lescol
Age: 36
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Tucker Car
Famously called the “Tucker Torpedo,” the Tucker car was made just after World War II by policeman-turned-carmaker Preston Tucker. It had several previously unseen features including a windshield that ejected during an accident, a third headlight that turned in the direction that the car turned, and a sleek design that made it look like the car was moving even when it was parked.Due to the politics of the day, only 51 units of the car were made before production was canceled and the Tucker car company was liquidated. It all began when Preston Tucker leased a production facility from the War Assets Administration. They ordered him to raise a certain amount of capital before a particular date, or they would reclaim the facility from him. Tucker, who did not want partners in his business, raised the funds by selling dealership rights even though the car didn’t exist yet. This caused the SEC to begin an investigation into his company. Tucker got the SEC off his back and managed to launch an unstable prototype nicknamed the “Tin Goose.” Afterward, he began selling stock in his company. But he didn’t raise enough money to begin production, so he began selling accessories for the unmade car. This led to another round of investigations by the SEC and the Department of Justice. Tucker, along with some of his partners, went on trial for fraud and the violation of SEC regulations. The trial focused on the highly unstable Tin Goose prototype while the 50 better vehicles that Tucker had made for the market were deliberately ignored. Although Tucker and his partners were later found innocent, it was too late to save the car and the company.
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