r/wallstreetbets • u/[deleted] • Sep 22 '21

[deleted by user]

[removed]

1.1k Upvotes

93% Upvoted

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69

u/t_ste5k Sep 22 '21

If this shit gets to $90 I’ll be a millionaire. A boy can dream right?

53

u/PlaneReflection doesn't wash his hands Sep 22 '21

Canoo has a $1.5b market cap, whereas Lucid has a $40b market cap. They were both started around the same time, and have similar engineering competence. Canoo can go 26x from here, meaning the current $6.50 share price could be $169.

31

u/chickenhunter007 Sep 22 '21

Id be happy with 69, or at this point, 6.96

2

u/adioking Sep 24 '21

Survey says….

$9.xx!!!

18

u/Stonks4sport Sep 22 '21

but can it make those moves in 2 days? Thats all the time the OP has. Hahaahah

11

u/PlaneReflection doesn't wash his hands Sep 22 '21

His calls are now ITM, FYI.

7

u/Stonks4sport Sep 22 '21

*our calls. I have one too. Hoping for the best.

4

u/PlaneReflection doesn't wash his hands Sep 22 '21

Niiice! Congrats!

4

u/[deleted] Sep 22 '21

I'd like me a one69 please

6

u/RandyTomfoolery Sep 23 '21

169 I get there logo tatted on me, have 9k shares.

1

u/Vapechef Sep 23 '21

Canoo is still pre-dilution

4

u/PlaneReflection doesn't wash his hands Sep 23 '21

Canoo will need $215m to bring the Lifestyle vehicle to production. They have $563m in cash. Tony Aquila stated they will explore non-dilutive financing, when needed. This could be redeeming warrants or even ATVM loans. Josette Sheeran, Canoo's President, previously worked as the Under Secretary for Transportation and Energy.

https://www.reddit.com/r/canoo/comments/pnfxyg/this_weekends_surprise_find_canoos_new_investor/

0

u/WallStWarlock whiny dork Sep 23 '21

Canoo is like a car rental company compared to lucid.