Oversell and underdeliver. Fraud works great until it doesn’t.
Oversell and underdeliver. Fraud works great until it doesn’t.
-A rocket made of steel
-Landing a rocket anywhere
-Landing a bigger rocket anywhere
-Landing a rocket on solid ground
-Landing a big rocket on the ground
and a lot of smaller things in between.
I read many plausible looking reports on the non-feasability of these things often came with the backing of professors at respected universities and they were all wrong.
Sometimes it goes the other way.
Tell stakeholders you're working on it. Tell them you're ahead of everyone else. Tell them that the experts are wrong. Tell them it's coming very soon. Update them on the details of your progress. Don't tell them it's done when it's not.
I'd really love that myth of SpaceX doing the impossible with landing rockets to die. Also because they don't have to, they were the first to do so. That alone is really impressive. Whether or not it is profitable is impossible to tell until SpaceX is publishing audited financials.
This is not unique in the industry to some extent but since SpaceX has no published audits competitors claim they overcharge the government.
That clear line is simply "are you telling a material lie about the present?" In Theranos' case, there were numerous instances when Holmes lied about the current capabilities of her company and its tech that she knew to be false. That is very different from making overly optimistic assessments about future capabilities.
Would love to hear any stories about a company that "faked it" when talking about their present day capabilities but we're able to "make it" before the fraud was discovered.
The use of exaggeration, vague, misleading and/or conflicting statements, labels, or depictions can really blur that line.
Determining whether a statement is a lie is not always a straightforward and undisputed process.
Tesla has delivered a performant EV that is nice to drive in and is comparable to other luxury vehicles. It's not exactly faking for quite some time.
... is listed today as an option when configuring any vehicle on tesla.com