Tesla Rival Canoo’s Future Is Up in the Air

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The Street

By Luc Olinga The rout in the financial markets raises questions about the ability of upstart companies to raise funds. The next few months will be decisive for Canoo (GOEV) – Get Canoo Inc. Class A Report, the upstart manufacturer of electric vehicles. Its horizon, like that of most car manufacturers, is currently clouded by a cascade of problems. Semiconductor shortages are getting worse, supply-chain disruptions continue with lockdowns in cities across China, and raw-materials prices remain high due to the Russian invasion of Ukraine. These three factors increase the cost of manufacturing v…

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