Canoo Inc. (GOEV)
After hours:
- Zacks
EV Roundup: Quarterly Reports of RIVN, WKHS, SOLO, GOEV & RIDE in Focus
While Rivian (RIVN) and Lordstown (RIDE) post a narrower-than-expected loss in Q1, ElectraMeccanica (SOLO), Canoo (GOEV) and Workhorse (WKHS) incur a wider-than-anticipated loss.
- Bloomberg
After SPAC Mania, Electric-Vehicle Startups Face a Cash Squeeze
(Bloomberg) -- Two years into the SPAC merger boom for electric-vehicle startups, companies are having a tough time finding cash to actually produce cars.Most Read from BloombergTarget and Walmart’s Deep Pain Could Be Your GainWalmart Flashes a Warning Sign to the Entire Consumer EconomyPlotkin Shuts Melvin Hedge Fund Reeling From Redditor AttackStocks Suffer Steepest Rout in Almost Two Years: Markets WrapMusk Loses $12 Billion in a Day as He Tweets Politics, Slams ESGFirst Lordstown Motors Corp
- Motley Fool
Why Canoo Shares Tumbled Today
Specialty EV maker Canoo (NASDAQ: GOEV) reported its first-quarter financial update last night, and it gave investors a warning they didn't want to hear. The drop extended the stock's downward trend this year, with it dropping over 35% in just the last month. Rather it was a warning in the company's Securities and Exchange Commission (SEC) filing.
