EV startup Canoo might go out of business before a single vehicle ships

Subsequent time someone tells you that Tesla requirements much more competitors, tell them that bringing a new EV to sector — especially one production in the US, is no easy feat, as all-electric powered van startup Canoo discovered this 7 days.

The business, started in 2017, announced initial quarter success yesterday, and there are some alarming aspects. 

There are alot of significant figures and complex conditions for people of us devoid of a diploma in finance or accounting. But let us acquire a glimpse at who Canoo is, its choices, and what its financial woes may mean for the company.  

Canoo’s funky styles