Canoo

Canoo Inc. (NASDAQ:GOEV) has reportedly spent more than double its annual revenue on the private jet expenses of its CEO, Tony Aquila, in 2023. What Happened: The electric vehicle (EV) startup’s 2023 earnings report, released on Monday, revealed a significant disparity between its spending...

High-tech mobility company Canoo Inc. (NASDAQ:GOEV) has secured a substantial contract with Prime Time Shuttle, involving the provision of up to 550 electric vehicles. The contract outlines that Prime Time Shuttle will acquire the Lifestyle Vehicle (LV) Premium model...

Electric vehicle stocks closed the week ending April 14 mostly lower, as a result of company-specific tidings and broader market weakness caused by soft financial data. Market leader Tesla, Inc. (NASDAQ: TSLA) didn't change much, as the weakness set in motion by its ...

Jim Cramer recommended Thursday that investors trim their exposure to auto-related special purpose acquisition company stocks, CNBC reported. What Happened: The host of the CNBC “Mad Money” show termed the stocks of QuantumScape Corporation (NYSE: QS), Luminar Technologies Inc (...

SPACs have been one of the hottest stories in 2020. CNBC's Jim Cramer is increasing the exposure of SPACs on his “Mad Money” show that is now causing huge rises in share prices. What Happened: Last week, Cramer mentioned three SPACs on his show over the course of Wednesday,...

A Forbes cover story called "How SPACS Became Wall Street Money Tree" highlights some of the negatives of the SPAC industry. Tesla Inc (NASDAQ: TSLA) CEO Elon Musk tweeted in response to the article. What Happened: The article from Forbes highlights some former SPACs like Waitr...

On Thursday’s “Mad Money” show on CNBC, Jim Cramer changed his tone slightly and highlighted some of the electric vehicle SPACs. Cramer On SPACs: SPACs are basically investments that have “managers with a big pot of money they can use to make deals,” Cramer said....

BlackBerry Ltd (NYSE: BB) has shifted from a mobile phone company to a software and services company, and it's improved its gross margins. The company continues to sign new deals for its automotive operating system, which is used in over 175 million cars today. BlackBerry's Autonomous...

Canoo Holdings Ltd, an electric vehicle company, announced Tuesday it was going public later in 2020 at a valuation of $2.4 billion and will commence vehicle deliveries by 2020, Reuters reported. What Happened The California-based startup already has a partnership with South Korea’s Hyundai...