If Theranos ultimately produced equipment that did what the demo demonstrated, would this demo then be fraud, or not?
That's a legit question.
Where is the hard demarcation between 'fraud' and 'controlled demo'? Because the ability to follow through with something is fairly intangible.
Tesla could have gone bankrupt at several points. Would that have made some of Musk's unfulfilled claims (and actual unfulfilled orders) a form of fraud?
I think Theranos is effectively a fraud, but I think it's also based on a kind of self-delusion derived from what is otherwise kind of common activity.
It would be ideal to have maybe a bit of regulatory concern over this for medical devices, i.e. if you can't make anything up in a demo, anything hidden amounts to a material lack of disclosure of something serious.
> Tesla could have gone bankrupt at several points. Would that have made some of Musk's unfulfilled claims (and actual unfulfilled orders) a form of fraud?
I think there is a pretty clear difference between non-performance due to bankruptcy (which is essentially "we haven't been able to make the tech work profitably and have run out of money") and bankruptcy due to non-performance ("we've run out of money because we haven't been able to make the tech work").
Not sure if I agree. Tesla would have run out of money essentially trying to make the 'tech work' i.e. a truly viable electric car for the masses i.e. right price point, range, quality etc..
That's a legit question.
Where is the hard demarcation between 'fraud' and 'controlled demo'? Because the ability to follow through with something is fairly intangible.
Tesla could have gone bankrupt at several points. Would that have made some of Musk's unfulfilled claims (and actual unfulfilled orders) a form of fraud?
I think Theranos is effectively a fraud, but I think it's also based on a kind of self-delusion derived from what is otherwise kind of common activity.
It would be ideal to have maybe a bit of regulatory concern over this for medical devices, i.e. if you can't make anything up in a demo, anything hidden amounts to a material lack of disclosure of something serious.