They even named the company to evoke Tesla and form an impression that they competing with them. This is a pure scam but now they have enough money to legitimize themselves. This is actually a great outcome for their investors, the CEO takes the blame and the company becomes legit. Just sad that this is accepted as normal. I will not be surprised if the stock sky rockets tomorrow.
10 billion market cap sound like a good evaluation for a company founded on complete fraud. The car experts at GM will probably give them another billion