Canoo actually got to having a vehicle, and it was at a very reasonable price point and was a very compelling vehicle.
I think the real issue they hit was that they didn’t look like a 100:1 return in investment, and for predatory capitol, thats all they’ll fund. I think they found themselves needing funds exactly when inflation was going nuts.
I mean at the end of the day these are car manufacturers. it’s a shit ton of work to design and engineer and the produce a car. And they can’t be that expensive or people just don’t buy them. So the margins are kinda crap.
i wouldn’t confuse Nikola with canoo.
Canoo actually got to having a vehicle, and it was at a very reasonable price point and was a very compelling vehicle.
I think the real issue they hit was that they didn’t look like a 100:1 return in investment, and for predatory capitol, thats all they’ll fund. I think they found themselves needing funds exactly when inflation was going nuts.
I mean at the end of the day these are car manufacturers. it’s a shit ton of work to design and engineer and the produce a car. And they can’t be that expensive or people just don’t buy them. So the margins are kinda crap.