Who ever would have thought that an electric vehicle company whose prototype looked like a smaller, boring version of the Oscar Meyer Weinermobile would have trouble getting off the ground … errrrr … onto the road?
“Electric vehicle start-up Canoo reported first-quarter losses of $125.4 million this week while casting “substantial doubt” on its ability to move forward as a company in Oklahoma and Arkansas,” the Tulsa World reported.
“‘Our business plans require a significant amount of capital,’ Canoo wrote in a regulatory filing to the U.S. Securities and Exchange Commission. ‘If we are unable to obtain sufficient funding or do not have access to capital, we will be unable to execute our business plans and could be required to terminate or significantly curtail our operations and our prospects, financial condition and results of operations could be materially adversely affected.’”
It’s unclear what the future will ultimately hold for the company, which has an operation in Pryor. However, it’s completely clear what the short-term prognosis is for the future of Tesla in the state — there isn’t one.
To be fair, Kevin’s fawning over Musk and Tesla was the second-most embarrassing display of sycophantism over the electric vehicle company CEO.
The top honor goes to the makeover of Tulsa’s Golden Driller statue that replaced “Tulsa” with “Tesla” on its belt and emblazoned the company logo on its chest.They even crafted a cringeworthy mask that supposedly looked like the company’s CEO.
The question remaining now is, will all the pandering be enough to bring Panasonic?
According to Kevin, “Oklahoma is at the one-yard-line of securing a multi-billion dollar investment that will make a generational impact for our state,” he wrote on Twitter this spring.
The site is reportedly being chosen as a partner for Tesla’s plant, which ultimately chose Austin as its production site.
Being at the one-yard line doesn’t equate to a touchdown and Kevin was done worse with more. If Panasonic picks Kansas over Oklahoma, the Republicans ought to take a look at their own roster because it won’t be the opposing team who fumbled this one.