The Latest Breaking News from Canoo

In one year, the startup spent twice as much on private jet flights as it earned overall.

The company had been in talks for the same kind of loan from the Biden administration that Rivian was just awarded, only to be denied at the last moment.

How the Thrive Capital founder approached his OpenAI investment.

“Everybody in the building—everybody in the company—knew that there was a safety issue,” one former employee says.

Canoo, that boxy little EV startup with big ambitions, is in trouble. Despite futuristic vehicle designs and government contracts at its doorstep, the automaker hasn't been having great luck gaining traction. And its latest actions show that the struggling upstart might be struggling to keep the lights on.

The startup was previously known for burning cash on private jet flights.

An EV startup known for burning cash on private jet flights was a hot topic for analysts.

Today on Critical Materials: Ford's new EV crack team, China's pushback on Europe's proposed EV tariffs, and Audi's billion-dollar investment in Mexico.

While they do carry higher-than-average risk, these microcaps also offer major upside potential for investors seeking startup-sized returns.