Electric vehicle (EV) startup Canoo is preparing to begin delivery of its first Oklahoma-built units, with the initial batch going to the state.
Canoo is set to begin delivering its first units of the Lifestyle Delivery Vehicle (LDV), produced at its Oklahoma City plant, to the state’s Office of Management and Enterprise Services (OMES), according to a press release shared on Monday. OMES plans to purchase its first three LDV units by the end of this year, and the parties have an agreement with Oklahoma for as many as 1,000 of the LDVs while Canoo continues ramping manufacturing.
“We are proud to be part of this historic moment as Canoo builds momentum on its road to full-scale production,” Oklahoma Governor Kevin Stitt said in the release. “This marks Oklahoma’s return to vehicle manufacturing and proves ‘The Sooner State’ is the right place to grow cutting-edge businesses and create new jobs.”
The milestone marks the beginning of Canoo’s plans for phased-ramp manufacturing in Oklahoma, with the company planning to continue ramping production in the coming years. The release also says that unit deliveries will be made to Canoo’s key customers and partners in the remainder of this year, and the company plans to increase delivered units in 2024.
Additionally, the electric vehicle (EV) maker is hiring at both its Oklahoma City and Pryor facilities, expected to create as many as 1,300 jobs. The automaker also announced its American Bulldog pickup just last week, entering the increasingly-competitive electric truck sector.
-->Sculpted with grit, powered by innovation. The American Bulldog is paving new trails for the next generation of EV technology.#EV #Canoo #AmericanBulldog pic.twitter.com/dfl0Ptz2Ol
— Canoo (@canoo) November 10, 2023
“It’s an honor to partner with the state of Oklahoma and its workforce to create a legacy for electric vehicles in America’s Heartland,” Canoo Chairman and CEO Tony Aquila said.
“What is inspiring to me is that it takes just a small group of innovators and hardworking believers who find a way to win. I want to thank Governor Stitt and his team for believing in us. We want our vehicles to provide service to Oklahomans who have been our partners through this journey.”
The LDVs are built on Canoo’s configurable, multi-purpose platform and are intended for commercial and government fleet customers. Last December, Canoo delivered its very first units, Light Tactical Vehicles (LTVs), to the U.S. Army. In July, the startup also delivered three Crew Transportation Vehicles (CTVs) to NASA.
-->Canoo says the vehicles are also made to help fleet operators cut operating costs, a point that was reiterated in the announcement by OMES Executive Director John Suter.
“We are excited to add Canoo vehicles to the state’s pooled fleet as part of a broader initiative to improve efficiency, cut waste and improve stewardship of taxpayer dollars,” Suter said. “We look forward to evaluating these new assets and the role they can play in modernizing Oklahoma’s vehicle use.”
The startup has also elicited large fleet orders from commercial customers, including Walmart, Zeeba and Kingbee.
Updated 11/15/23: Corrected the second paragraph to note that OMES is purchasing the initial units by the end of this year, after originally reporting that the first few units had already begun delivery.
Canoo continues rapid production expansion with yet another new facility
-->What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla appears to be making a change to its exterior side repeater cameras, which are used for the company’s Full Self-Driving suite, and other features, like Sentry Mode.
The change appears to be a potential upgrade in preparation for the AI5 suite, which CEO Elon Musk said will be present on a handful of vehicles next year, but will not be widely implemented until 2027.
Currently, Tesla uses a Sony sensor lens with the model number IMX963, a 5-megapixel camera with better dynamic range and low-light performance over the past iteration in Hardware 3 vehicles. Cameras in HW3 cars were only 1.2 megapixels.
However, Tesla is looking to upgrade, it appears, as Tesla hacker greentheonly has spotted a new sensor model in its firmware code, with the model number IMX00N being explicitly mentioned:
Looks like Tesla is changing (upgrading?) cameras in (some?) new cars produced.
Where as HW4 to date used exterior cameras with IMX963, now they (might potentially) have something called IMX00N— green (@greentheonly) December 1, 2025
Sony has not announced any formal specifications for the IMX00N model, and although IMX963 has been used in AI4/HW4 vehicles, it only makes sense that Tesla would prepare to upgrade these external cameras once again in preparation for what it believes to be the second hardware iteration capable of fully autonomous self-driving.
Tesla has maintained that AI4/HW4 vehicles are capable of self-driving operation, but AI5 will likely help the company make significant strides, especially in terms of overall performance and data collection.
Tesla last updated its exterior cameras on its vehicles back in early 2023, as it transitioned to the 5-megapixel IMX963. It also added additional cameras to its vehicles in January with the new Model Y, which featured an additional lens on the front bumper to help with Full Self-Driving.
Tesla’s new self-driving computer (HW4): more cameras, radar, and more
Tesla sees sharp November rebound in China as Model Y demand surges
Tesla bear gets blunt with beliefs over company valuation
