Where do companies like this get their money? Another one I was recently surprised to still see ticking is Nikola. Who is giving all these people money? Where is the money coming from?
I believe Nokia’s handsets are now made under license by HMD global (some Chinese holding company). They also make a number of non consumer products like mobile base stations which you might have even used recently. Magic Leap on the other hand is more of a
Money laundering/ego laundering scheme than a business.
The company is Nikola, an EV company more famous for the founder creating a gravity powered smoke and mirror show than for any actual products.