Canoo burns cash in race to hit $1B EV sales goal

Electric vehicle company Canoo’s second-quarter results, like its first-quarter results, show a pre-revenue company that’s burning through cash. However, last quarter, Canoo was warning it might not have enough cash to stay in business. Three months later, the EV startup-gone-SPAC is touting access to enough capital to see it through the rest of 2022. “We […]...