exist.
He transformed these deceptions and false promises into an empire that at one point was
valued at $34 billion, larger than
Ford and Fiat Chrysler. He’s signed deals with GM, Anheuser Busch, Bosch, Worthington, and a slew of significant automotive players. He received investment from Fidelity and ValueAct, among other name-brand institutions.
We truly think Nikola is both a sign of the times and a story for the ages.