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Tucked inside Canoo’s 2023 earnings report is a nugget regarding the use of CEO Tony Aquila’s private jet — just one of many expenses that illustrates the
They’re a startup that doesn’t yet have a vehicle in full scale production, so any expense will look big in relation to their revenue.
Having said that, a mil and a half for jet rental is pretty bad.
If it’s “only” a million and a half that’s probably not a tremendous amount for a vehicle manufacturer, but it also seems like with no real production yet it might’ve been better to mostly fly commercial and save the charters for when the commercial schedules were really bad.