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Canoo Hits Rough Waters: Stitt’s EV Gamble Is Sinking Fast

11:12 AM EST on November 7, 2024

What’s the difference between an Evangelical and a canoe? Canoes tip!

I guess the same goes for the car company Canoo – the fledgling EV automobile startup that Kevin Stitt and the Oklahoma government lavished with a boatload of subsidies based on the whimsical, far-off, very distant chance the company could actually grow into a legit automaker.

That pipe dream hasn’t just tipped over onto its side; it appears to be sinking fast.