The recent news about Nikola (I refer to the old saying " in every rumor, there is at least a little bit of truth") harms the industry. In specific start-ups like us, where you always got two-day jobs on a 24/7 base, one is to motivate and push the team forward to execute your vision. The other one is fighting to convince investors to get all that financed. And you need to answer day by day the same questions, like "How much money are you going to make in 10 years, and can you please show me the numbers in detail."

In the early phases, it is pretty hard to raise a single dollar. You are in a very competitive environment where some guys are running around with super cool photoshops and polished excel sheets. It often turns out that those guys can convince more quickly by telling a story. Like fairy tales from thousand and one nights, and even the most challenging investors will buy it. For me, sometimes, it looks like real due diligence only exists as long as the money at discussion can be counted by hand.

WYSIWYG - investors should focus more on that IMO. There are companies out like Canoo or Fisker (and us! :)) who have built something to check in real, where you can "feel" the vision live