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OK, homeslicers, we all now what happened that happened with no apparent warning the way Jay Powell does every time he opens his mouth about interest rate increases
What I found interesting about the 8k was about Wally World telling Canoo no deals with Amazon for delivery vans
Talk about a shot fired across the bow
It appears to me Wally World has deepened its resolve to take market share from the house that Bezos built
And, knowing that Wally World is such a discounter it will get these vans on the cheap
u a clown 10 ten maybe go sale hot dogs
I agree, GOEV , Canoo should go up or be somewhat close to Rivian.
Gonna be $30 to 50 stock soon...very impressive..Walmart now US Army...who knows how many other companies line up for purchase order...
Consolidating nicely as it moves today, should be able to hold the gains.
Does anyone still want to sell the warrants to me at $ 0.56 again like yesterday, had different buys this week, the highest at $0.67, sold them at $1.03, thanks again scared ones.
You’re right, I didn’t know that. I don’t see why GOEV can’t trade near the same market cap as Rivian, which is 20X higher than Canoo’s.
Criminal Street was using all out manipulation yesterday to cover their corrupted naked shorts, but still got caught with their pants down today, like the criminals deserve to be.
This SHOULD HAVE landed on planet Jupiter, YESTERDAY. And today some 'news' that the US Military is THINKING about it???
WOOHOOOOOO GOEV$ WOOHOOOOOO WOOHOOOOOO
30 million short lol to 7 it will go
Great news on Canoo. Agreed that this market has really dampened the enthusiasm for buying and speculating in stocks. With inflation and a pending recession, you have to wonder how much risk capital is out there available. Especially when you consider $2 Trillion of crypto investments disappearing.
Canoo will be fin in the long term. The traders are just have to be patient for the bigger dollars.
$GOEV: Making great coin here on that news............
I'm trying to find a board for $ILAG but Ihub won't let me put one up.
Was $25 yesterday................ just hit $2.70
Got a bunch will average in more
If anyone can help, $ILAG should go back to IPO price of $4
GO $GOEV
GOEV, this is a tidbit, maybe not everyone knows, but the Canoo electric motors/engines are "Military"grade....so they could see a big Contract from the U.S. Army! :)
GOEV/Canoo satisfied NASA.
I'm going to assume that some are taking initial profits and will be right back in after lunch. This is a good one.
This market really sucks right now. a year ago and that news would have blasted us to the moon. Patience, I guess...
NICE! Thank you. :)
$GOEV: Huge news.. now 3.80
July 14, 2022 - 9:00 am
JUSTIN, Texas, July 14, 2022 -- Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, has been awarded by the U.S. Army to supply an electric vehicle for analysis and demonstration. This contract supports the U.S. military's focus to incorporate scalable and adaptable capabilities in operational and garrison environments.
(PRNewsfoto/Canoo)
"As an American company based in the heartland, it is an honor to be selected by the U.S. Army," said Tony Aquila, Investor, Chairman & CEO at Canoo. "This is another opportunity to prove our proprietary technology – which is customizable and adaptable for multiple use cases and special environments."
Canoo's multi-purpose platform was recently selected by NASA for crew transportation vehicles to deliver astronauts to the Artemis launch site for lunar missions to establish the first long-term presence on the Moon.
About Canoo
Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle. Distinguished by its experienced team from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customizable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses. Canoo has teams in Texas, Oklahoma, Arkansas, Michigan and California. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit investors.canoo.com.
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, expectations and timing related to commercial product launches and the achievement of operational milestones, including the ability to meet and/or accelerate anticipated production timelines, Canoo's ability to capitalize on commercial opportunities, current or anticipated customer orders, and expectations regarding the development of facilities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo's ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 1, 2022, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo's expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo's assessments to change.
However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
CisionView original content to download multimedia:https://www.prnewswire.com/news-releases/us-army-selected-canoos-multi-purpose-platform-for-analysis--demonstration-301586403.html
GO $GOEV
GO-EV, GOEV.....
Canoo Gets Unexpected Lifeline From Walmart: An Order For 4,500 Vans
https://www.google.com/amp/s/insideevs.com/news/597854/canoo-gets-unexpected-lifeline-from-walmart-order-4500-vans/amp/
The Walmart warrants will give Canoo over a $130 million cash infusion! They also have to notify Walmart of any takeover offers. I don’t think funding is going to be a problem.
Everyone has read the following article about EV's, I assume: https://wolfstreet.com/2022/07/12/why-delivery-giants-walmart-amazon-fedex-ups-even-deal-with-collapsing-ev-startups-ev-spac-canoo-is-the-latest-deal/
Walmart is building a new massive campus here so there will be space available around town but as of yet no Canoo advertising/ conversations around town that I have heard of
They are suppose to build a plant there.
I live in Bentonville no signs of Canoo around town yet hopefully soon
Walmart is backing them. They are sitting up a plant in Bentonville, Ar., plus Walmart has stipulated Canoo can’t sell to Amazon. They’ll have all the money they need, IMO.
Which has more value ? the EV Van or the battery it uses ?
$MxxN "so that means twice the distance for the same KWH charge :)"
"150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge which can yield over 300 miles of range"
Yes, if ya had it YESTERDAY.
no production news just makes this feel like there waiting for someone to buy them out with the bad cpi report I think we could see 2.77
Yesterday's news was too good for that to not happen most likely, it's now on the radar of many traders who are looking and wanting for the fool sellers in a red tape to show up, and scoop up their shares, and prevent the MM shorting manipulators from getting away with it.
looks like it's gonna fill gap probably 2.77. I still think given some time, we see $10.
Why Delivery Giants Walmart, Amazon, FedEx & UPS even Deal with Collapsing EV Startups: EV SPAC Canoo is the Latest
by Wolf Richter • Jul 12, 2022 •
Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
By Wolf Richter for WOLF STREET.
EV startup Canoo, which went public via merger with a SPAC in December 2020, and whose shares then promptly spiked and collapsed, and which said in its Q1 earnings report that it might not have enough dough to continue “as a going concern,” and which became one of the stars of my Imploded Stocks column, and which has yet to deliver any EVs, well, it announced today that it had inked a deal for Walmart to purchase 4,500 electric delivery vans someday.
Details have not been disclosed, and as is the case in all these deals of future purchases of a large number of electric delivery vans that don’t yet exist, there is lots of wriggle room in it for both parties, as is the case with the Walmart-GM BrightDrop deal, the Amazon-Rivian deal, the Amazon-Stellantis deal, the Amazon-GM BrightDrop deal, the UPS-Arrival deal, the FedEx-GM BrightDrop deal, or any of the others.
Canoo shares [GOEV] spiked by a phenomenally glorious 110% this morning, and by the close gave up half of that spike, and are up 53%. That 80% spike or 100% spike or whatever earlier was a huge deal in the headlines everywhere this morning. But shares were just $2.38 yesterday, and so the huge spike today was only to $5.00 this morning, and now back to $3.63. The shares are still down 84% from the intraday peak in December 2020. And today’s jump was just a little uptick in the collapse (data via YCharts):
Whatever will come of this order from Walmart, and whether or not Canoo has even enough cash to ramp up production to manufacture these vans, to Walmart this is irrelevant.
What Walmart wants is a lot of competition in the electric van space, and it wants to motivate the legacy van makers – Ford are you getting the hint? – to get on the ball and start producing top-notch electric vans that were designed from a blank sheet as electric vans, and with Walmart specs in mind.
Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
It makes sense for Walmart, Amazon, UPS, and FedEx to throw their weight around in the development of EVs for urban delivery of packages. The legacy automakers have refused to build them until the giants started making deals with a bunch of startups, threatening to steal that business.
These huge delivery companies really really want to put electric vans into their urban delivery fleets because electric propulsion systems are ideally suited for urban delivery, where routes are generally below 100 miles a day, and there is no range anxiety. Vehicles can be charged up overnight at the warehouse, and electric motors are so much more efficient particularly in stop-and-go traffic, than ICE vehicles, which turn somewhere between 70% to 100% (at idle) of the energy they use into waste heat. Electric vans can capture some of the braking energy (otherwise waste heat) with regenerative braking that charges the battery every time the vehicle is slowed. And maintenance costs are lower than on ICE vans.
Every one of these massive companies that do urban deliveries wants electric vans – and have been wanting them for years and have been ordering them for years. And they’re just not forthcoming.
Another problem that needs to be shaken up: Ford.
Ford, the dominant player in the US delivery van business with its Transit van series, dropped the ball on EV vans. It focused its EV energies on the F-150 Lightening and the Mustang Mach-E. And so it doesn’t have a blank-sheet electric van model.
What it is now coming out with are last-minute-designed electric conversions of its ICE vans – putting the electric components into a vehicle designed for ICE components, and that’s never a good solution. And that’s the number one market leader in ICE vans.
GM is finally coming out with a blank-sheet electric delivery van under its BrightDrop division.
Ram, which builds the popular ProMaster delivery van, is coming out with an electric van. But with Ram now being a brand of Stellantis, this electric van will be based on a Fiat van.
Walmart and FedEx made deals with GM’s BrightDrop.
Walmart also made a deal with GM’s BrightDrop to “reserve” 5,000 electric delivery vans, which it expects to go into service in 2023, according to BrightDrop.
FedEx had put in a reservation for 500 BrightDrop vans and received the first five prototypes in December last year for testing. In January, it then put in an order for an additional 2,000 vans.
FedEx said that it hopes electric vans will make up half of all of its van purchases by 2025, and 100% by 2030. The numbers in this business are just huge: FedEx’s fleet of electric vans may eventually reach 250,000 vehicles, it said.
UPS made a deal with Arrival.
UPS put in an order with UK-based EV startup Arrival for 10,000 electric delivery vans, with the option to purchase 10,000 more vans. The order is subject to cancellation at any time, and without penalty, like so many of these types of orders. The deal was announced in early 2020. UPS also invested an “undisclosed amount” in Arrival.
UPS, during its earnings call on February 1, 2022, said that it will “purchase” 425 Arrival vans in 2022, and beyond testing some prototypes, still doesn’t operate any of the vans.
Following the hype-and-hoopla announcement of the UPS deal, Arrival announced later in 2020 that it would merge with a SPAC in the US. The merger was completed in March 2021, with shares trading on the Nasdaq, where they promptly collapsed by 94% from the hype-and-hoopla high to today’s penny-stock of $1.46 (data via YCharts):
Amazon made deals with Rivian, Fiat, I mean Ram, Daimler, Lion, and whatever.
Amazon invested about $1.3 billion in Rivian for a 20% stake. In a deal announced with great fanfare, Rivian was supposed to build 100,000 vans for Amazon through 2030, to Amazon’s specs, and Rivian was supposed to start delivering them in 2021.
And then nothing happened, and in May 2022, there were reports of further delays because Rivian was suing a supplier over pricing issues or whatever. Beyond the prototypes for testing, there are still no vans.
However, Rivian is building and delivering high-dollar pickup trucks, and they’re out there, and I have seen a few of them already. But they’re not for Amazon.
Now there are reports that Rivian is planning layoffs that could reach 5% of its workforce, according to sources cited by Bloomberg. These are nonmanufacturing roles that will be eliminated as the company wants to trim its workforce after overstaffing.
Rivian’s shares [RIVN] have collapsed by 83% from their high in November 2021, and both Amazon and Ford have taken huge write-downs on the gains they’d booked following the Rivian IPO in November 2021 (data via YCharts):
Amazon also ordered “thousands” of electric Ram ProMaster vans, Stellantis said in January 2022, which are based on electric vans from Fiat, with some input from Amazon.
Amazon has also ordered 1,800 electric vans from Daimler for use in Europe. And it ordered electric three-wheelers from Mahindra for use in India.
And from Lion Electric. Amazon ordered up to 2,500 electric trucks from Lion Electric, an EV maker startup in Canada, hopefully for delivery in 2025 or whenever.
Lion Electric announced in November 2020 that it would go public via merger with a SPAC. Weeks after the announcement, the Amazon order was reported and hugely hyped, and the SPAC’s shares spiked to $35.25 by January 15, 2021. By the time the merger with the SPAC was approved and completed in May 2021, shares had already plunged by about half. And today, at $4.37, shares are down 88% from the hype-peak. And Amazon still hasn’t gotten any electric delivery trucks (data via YCharts):
Twisting arms of the legacy van makers.
Legacy automakers still face huge problems with their supply chains for ICE models where they’ve had well-established supply chains. Production was hit mostly by shortages of specific semiconductors. Now they’re trying to build new supply chains for EVs, which is even worse. There are long waiting lists for their passenger EVs. Electric cargo vans are not the top priority. And for Ford, which dominates the ICE cargo van business, electric cargo vans are just an afterthought.
So it makes sense for the delivery giants Amazon, Walmart, UPS, and FedEx to fire up some startups, though they have even bigger problems trying to set up complex supply chains, in addition to all the other problems they have, such as running out of cash. But that’s the only way the giants have to twist the arms of legacy van makers into finally producing EV vans.
Nice article from Fortune for GOEV. Looks like the initial deal is worth around $135 million dollars gross and also it looks like they’ve been working with Walmart for quite awhile. On Stocktwits someone was predicting a buy out by Walmart, but? https://finance.yahoo.com/news/walmart-just-ordered-4-500-193553774.html
Is closed up 59%. Ahhh, looks pretty good to me!
Sir? Lol. I have made my living doing this for around 20 years. Profits I make aren’t your business, they are mine and the IRS’s.
We’ll see. I certainly don’t think so. Expect we’ll see $6 - $8 soon. W
Looks like this "CANOO" (pun intended) got stuck-up-the-river, without a paddle --- and no water, to boot!!!
Well then, how much PROFIT did you make today, Sir???? Inspire me!!!
Totally untrue! I personally have reloaded several times.
Maybe tomorrow, next week, etc., but NO "reloading" today, Sir. (Look at that downward SLOPE, all day long.) Merely DUMPING by the various 'insiders' (especially at the COMPANY itself, & all their Homeboys & relatives, inter alia).
No it’s not! When you have a stock jump 100% on opening, people are going to profit take, reload and do it again. Many have been in an out in 4 or 5 times today. Also a big short attack most likely hit. The DD is solid, the chart will consolidate and the PPS will return to $5.00+ in a few days. Volume before price. No worries, watching for bottom to load more.
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The plant, at full capacity, will be able to build over 150,000 vehicles a year, he said in an interview.
Canoo's investment in the facility will come in stages, and depending on demand could ultimately range from $500 million to $1 billion,
he said, adding that the state is providing Canoo more than $300 million in tax incentives.
Until the Oklahoma plant opens, VDL will build Canoo's seven-seat vehicle for the U.S. and European markets,
he said, allowing Canoo to meet its commitment to start production in the fourth quarter of 2022.
LOS ANGELES, March 10, 2021 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a company developing breakthrough
purpose-built electric vehicles (EVs) with a proprietary and highly versatile platform architecture,
debuted today its fully-electric pickup truck during the Motor Press Guild's Virtual Media Day (VMD) in partnership with Automobility LA.
The production version of the pickup truck will open for preorders in Q2 2021, with deliveries beginning as early as 2023.
"We are so passionate about building vehicles that can change people's lives," said Tony Aquila, Executive Chairman, Canoo.
"Our pickup truck is as strong as the toughest trucks out there and is designed to be exponentially more productive. This truck works for you.
We made accessories for people who use trucks – on the job, weekends, adventure. You name it, we did it because it's your platform and she's bad to the bone."
Canoo's pickup truck was built with several unique features to help customers do more with their vehiclesi:
Pull-out Bed Extension:
The pickup truck bed is six feet long and can extend to a fully enclosed eight feet, allowing big items such as a 4 by 8 ft sheet of plywood to easily fit inside.
The pull-handle bed extension also helps with loading and unloading the truck. The extension also serves as a license plate holder.
When the bed is extended, a second layer of tailgate doors can be swiveled out.
The bed-extension also houses a secondary lamp, containing all tail lamp functions, so the truck can be driven while the bed space is maximized.
Fold Down Worktable + Cargo Storage:
To offer the greatest customer utility, the pickup features a front cargo storage area that can hold tools or gear, also includes a fold down worktable with electrical outlets.
The workstation table is extendable to allow customers to have maximized work surface on the go, in addition to providing an area to put on gear before heading out exploring.
Flip-Down Side Tables:
Both sides of the vehicle house a flip down table in two expandable depths.
Built into the side panel of the truck bed, the flip-down side table becomes a workbench with multi-functional power sources in close proximity.
Side Step + Storage:
On the side of the vehicle there is a hidden step to allow quick and easy access to the truck bed.
Underneath the step is a flexible storage area for items including: a first-aid kit, cooler for snacks and drinks, lockable laptop storage and more.
This space efficient feature is only possible due to Canoo's ultra-flat platform.
Modular Bed with Space Dividers:
The truck bed is modular with the use of Canoo's space divider system designed to keep items separate and secure.
The bed wall also incorporates modular wheel chocks to secure bikes and configurable tie downs for ladders, large equipment and other materials.
Multi-Accessory Charge Port:
The pickup truck can double as a powerplant with exportable power accessible on all sides of the vehicle.
Power can last all day for tools and devices, with as little as 10% impact on vehicle range.|
Integrated Overhead + Bed Perimeter Lighting:
The third break light doubles as an overhead light to see inside the cargo bed at night.
The vehicle is also equipped with perimeter lighting on all sides of the bed wall for added visibility.
Roof Rack:
The pickup truck has optional roof racks in variable sizes for added cargo storage. The roof rack is easily accessible from the flatbed or via the sidestep.
Camper Shell:
The pickup truck has been designed to accommodate a variety of camper shells to fit as many use cases as possible.
The pickup truck is the third vehicle that will be based on the company's proprietary multi-purpose platform architecture, enabling the accelerated development timeline.
Canoo's EV platform functionally integrates all the critical components of an electric powertrain to be as flat and efficient as possible.
Traditional EV platforms have power units, shock towers and mechanical steering columns that protrude into the vehicle and take up space.
By incorporating steer-by-wire and other space-saving technologies,
Canoo's thin platform, with no need for an engine compartment, allows the company to offer a flatbed size comparable to America's best-selling pickup truck on a smaller footprint.
This makes the vehicle easier to maneuver and more convenient to drive and park in any terrain.
Vehicle specifications for the Canoo pickup truck includeii:
Canoo designed its pickup truck to be the most cab-forward and space efficient on the market, with massive cargo capacity on the smallest footprint possible.
Thanks to the flexible platform and steer-by-wire, the passenger compartment was able to be shifted forward to maximize driver visibility.
Canoo's designers gave the pickup added stance and durability with increased wheel spats to support larger wheels, which provides improved stability and gives it a rugged profile.
Advanced lighting technology provides adaptive safety, and the company's iconic signature headlights and taillights serve as core brand identifiers without the need for a logo.
Beyond just storage, the front surface of the vehicle has been extended to better protect the headlights and windscreen.
The bumpers are designed for maximum functionality and durability with integrated tow hooks and metal skid plates on both the front and rear.
The vehicle's fog lamps are also integrated seamlessly into the bumper design to offer the driver additional visibility and safety.
Lined with trim and materials selected for durability, the extended cab vehicle has two seats in the front with a customizable rear compartment
that can accommodate two additional seats or support additional purpose-built use-case configurability.
Full specifications will be revealed closer to production. With its thoughtful added features, utilitarian design, and compact maneuverability,
this vehicle reinforces Canoo's mission of creating electric vehicles for everyone on the road or dirt road.
Canoo's line of battery electric vehicles is purposefully designed to help everyday people be more productive and enjoy
a return on capital from their vehicle, putting money back into the pockets of its consumers.
About Canoo
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles that are reinventing the automotive landscape
with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first.
Distinguished by its experienced team – totaling over 350 employees from leading technology and automotive companies
– Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable
to support a wide range of vehicle applications for consumers and businesses.
For more information, please visit
http:// www.canoo.com.
For Canoo press materials, including photos, please visit press.canoo.com.
For investors, please visit investors.
http://www.canoo.com. ;
video 03-12-2021
#2-$Canoo 'Canoo Inc (GOEV)' [bed of truck is very usable][like work bench etc.][300h.p.]
assessory's available
https://www.youtube.com/watch?v=sbBXMzaXDVM&ab_channel=Canoo
Canoo
11.8K subscribers
Get updates about Canoo Pickup Truck: https://bit.ly/38vIZrG?
Own the open road with over 200 miles of range and instant acceleration with 550 ft lbs of torque.
Take what you need with you with 1,800 lbs of payload capacity and a 6 ft utility truck bed, packaging a folding side table,
pegboard bed flooring, onboard outlets and more into every corner and surface
— complete with an additional 2ft pull out extension for a little extra room when you need it.
Our purpose-built pickup truck is designed to be the most cab-forward and space-efficient vehicle available,
resulting in an open cabin with a commanding view of the road and seating for up to four. An exercise in function and form,
the Canoo Truck makes use of every millimeter of space for all the utility you need for work and the weekend.
Official Press Release: https://bit.ly/3l7QeLj?
Connect with Canoo:
Instagram: https://www.instagram.com/canoo??
Facebook: https://www.facebook.com/canoo??
LinkedIn: https://www.linkedin.com/company/canoo??
Twitter: https://www.twitter.com/canoo??
Medium: https://www.medium.com/@canoo?
#Canoo? #PickupTruck? #ElectricTruck
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