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$GOEV Electric Vehicles. The new tax credit, worth up to $7,500, is made up of battery and sourcing requirements, each adding up to half of the credit. If the car meets both requirements, it is eligible for the full credit. If it meets only one requirement, it may be eligible for a partial credit of $3,750.
On Aug 4 Tony Aquila (CEO, etc) was issued warrants to acquire up to 5.6MM shares of stock at a price of 0.67, exercisable after 2/4/24, a price 50% higher than the current price of ~0.44.
No worries, bottom’s in sight. Then dollars. The cool will survive.
Not good. I'm already out with minimal loss. $100.00 or so.
Company is proposing a shareholder meeting in October to increase authorized number of shares:
PROPOSAL 1
SHARE AUTHORIZATION PROPOSAL
After careful consideration, the Board has adopted, declared advisable and directed that there be submitted to the stockholders at the Special Meeting a proposed amendment of our Charter (the “Authorized Share Amendment”) to increase the number of shares of authorized Common Stock from 1,000,000,000 to 2,000,000,000.
6:23 AM ET 08/15/2023
HC Wainwright & Co. analyst Amit Dayal reiterates Canoo (NASDAQ:GOEV) with a Buy and maintains $10 price target.
$GOEV Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.
We filled the gap from late June yesterday.
GOEV
Canoo Inc
0.5149
-0.0065 (-1.25%)
Volume: 23,951,174
Day Range: 0.5004 - 0.5295
Last Trade Time: 7:59:14 PM EDT
Top Institutional Holders
Holder Shares Date Reported % Out Value
Vanguard Group Inc 26,323,413 Mar 30, 2023 4.19% 13,551,293
Blackrock Inc. 18,750,337 Mar 30, 2023 2.98% 9,652,673
Infini Capital Management Ltd 16,740,371 Mar 30, 2023 2.66% 8,617,943
State Street Corporation 6,342,854 Mar 30, 2023 1.01% 3,265,301
Geode Capital Management, LLC 6,297,765 Mar 30, 2023 1.00% 3,242,089
Renaissance Technologies, LLC 4,259,182 Mar 30, 2023 0.68% 2,192,626
Northern Trust Corporation 2,661,001 Mar 30, 2023 0.42% 1,369,883
Charles Schwab Investment Management, Inc. 2,238,322 Mar 30, 2023 0.36% 1,152,288
Nuveen Asset Management, LLC 1,222,843 Mar 30, 2023 0.19% 629,519
Point72 Asset Management, L.P. 1,146,371 Mar 30, 2023 0.18% 590,151
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
Vanguard Total Stock Market Index Fund 8,177,397 Dec 30, 2022 1.71% 4,209,724
Vanguard Small-Cap Index Fund 6,379,596 Dec 30, 2022 1.34% 3,284,216
iShares Russell 2000 ETF 3,737,734 Feb 27, 2023 0.78% 1,924,185
Vanguard Small-Cap Growth Index Fund 3,674,653 Dec 30, 2022 0.77% 1,891,711
Vanguard Extended Market Index Fund 3,193,199 Dec 30, 2022 0.67% 1,643,858
Fidelity Small Cap Index Fund 1,385,979 Jan 30, 2023 0.29% 713,502
iShares Russell 2000 Growth ETF 1,275,079 Feb 27, 2023 0.27% 656,410
Fidelity Extended Market Index Fund 1,092,526 Feb 27, 2023 0.23% 562,432
Schwab Strategic Tr-Schwab U.S. Small Cap ETF 860,022 Feb 27, 2023 0.18% 442,739
iShares Self-Driving EV and Tech ETF 814,742 Feb 27, 2023 0.17% 419,429
https://finance.yahoo.com/quote/GOEV/holders?p=GOEV $GOEV
The 4 analysts offering 12-month price forecasts for Canoo Inc have a median target of 1.75, with a high estimate of 10.00 and a low estimate of 1.00. The median estimate represents a +239.28% increase from the last price of 0.52. $GOEV https://money.cnn.com/quote/forecast/forecast.html?symb=GOEV
Held strong today with that old news….
Trade your way!
$GOEV
14th is coming …..
Corrective action over old/expected news. When done rise will resume, imho. HAWK
This is why I like $GOEV than other evs https://www.reuters.com/investigates/special-report/tesla-batteries-range/
This is why I like $GOEV than other evs https://www.reuters.com/investigates/special-report/tesla-batteries-range/
What’s holders perspective that Friday’s announcement of the SEC charges is already taken into account?
I’m perspective now they have over 2 billion in orders booked. So maybe the SEC miscalculated the possible revenues.
How does the SEC help stock holders in this type of scenario? They don’t. I think penalties should not be the ones receiving the money. Penalties assigned should be issued to stock holders as a dividend. The laws need to change to actually protect stock holders. In addition this dividend payout will be exempt for company insiders.
EXPANDED
SEC sues two ex-Canoo executives over reporting failures
REUTERS
12:30 PM ET Aug-04-2023
By Jody Godoy
(Reuters) -The U.S. Securities and Exchange Commission sued two former executives of electric vehicle company Canoo Inc (GOEV.NaE) on Friday over what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections.
In the complaint filed in Los Angeles federal court, the SEC said Ulrich Kranz, the company's former chief executive, and Paul Balciunas, its former chief financial officer, misled investors about the company's financial prospects before it went public in a merger with a special purpose acquisition company in December 2020.
In the run-up to the deal, Canoo (GOEV.NaE) had projected revenue of $120 million in 2021 and $250 million in 2022 based on deals to provide engineering services to other companies. The SEC said Kranz and Balciunas knew before the merger that the projects were unlikely to generate revenue.
The carmaker's stock plunged 21% after it announced in March 2021 that it would not achieve the anticipated revenue, the SEC said.
The regulator also alleged that Kranz failed to disclose more than $900,000 in compensation he received from two Canoo (GOEV.NaE) investors in October 2020 to stay with the company.
Attorneys representing Kranz and Balciunas in a shareholder lawsuit over the revenue projections did not immediately reply to requests for comment.
Canoo (GOEV.NaE) said in May that it had tentatively agreed to pay a $1.5 million penalty to settle with the SEC
A spokesperson for the company did not immediately reply to a request for comment on Friday.
The Texas-based company warned investors in May that it might not be able to meet its financial obligations, saying it had access to $600 million in funding but added it had "substantial doubt" about continuing as a going concern.
The carmaker is scheduled to report its second quarter results on Aug. 14.
Related:
SEC sues two ex-Canoo executives over reporting failures
REUTERS
7 mins ago
Aug 4 (Reuters) - The U.S. Securities and Exchange Commission sued two former executives of electric vehicle company Canoo Inc (GOEV.NaE) in federal court in California on Friday over what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections.
GOEV: SEC Admin. Cease and Desist Order:
https://www.sec.gov/files/litigation/admin/2023/33-11217.pdf
US Demographic Situation Leading to Brighter Future:
Low Unemployment Rate Means Automations (Goods) and AI (Services) is Exceeding Demands!
Under 19 years 25.4%, 20 to 64 years 59.0%, and 65 years and over 15.6%.
$GOEV a Made in the USA vehicle, Americans are in need of.
JUSTIN, Texas, July 31, 2023 /PRNewswire/ -- Canoo (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended June 30, 2023 after market close on Monday, August 14, 2023. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.
$GOEV Hedgefunds Infini Capital held 16.7 million shares in Canoo Inc. (NASDAQ:GOEV) at the end of the first quarter, making it the largest hedge fund investor in the company.
$GOEV A Buy rating was maintained on shares of Canoo Inc. (NASDAQ:GOEV) on June 27 by J. Bruce Chan, an analyst at Stifel. The analyst also placed a price target of $1.50 on the stock.
Market Capitalization as of July 28: $312.89 million $GOEV
Market Capitalization as of July 28: $312.89 million $GOEV
Volume and price both picking up - just surged through 0.615 on 20MM shares
Suppose to deliver vehicles some time in September. Conference call which should be next week should enlighten us.
When is GOEV going to deliver there 5,000 or 10,000 vehicles to WalMart????
Trading in a channel. .40-.80. Let's get a double bottom and make another run.
Short interest, per Fidelity, was nearly 54MM shares, nearly 11% of shares outstanding as of July 14. I agree, though, these are not naked shorts.
Naked shorts are a myth sold to you by people pumping/hyping stocks... There really is no such thing, or very rarely the case - especially on stocks below $2/share...
Really, shorting stocks that are under $2/share isn't even financially appealing... For several reasons...
$GOEV down $.30 in 7 days. No company news out. Naked Shorts?
Only moderately nervous here, although I agree a close below 0.5 would increase my nervousness somewhat...
After the 7/10 bottom around 0.5, the next 7 days averaged 76MM shares to the high above 0.8. This was followed by 5 days of decline to about 0.55, with shares averaging only half of what they had during the increase - 38MM vs 76MM.
Best outcome would be to maintain the range around 0.55 (currently 0.546 on some 19.6 MM shares traded).
2nd quarter results are still 2 weeks away but would be good to see a PR before then.
Anything is possible - but I suspect $0.50 to be bottom at worst, maybe $0.495... If we fall any further than that, I'd be concerned of breaking the all time low at $0.4135, and forming a new low or the floor dropping out...
Generally speaking, what is appealing here on an otherwise nose diving stock (span out a few years, since company inception - it's just plummeted), is the fact we formed a base here to consolidate at, up and down primarily between $0.50/$0.55 and $0.70/$0.75... There was a one time dip to $0.4135, and a one time run to $0.8477... I'd be afraid of falling further if we threatened to break out of this range on the downside...
Also, we had a good trend line going upwards until the last few days, but up until now, we been building higher highs, and higher lows... And I think it's at least possible to tag the 200 day Moving Average (around $0.91 currently)... And if we can press through that, I see a possible run to about $1.25....
But again... If we fall below $0.50, I'd be worried... And a fall much further below recent lows of this dip would potentially bust the higher high, higher low theory... Which in itself would be concerning...
And the fear of mine currently is, these several days of sell of smells of dilution... They need to release some news or something and let it air out a bit if they're going to dilution, let it bounce again... Otherwise, we're destined to dropping out of our side ways range, especially if buyers are scared to buy...
Furthermore... What I noticed, is every recent bottom of every recent dip pivoted and bottomed out after a bullish harami candlestick pattern, followed by a gap up the next day, and a run up off the low... But... This time started the same, but today's action since has busted that... Possibly indicating a trend change again...
So I'm a little mixed feelinged here, my thesis here is holding on by a thread, but... Only that... A possible explanation to the difference is the interaction with the 50 day Moving Average... We need to get back above it asap, and hold on to that... Or I fear it's going to act as further resistance and push us down again... We're kind of at a make or break here... And I think a dip into the $40's is going to be the nail in the coffin...
We need a catalyst...
I do not think so, conference call announcement for quarterly update, will bring it up. This will happen any day now.
A drop down into the .40s could happen and would be considered a "gift" by me. IMHO. HAWK
A dip with a nice upward ending!
Fidelity lists Q2 report day as August 8 (Unconfirmed) - two weeks from today
Reviewing the chart I see a "possible" dip intra day to the .47 area. Maybe someone just dumps. It does happen. Will have bids in. Longer term, much, MUCH higher. HAWK
In a couple weeks we should see blow out financials.
I just completely filled my buy order... Now let's bounce!!!
Welcome all... I just bought in here on the dip, I got a partial fill at $0.58!!!
I'm OK with it coming back down to completely fill my order before bouncing up , or just bouncing and running up now from here... Though I do suspect we'll at least tag the 50 day Moving Average (currently at $0.576) before moving back up - or possibly tag below it before closing the day above it, maybe putting in a reversal candle on the daily chart...
Whatever happens, I like this for a good swing play, especially if we get a catalyst - news, etc... Looks like a lot of interesting things going and to come here...
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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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