this post was submitted on 24 Jun 2026
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Yep. Seen this schtick a hundred times.
Now that the seal is broken on price hikes, it'll climb more and more. About the time it reaches double, the project will be canceled. Investors will be screwed, and some slimeball will run off with the cash just like he always planned to.
Just like all the other ones.
I'm not very familiar with this stuff, but it sounds terrible. When has this happened in the past?
https://en.wikipedia.org/wiki/Elio_Motors
https://en.wikipedia.org/wiki/Lit_Motors
https://en.wikipedia.org/wiki/Aptera_Motors
Here's a few. But there's more of these dating back at least to the 70s.
Canoo, Nikola, Bollinger...US EV startups have all been scams. Aptera has been scamming since 2009.
Well, Rivian and Lucid did okay. Tesla is an outlier.
BUT they didn't lead with a selling price. That's where my bullshit alarm goes off.
I'd be happy to be wrong on this one, but... The signs are there.