We have been short Canoo from February 2021 at approximately $14.

Our thesis was:

"Canoo is in a highly competitive space. Unlike Tesla or its other competitors, GOEV is active only on prototype and projections. We are skeptical whether the actual product can be delivered in the projected timeframe. Even if it did, we do not have confidence that consumer will adapt to the steer by wire and subscription feature. Canoo is competing with Tesla, the major OEMs, and Fisker.

Canoo promises to be the first true steer-by-wire vehicle on the market, dispensing with any mechanical connection between the steering wheel and the wheels. While the driving components are built into the car, riders use their own phone to control applications that don't actively move the vehicle, such as navigation, music, and heating and cooling. Canoo’s unique features are hardly a disruptor. Rather, Canoo is annoyingly unique compared to its competition – not in a good way."- from our initial report.

We spoke with numerous industry experts and a ex-founder. In our last report, we called $GOEV a ZERO. here is the report for an interesting read....

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