Dubuc Motors Calls Itself Tesla’s Cousin In Latest Public Offering Release

6 months ago by Eric Loveday 7

Dubuc Tomahawk Fully-Electric Supercar

File this under the category of trying to make it big on the backs of Tesla…

Dubuc Tomahawk prototype

Dubuc Motors, makers of the fully electric Tomahawk supercar, calls itself Tesla’s cousin in a recent press release announcing its “public offering.”

Here’s the headline from the release:

Tesla’s Cousin, pioneer of revolutionary public offering

As far as we can tell, Dubuc has no direct connection with Tesla, so the use of the automaker’s name is kinda odd. Anything for some extra publicity, right

The “public offering” part of the press release is actually more or less crowdsourcing that’s now allowed by the SEC under a “Regulation S offering with a Regulation A under Title IV of the JOBS Act, Regulation A+.” Not about to explain how that works, no do we any clue really.

Here’s the press release in its entirety. There’s no other mention of Tesla in the release, just in the eye-catching title:

Tesla’s Cousin, pioneer of revolutionary public offering

Dubuc Motors is Crowdfunding its Electric Cars following SEC qualification

MENLO PARK, CA, /PRNewswire/ – Dubuc Motors Inc. (Dubuc Motors), the company behind the Tomahawk – the world’s first 2+2 electric sports car, announces the live offering phase of its equity crowdfunding campaign after the qualification of its filing with the Securities and Exchange Commission (SEC). The company has received over $6MM of indicated interest and is now the first to jointly conduct a Regulation S offering with a Regulation A under Title IV of the JOBS Act, Regulation A+.

Dubuc Motors can now sell equity shares to accredited and unaccredited investors through its website (www.dubucmotors.com), allowing for people to invest as little as $200 in the United States as well as internationally.

“People have embraced the idea that the Tomahawk, although an exotic sports car, can be as practical as a sedan,” said Mike Kakogiannakis, co-founder of Dubuc Motors. “We have been pleased with the response from the crowd. It’s exciting to see a community of game changers and trend setters jump on board as shareholders of our company early on.”

The 370-mile range Tomahawk caters to a unique audience which accommodates the big and tall, seating drivers up to 6’5″ comfortably. Additional features such as rear seats and trunk space add utility, making the Tomahawk an everyday luxury sports car. The Tomahawk is now available for reservation with a $5,000 deposit on the company’s website, first deliveries are expected in 2018.

About Dubuc Motors:

Self-funded since the company’s launch in 2013, the founders have spent 13 years in research and development to create luxury vehicles that merge automotive power and technology with sustainability. The company is focused on providing electric vehicles within niche markets of the automotive space. Its introductory model, the Tomahawk features top quality performance, going 0-60 mph in 3 seconds while offering a luxury sports vehicle experience that is sleek yet spacious, and Mother Nature-approved. The company will be a low volume manufacturer, with an expected production of up to 1,500 units per year.

For more information or to commit funding on the equity crowdfunding campaign, please visit www.dubucmotors.com

Regulation A Disclaimer:

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that Dubuc Motors may make sales of the securities described by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement from: https://www.sec.gov/Archives/edgar/data/1688361/000168836117000008/dubform1a-02212017.htm

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. You should read the offering circular before making any investment.

Forward Looking Information:

This press release contains forward-looking statements, which include, but are not limited to, statements concerning Dubuc Motors and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, as more fully described in the offering circular. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

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7 responses to "Dubuc Motors Calls Itself Tesla’s Cousin In Latest Public Offering Release"

  1. CLIVE says:

    Sure sure sure….

    Why not.

  2. ffbj says:

    Probably more in common with the FF 91.
    Maybe a cousin of Tesla twice removed.

  3. William says:

    I was not aware that the Tesla model S and X have coat tails, that can be ridden during cash fleecing events (capital raise). This is like Fraudaday Future, except without the FF Batmobile initial launch.

    1. Pushmi-Pullyu says:

      From Merriam-Webster.com:

      Definition of coattail

      1: the rear flap of a man’s coat

      2 coattails plural: the skirts of a dress coat, cutaway, or frock coat

      3 coattails plural: the influence or pulling power of a popular movement or person (as a political candidate) congressmen riding into office on the president’s coattails

      * * * * *

      Certainly Tesla’s media presence has coattails, which is why every single new EV startup mentions Tesla in its press releases. In formal logic, this is known as the fallacy of “honor by association”.

      Even if using Tesla’s name to attract attention doesn’t necessarily make a startup more attractive to any individual investor, it certainly gets the startup more attention, including more attention from potential investors. So in that sense, there seems little doubt that a wannabe startup invoking Tesla’s name does help them attract investment money.

      But a wannabe EV startup calling itself a “cousin” of Tesla is a new one on me! It reminds me of the euphemisms used in Victorian times, in which a gentleman might introduce a courtesan currently accompanying him as his “cousin”, and others would pretend to believe the polite fiction. In that sense, it may well be that Dubuc in trying to ride Tesla’s coattails does qualify as being a “cousin”. 😉

      * * * * *

      And so do his sisters, and his cousins, and his aunts!
      His sisters and his cousins,
      Whom he reckons up by dozens,
      And his aunts!

      — “H.M.S. Pinafore”, lyrics by W.S. Gilbert

  4. Bonaire says:

    The EV revolution will contain many failed companies, just as the carmakers who jocked for introduction in the early 20th century. This sounds like one more of them.

  5. Looks more like they are trying to pull a quick one.

    1. ffbj says:

      If you are trying to use American slang it’s pull a “fast” one.

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