Canoo Inc. (NASDAQ:GOEV) Q3 2023 Earnings Call Transcript

Tony Aquila: So it’s been — our team has renegotiated a lot of deals with our suppliers. They’ve been huge contributors. In addition to that, we’ve seen a reduction in our CapEx. We’ve also been able to utilize better labor arbitrage between California, if you will, and Oklahoma. I mean, for all those that have businesses, I strongly encourage them to look at the state of Oklahoma. It’s an amazing workforce and it’s got a lot of upside in it. Cost of living is great. So we’re picking it up from — like think of it like when you’re reading out the water all funnels down to the center and — but it’s coming from all places.

Stephen Gengaro: Okay. Great. And that was all from me. Thank you.

Operator: And there are no further questions at this time. I’ll hand the floor back to management for closing remarks.

Tony Aquila: Again, we’d like to thank everybody. A big shout out to our believers and investors, those that have supported us with instruments that continue to work with us on our equipment needs, the shocking system of introducing a democratized assembly line build-out, and a big shout out to some of our partners that helped us bring the material that is much more ecological to the industry for the first time. And for those of you that come and visit us, you’ll see what that is. Thank you.

Operator: Thank you. And that concludes today’s call. All parties may disconnect. Have a good evening.