Source: Google Finance, YTD through April 8
You can argue all you want about my choices. Still, it’s harder to argue with the fact that, except for GM (and its performance has a lot to do with its sales in China) these electric-related stocks have been anything but performing so far in 2021, with ChargePoint leading the parade lower by more than 22%.
Not only does ChargePoint need to provide investors with some catalysts in the coming weeks – our own Ian Cooper recently discussed three of them – it’s going to require investors to fully buy into the entire EV thesis.
Canoo (NYSE:
3
Over the past year, the stock market has been deluged with newly public electric-vehicle startups that raised money by pitching plans for rapid growth.
Months into their lives on the public markets, a set of these companies are missing targets, adding costs and, in one case, upending major parts of a business model.
On March 29, aspiring electric car and truck maker Canoo Inc. told investors it was abandoning or scaling back numerous key aspects of the strategy laid out when it raised $630 million last year.
On March 30, five-year-old electric-vehicle battery maker Romeo Power Inc. said it expected that revenue for the year would be no more than $40 million. That is far shy of the $140 million projected when it raised hundreds of millions of dollars from investors last year.
Author Bio
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . .
Follow @scott81236
If you have an interest in electric vehicles (EVs), you may be trying to keep up with the barrage of SPAC deals that dominated the headlines in 2020. If you think some flew under your radar, it s understandable. According to the website SPAC Insider, there were 248 companies that went public via the SPAC route in 2020, a 320% increase over the 59 deals in 2019 and another 85 so far in 2021.
So let s pump the brakes and take a closer look at
Apple held talks last year with electric van startup Canoo, a new report says. The companies were discussing a possible tie-up to build an electric Apple car.
Canoo Electric Van Launched For $33,000 In The US
Canoo Electric Van Launched For $33,000 In The US
Canoo has unveiled a $33,000 electric van which is a follow-up to its passenger vehicle which was unveiled last year. Now the start-up even says that it is working on an electric pickup truck following the likes of Rivian, Tesla, and Ford.
0 Views View Photos
The Canoo Electric Van s will get a 40 kWh battery pack with 60 & 80 kWh packs also available
Highlights
Canoo is born out of the Faraday Future project which went bankrupt
Canoo has also announced plans for developing an electric pickup
Canoo for the uninitiated is basically the spun-off Faraday Future which was the ill-fated electric car company founded by the LeEco founder, Jia Yueting. It features senior executives from the ill-fated company inlacing Stefan Krause who was the former BMW and Deutsche Bank CFO, and even Ulrich Kranz, who also was BMW s head of EVs. Krause w