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Canoo spent double its annual revenue on the CEO's private jet

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Re: Canoo spent double its annual revenue on the CEO's private jet

#111

Post by Karellen »

gumptionary wrote: post #25

Tony Aquila is the CEO of both companies - Canoo and Aquila Family Ventures. I'll never understand why it's okay for CEOs to have multiple concurrent jobs, while one of the biggest fervors of the pandemic was when employees were found to have... multiple concurrent jobs.

Because CEO's decide which is okay and which isn't, and because fuck you, that's why.

No, it's not logical, or consistent, or rationally defensible. They don't give a shit, and they don't believe they have you answer to you. If they choose to give any answer at all, it will be bullshit in the "On Bullshit" sense of the word; the answer will not be made with any consideration for truth, but just to provide whatever words the speaker thinks will shut you up.

Re: Canoo spent double its annual revenue on the CEO's private jet

#112

Post by blackhawkC17 »

ryandrake wrote: post #91
pbhjpbhj wrote: post #82

Earlier quoted context omitted.

I suppose you believe all these billionaires are self-made and that having a handout of hundreds of thousands of dollars, and a network of very rich people you know to make investments, made no difference. 'Anyone can succeed through hard work'. The really rich CEOs collect imaginary karma points on X ...

A lot of bad in our society can be explained by the fact that a lot of people seriously believe that some people are inherently better than others, and deserve to be at the top of the hierarchy, to follow different rules, to get more than one vote, that they are "elite" and should therefore get better treatment. Egalitarianism is not a universally held doctrine. I thought the downvotes were coming from people who did…

People aren't inherently better than others, but people are infinitely better at some things than others.

Terrence Tao is inherently better at mathematics than I am, and I'd be a fool to claim otherwise. Torvalds is a much better programmer than I am. There are endless examples.

Re: Canoo spent double its annual revenue on the CEO's private jet

#113

Post by gomox »

bdcravens wrote: post #71
brandall10 wrote: post #41

Earlier quoted context omitted.

It’s also worth noting the projected revenue for 2024 is 50-100M.

From their recent 10K filing: "Our management has performed an analysis of our ability to continue as a going concern and has identified substantial doubt about our ability to continue as a going concern. If we are unable to obtain sufficient additional funding or do not have access to additional capital, we will be unable to execute our business plans and could be required to terminate or significantly curtail our o…

That's just boilerplate that any unprofitable business has in their filings, to prevent lawsuits over undisclosed risks.

Re: Canoo spent double its annual revenue on the CEO's private jet

#114

Post by tekla »

willcipriano wrote: post #72
skhunted wrote: post #61

Earlier quoted context omitted.

What other President profited from government employees being forced to rent rooms at his hotels? You really have to be deep in the cult to not see a problem with this.

[flagged]

And this is a response how?

Re: Canoo spent double its annual revenue on the CEO's private jet

#115

Post by imtringued »

Solvency wrote: post #104
Climato wrote: post #43

Earlier quoted context omitted.

You need at least 400 Million to enter the car manufacturer market. The investment does sound absolutely reasonable at this point.

Can someone explain why people try to make new cars from the ground up, rather than "fork" a base platform from GM/Toyota/KIA/whoever with a different design and little features? This happens in literally every other market and industry. hell, just look at PCs and laptops. Like why can't a Canoo or Rivian license a base EV platform and come up with their own chassis design, infotainment system, and other little thing…

VW does this internally. They own the VW, Seat and Skoda brand. The up!, Skoda City Go and Seat Mii are virtually identical.

Re: Canoo spent double its annual revenue on the CEO's private jet

#116

Post by simonbarker87 »

Solvency wrote: post #104
Climato wrote: post #43

Earlier quoted context omitted.

You need at least 400 Million to enter the car manufacturer market. The investment does sound absolutely reasonable at this point.

Can someone explain why people try to make new cars from the ground up, rather than "fork" a base platform from GM/Toyota/KIA/whoever with a different design and little features? This happens in literally every other market and industry. hell, just look at PCs and laptops. Like why can't a Canoo or Rivian license a base EV platform and come up with their own chassis design, infotainment system, and other little thing…

Even doing that is going to run you at least $100 million and you still have many of the risks associated with developing your own platform without anywhere near the number of escape hatches due to significant lock in.

This has recently happened to a well known EV company relying on just the electrical platform from a well known and highly respected auto maker that they have a good relationship with. It means they’ve had to go looking at other platforms (again, just the electrical platform) and has put the whole company at risk.

Re: Canoo spent double its annual revenue on the CEO's private jet

#117

Post by bionsystem »

Solvency wrote: post #104
Climato wrote: post #43

Earlier quoted context omitted.

You need at least 400 Million to enter the car manufacturer market. The investment does sound absolutely reasonable at this point.

Can someone explain why people try to make new cars from the ground up, rather than "fork" a base platform from GM/Toyota/KIA/whoever with a different design and little features? This happens in literally every other market and industry. hell, just look at PCs and laptops. Like why can't a Canoo or Rivian license a base EV platform and come up with their own chassis design, infotainment system, and other little thing…

It does happen, for example Paccar is a truck designer and sells licenses (apparently they also manufacture trucks but I think they used to only design them, although I'm not sure). I think some european makers do that as well and I would be surprised if Ford or GM doesn't. At least GM planned to buy (not sell) designs to Nikola if they ever managed to finish one (which I think they didn't in time for the deal to go through).

Re: Canoo spent double its annual revenue on the CEO's private jet

#118

Post by dmoy »

Solvency wrote: post #104
Climato wrote: post #43

Earlier quoted context omitted.

You need at least 400 Million to enter the car manufacturer market. The investment does sound absolutely reasonable at this point.

Can someone explain why people try to make new cars from the ground up, rather than "fork" a base platform from GM/Toyota/KIA/whoever with a different design and little features? This happens in literally every other market and industry. hell, just look at PCs and laptops. Like why can't a Canoo or Rivian license a base EV platform and come up with their own chassis design, infotainment system, and other little thing…

People do fork.

Tesla's original was a fork of a Lotus. They got the whole chassis/etc from Lotus, dropped in their own drive train and other stuff. Other reply mentioned paccar.

Idk why it doesn't happen more often. I suspect most manufacturers aren't willing to license like that.

Re: Canoo spent double its annual revenue on the CEO's private jet

#119

Post by ThrowawayR2 »

ryandrake wrote: post #91
pbhjpbhj wrote: post #82

Earlier quoted context omitted.

I suppose you believe all these billionaires are self-made and that having a handout of hundreds of thousands of dollars, and a network of very rich people you know to make investments, made no difference. 'Anyone can succeed through hard work'. The really rich CEOs collect imaginary karma points on X ...

A lot of bad in our society can be explained by the fact that a lot of people seriously believe that some people are inherently better than others, and deserve to be at the top of the hierarchy, to follow different rules, to get more than one vote, that they are "elite" and should therefore get better treatment. Egalitarianism is not a universally held doctrine. I thought the downvotes were coming from people who did…

Egalitarianism is about equal social treatment and rights, not equal ability.

Re: Canoo spent double its annual revenue on the CEO's private jet

#120

Post by Solvency »

JoshTriplett wrote: post #108
Solvency wrote: post #104

Earlier quoted context omitted.

Can someone explain why people try to make new cars from the ground up, rather than "fork" a base platform from GM/Toyota/KIA/whoever with a different design and little features? This happens in literally every other market and industry. hell, just look at PCs and laptops. Like why can't a Canoo or Rivian license a base EV platform and come up with their own chassis design, infotainment system, and other little thing…

How enthusiastic do you think those companies would be if someone came to them wanting to license their design perpetually and use it to compete with them? And even if that is something they're willing to do (which they might be), the terms would then make it difficult to ever do something that isn't based on that platform, since the manufacturer whose design is licensed would likely object that the new design was st…

there isn't a single electric vehicle on the market that looks anything like the international scout, FJ40, or any classic rugged vehicle. Look at how much icon4x4 restorations go for. There are wealthy people out there with great taste, but no big auto manufacturer seems to want to produce a chassis with this aesthetic.

So why wouldn't Ford or GM be cool with letting a smaller label do this and testing the market?

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