Huge Rental Company Places Big Order With Tesla Rival

May wasn’t a very merry month for Canoo (GOEV) .

Back then, the electric vehicle company was in some serious trouble.

Canoo warned investors earlier in 2022 “that there is substantial doubt about the company’s ability to continue as a going concern.”

The company posted a net loss of $ 125.4 million for the first quarter, widened from $ 15.2 million in the first quarter of 2021. Canoo has also struggled to meet its production target for 2022.

There was some speculation that Apple (AAPL) might make a move on Canoo.


About the author


Leave a Comment