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DeepNewz, mobile.
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EV startup Canoo faces financial challenges as it warns about its future due to dwindling cash reserves and disappointing revenue forecasts. The company reported minimal sales, missed revenue expectations, and provided a lower revenue guidance for 2024, leading to a significant drop in its stock price.
$GOEV (-28.7% pre) EV startup Canoo's 2024 revenue forecast disappoints, shares tumble - Reuters https://t.co/TNC5YBgDAl
EV startup Canoo's 2024 revenue forecast disappoints, shares tumble. $EVGO. Who was disappointed? https://t.co/D6PHHrrYZx
EV maker Canoo forecast 2024 revenues well below expectations mid a broader slowdown in demand for battery-powered cars that has hit startups. https://t.co/ZnO7vRrnci
