(Reuters) – Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged. Slowing demand in the United States and stiff competition from Chinese EV makers in the world’s largest auto market has hit demand for companies including Canoo. That has forced several startups […]
The very first bullet point in Canoo’s (NASDAQ: GOEV) third-quarter 2023 earnings release stated that the electric vehicle (EV) company had reached the “accelerating revenue generation phase.” That sounds great, and if you look at the income statement, it is clearly true. But there’s still one small nuance to consider if you examine the company’s […]
Shares of Canoo (NASDAQ: GOEV) have struggled lately as the company runs tight on cash, but there’s potential growth ahead. Shipments of vehicles have begun, and funding is being tapped from a variety of sources. In this video, Travis Hoium covers the risks and rewards for Canoo, which has a chance to be a top-performing […]