Interesting concept that Tony believes the mature OEM model produces products that are overly complicated and obsolete, with maximum effort, investing way too much capital. Reliability suffers (Bronco), high warranty costs produce irritated customers when their vehicles need constant visits to the maintenance shop. He thinks when there's an alternative to this people will flock to it.
Canoo products have longer life span because of post use repurpose. Imagine putting the top hat of your vintage VW van in your kitchen or office. Now imagine repurposing top hats of Canoos in your backyard as office cubicles or mini movie theaters.
People lost 2/3+ of their initial investment. When can they get them back? U dont have to say breathing china out. Not a good thing to hear to your investor
