So, picture this: Canoo, the electric vehicle startup, is cruising along, right? But then, wham! They hit a pothole the size of Texas in their financial roadmap. Their 2024 revenue forecast? Well, let's just say it's about as disappointing as a cold bowl of soup.
You see, they're reporting a net loss of $302.6 million for 2023, and that's a pretty tough pill to swallow. It's like ordering a pizza and getting a salad instead. And get this – their revenue for 2023 was just $886,000! That's like trying to fill up a gas tank with pocket change.
But wait, there's more! They're also spending big bucks on private jet flights for their CEO. I mean, who needs a private jet when you're barely staying afloat, am I right?
Now, they're predicting they'll make somewhere between $50 and $100 million in 2024. Sounds okay, but analysts were expecting way more – like winning the lottery and only getting a dollar.
And let's not forget the stock market roller coaster. Canoo's stock? It's plummeting faster than a dropped ice cream cone on a hot summer day. Down 29 percent? Ouch! That's gotta hurt worse than getting a paper cut on a Monday morning.
So, what's the deal with Canoo? Can they turn things around and become the comeback kid of the EV world? Only time will tell, folks. But for now, it looks like they're in for a wild ride.
Comments
Post a Comment