The Latest Breaking News from Canoo

The rout in the financial markets raises questions about the ability of upstart companies to raise funds.

The EV space was broadly lower in the week ending May 13, although closing off their lows. The industry took cues from the broader market, which went through a steep sell-off early in the week before recovering on Friday. Market leader Tesla, Inc.

Canoo has a claimed 17,5000 orders racked up, which could be worth up to $750-million, but it may not actually get to start honoring these reservations.

 

Canoo, Inc.

Gainers

ORLANDO, Fla. — Astronauts during the space shuttle era got their rides to the launch pad at Kennedy Space Center for the most part from a classic converted Airstream dubbed the Astrovan. For the next generation, NASA has determined what its Artemis astronauts will ride in before blasting off to…

Deliveries begin in 2023.

This vehicle will fulfill the role of the old Shuttle era Astro van, to drive astronauts to the launch pad.

Investors have bet heavily hoping to find the next Tesla, but many EV groups are struggling to make the production process work

Despite a lingering global chip shortage, the electric vehicle industry’s growth prospects look promising due to robust demand and favorable government policies. Given this backdrop, Wall Street analysts expect low-priced EV stocks Canoo (GOEV) and REE Automotive (REE) to gain momentum soon. Read on.