You could argue that Theranos was a more insidious scam; they actually made it sound like their tech worked and then spent $$$$ trying to make it work but never stuck with any project long enough to bring it to fruition.You know what is strange .. My cousin was dispatched to Theranos at the beginning of the year, before everything shut down. I am not sure why they would need additional process piping at their Palo Alto facility. He did not watch the Out for Blood documentary until after the job was finished.
WSJ's John Carreyrou on how disgraced entrepreneur nearly got away with it
NKLA of course just used photoshop, a shovel, and gravity. Its unclear that they had any real plans to make ANY of their projects actually work.
What got me to buy back my puts in Aug was when I read that their only income is having the "engineers" install solar at Trevor's ranch. if this was a legit company, those "engineers" could have made Trevor more money by working on any of their vehicles, building a factory, building the hydrogen infrastructure, etc. But nope. They worked on feathering his nest as the best use of their "expertise" and "time". THAT is a clear example of hubris as he didn't think anyone would notice.