The business strategy wasn’t remotely proven though, it was still just an idea, no part of the car was designed yet. It was two people who had no idea how to design a car doing the groundwork to start a company working with Lotus and AC Propulsion and then a few months later it was three with Ian Wright lending some business work with the relationship between Lotus and AC Propulsion, then a few months later it was four with Elon who lent money and knew about as much about designing a car as the previous three, then a few months later it was five and they finally had a CTO at least.
The business strategy wasn’t remotely proven though, it was still just an idea, no part of the car was designed yet. It was two people who had no idea how to design a car doing the groundwork to start a company working with Lotus and AC Propulsion and then a few months later it was three with Ian Wright lending some business work with the relationship between Lotus and AC Propulsion, then a few months later it was four with Elon who lent money and knew about as much about designing a car as the previous three, then a few months later it was five and they finally had a CTO at least.