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A comment on We View Nikola’s Response as a Tacit Admission of Securities Fraud. Parent comment

Re:We View Nikola’s Response as a Tacit Admission of Securit... by lacker on Tuesday September 15, 2020 @10:53AM (#24481864)
The main difference is that I can drive around in a Tesla and it seems like a pretty nice car. I don’t own one but it can’t really be a hoax at this point.
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by sg47 on Tuesday September 15, 2020 @11:07AM (#24482013)
You can do that on a Nikola too. You need to start in a hilly area and ensure that you are going downhill. Nikola leverages gravity to deliver a form of transportation that uses the cleanest possible energy - gravity.
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by revscat on Tuesday September 15, 2020 @11:30AM (#24482365)
And using its super advanced HTML5 machine learning and Nikola's patented "3rd Law 2.0", it takes that gravity and stores it in a regenerative fuel cell in the battery for energy. It does this by redirecting existing inertia into the forward dampeners!

So cool.

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Re:We View Nikola’s Response as a Tacit Admission of Securit... by voxic11 on Tuesday September 15, 2020 @11:30AM (#24482368)
no Nikolas have been delivered to customers, so no you cannot do that.
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by DobryMorozov on Tuesday September 15, 2020 @03:18PM (#24485547)
Technically, from their SEC financial statements, they recorded $36,000 in revenue from installing solar panels at Trevor Milton's house. He couldn't let it be zero!
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by hn_throwaway_99 on Tuesday September 15, 2020 @11:59PM (#24489421)
I thought you were joking, but holy shit it's true!

Made me curious if there are any "pre-revenue" startups (let's say revenue < .5% of expenses) that IPOed and didn't eventually collapse. After all, it is a particularly ballsy move to IPO without any actual revenue, never mind profits.

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Re:We View Nikola’s Response as a Tacit Admission of Securit... by sg47 on Tuesday September 15, 2020 @11:36AM (#24482448)
Please use imagination till delivery.
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