[Yo-Yo]

Not a flying car, an air taxi.

They were working on an electric aircraft that could take off and land vertically like a quad copter, fly horizontally like a conventional aircraft, and take passengers from point A to point B flying over the traffic.

[citizen]

For that sort of deal, they should have privately funded and designed a working prototype first. Make sure the damn thing would function areodynamically and automatically!

Then do a start-up.

[Boogieman]

“They were working on an electric aircraft...”

So it was a plan to bilk investors all along then.

[lewislynn]

They were working on an electric aircraft that could take off and land vertically like a quad copter, fly horizontally like a conventional aircraft, and take passengers from point A to point B flying over the traffic.

So which is supposed to be the genius part again? They need more offices, more employees or a battery powered Osprey that won't crash?

The Osprey is a prime example of trying to defy logic with wishful thinking.