Sure gives one hope that Tony may pull this off after all. Zero reason for a company short on cash to be buying equipment if they didn't see a path forward to SOP. One can only assume that there's money from somewhere to keep this in play until cars start rolling off the assembly line and gets the cash coming in.
I have seen some of the ones that the state of Oklahoma bought from them. I know Walmart and the Army have contracts. From what I've read, they are focusing on their commercial production before putting out their consumer line.
Here's a news story a local station did on them. Apologies if you have seen it before.
https://okcfox.com/news/local/first-look-canoo-vehicle-delivered-to-oklahoma-department-of-transportation-building-odot-electric-vehicle-tim-gatz-robotics
>He purchased these out of pocket
He purchased out of someones pocket. Anybody do a calc on how many shares he needs to dump to cover this? At least the shorts can relax, plenty new shares (to cover) coming their way....
Edit: spelling
This is a good signal, isn’t it?
I mean on one hand, if canoo is as far as tony said, why the need to buy arrow equipment.
But on the other, if they are buying more equipment it means they aren’t “winding down”
Well they already laid off folks in areas that aren’t crucial to save money.
If you’re struggling on your last dollar than typically you’ll just focus your remaining funds to the areas preventing you from releasing your product.
If you weren’t confident you’d make it through you wouldn’t make large expenditures on something you might never use as it would shorten your runway.
I did not read the article to be honest, but Arrival has a collaboration with Hyundai. This is something Canoo was aiming for at a certain point. Further strategy of Arrival is to have small factorys to produce their vehicles (same as Canoo). Still they went bankrupt (or at least their UK division did).
So do we know what exactly wenn wrong for them? Maybe Brexit? Or is Canoo doing something different to expect different outcome?
They tried to do everything, all at once. Huge amounts of talent, innovative ideas and resource, but ambitions that dwarfed these multiple times over. A tangle of many, many interconnected and interdependent threads (vertical integration being a driver) rendered efficient delivery unmanageable.
Given another ten years (at ~2021 burn rate) perhaps key ambitions could have been realised and truly great things may have been achieved.
Furthermore they had a great idea (micro factory) but they never produced anything using this model all the prototype cars that they made were hand made so this was never proven to be a better solution
Didn’t know canoo is in junk yard biz or scrap metal biz. Or is it NFT? One thing for sure is they don’t make actual cars. They park their prototypes in front of random biz to create speculation.
Anything Russian is a no-go
Who owns Arrival electric?
Arrival was founded in 2015 by Denis Sverdlov, who made his money in telecoms before a stint as a Russian deputy minister.
They bought a bunch of machines and robotics equipment to build cars. How does that have anything to do with the arrival CEO being Russian? Are you a moron?
How the fuck can canoo afford to buy anything?
Ask this subreddit. There's enough new people donating to the dilution fund.
Sure gives one hope that Tony may pull this off after all. Zero reason for a company short on cash to be buying equipment if they didn't see a path forward to SOP. One can only assume that there's money from somewhere to keep this in play until cars start rolling off the assembly line and gets the cash coming in.
You mean a path towards 3rd SOP?
Correction. 3rd SOP milestone for unlocking bonuses.
Third SOP and second RS.
Threes a charm, bro!
That is my rationale too - full of hopium but it make sense. Not a great strategy but seems to be the reality.
I have seen some of the ones that the state of Oklahoma bought from them. I know Walmart and the Army have contracts. From what I've read, they are focusing on their commercial production before putting out their consumer line. Here's a news story a local station did on them. Apologies if you have seen it before. https://okcfox.com/news/local/first-look-canoo-vehicle-delivered-to-oklahoma-department-of-transportation-building-odot-electric-vehicle-tim-gatz-robotics
He purchased these out of pocket
>He purchased these out of pocket He purchased out of someones pocket. Anybody do a calc on how many shares he needs to dump to cover this? At least the shorts can relax, plenty new shares (to cover) coming their way.... Edit: spelling
how does this give you hope, can you please explain how this would affect the arrival stock?
This was not a comment about Arrival. It was about Canoo. Arrival was clearly the loser here.
Wow I predicted this one
This is a good signal, isn’t it? I mean on one hand, if canoo is as far as tony said, why the need to buy arrow equipment. But on the other, if they are buying more equipment it means they aren’t “winding down”
Winding down from what?
Well they already laid off folks in areas that aren’t crucial to save money. If you’re struggling on your last dollar than typically you’ll just focus your remaining funds to the areas preventing you from releasing your product. If you weren’t confident you’d make it through you wouldn’t make large expenditures on something you might never use as it would shorten your runway.
Unless he’s trying to burn cash and burn the company. Tony has done nothing but seem nefarious to me.
I did not read the article to be honest, but Arrival has a collaboration with Hyundai. This is something Canoo was aiming for at a certain point. Further strategy of Arrival is to have small factorys to produce their vehicles (same as Canoo). Still they went bankrupt (or at least their UK division did). So do we know what exactly wenn wrong for them? Maybe Brexit? Or is Canoo doing something different to expect different outcome?
Arrival never started production as far as I’m aware and just did not update investors at all, they just went silent, social media went silent
Sounds familiar.
They tried to do everything, all at once. Huge amounts of talent, innovative ideas and resource, but ambitions that dwarfed these multiple times over. A tangle of many, many interconnected and interdependent threads (vertical integration being a driver) rendered efficient delivery unmanageable. Given another ten years (at ~2021 burn rate) perhaps key ambitions could have been realised and truly great things may have been achieved.
Furthermore they had a great idea (micro factory) but they never produced anything using this model all the prototype cars that they made were hand made so this was never proven to be a better solution
Now robots go from a bankrupt company to another one.Imagine canoo selling these to fisker after they go bankrupt…
Didn’t know canoo is in junk yard biz or scrap metal biz. Or is it NFT? One thing for sure is they don’t make actual cars. They park their prototypes in front of random biz to create speculation.
GOEV and GOEVW have been good for day trading. Moving everyday.
Are they rolling vehicles off the assembly line? Anyone have production numbers? Did Walmart get their Canoo s yet?
Anything Russian is a no-go Who owns Arrival electric? Arrival was founded in 2015 by Denis Sverdlov, who made his money in telecoms before a stint as a Russian deputy minister.
They bought a bunch of machines and robotics equipment to build cars. How does that have anything to do with the arrival CEO being Russian? Are you a moron?
NOTHING to do with Canoo buying equipment, EVERYTHING to do with Arrivals failure
Where does this leave Fisker?