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{"id":5529,"date":"2022-05-11T14:39:13","date_gmt":"2022-05-11T14:39:13","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/05\/11\/ev-startup-canoo-is-running-out-of-cash-and-doubtful-about-its-future\/"},"modified":"2022-05-11T14:39:15","modified_gmt":"2022-05-11T14:39:15","slug":"ev-startup-canoo-is-running-out-of-cash-and-doubtful-about-its-future","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/05\/11\/ev-startup-canoo-is-running-out-of-cash-and-doubtful-about-its-future\/","title":{"rendered":"EV startup Canoo is running out of cash and doubtful about its future"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/5\/10\/23065974\/canoo-ev-startup-earnings-q1-2022-cash-net-loss<\/a>
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<\/br><\/code><\/p>\n

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Canoo, the struggling electric vehicle startup, thinks it\u2019s about to run out of money. In stark terms, the company reports that it only has enough cash to last another quarter and is unsure whether it will be able to stay afloat beyond that. <\/p>\n

\u201cAs of the date of this announcement, we are reporting that there is substantial doubt about the Company\u2019s ability to continue as a going concern,\u201d the company states in its first-quarter earnings report. <\/p>\n

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