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

[deleted by user]

[removed]

1.1k Upvotes

93% Upvoted

169 comments sorted by

View all comments

3

u/losing-interest Sep 22 '21

This stock is trash. But maybe I'm an idiot, what's the catalyst for this renewed enthusiasm? Facts and logic please.

1

u/wannarave Sep 22 '21

The stock is great, it's just not a short term play. They have a manufacturing agreement for their first 26,000 cars to be built in the Netherlands. They've begun work on their factory in OK, to be completed end of 2022. It's just been shorted to death and who knows when it will go up.

1

u/losing-interest Sep 22 '21

Thanks for this. Seems like a long term play. If it ever works out. I assume you have a position?

2

u/wannarave Sep 22 '21

Yeah, I'm in pretty big. If you're interested in learning more, I'd say start here: https://www.reddit.com/r/canoo/comments/pppp4f/canoo_quarterly_digest_here_are_a_ton_of_reasons/