Canoo: Buy, Sell, or Hold?
Canoo (NASDAQ: GOEV) has dreams of revolutionizing electric vehicles (EVs), bringing futuristic designs and a unique technological approach. However, the EV-maker's stock is down 99% since 2020, and for good reason.
Its financial situation is uncertain, and the company continues to dilute shareholders to fund operations. If you're thinking about purchasing Canoo stock today because of its low share price, consider the following first.
Canoo is an EV company aiming to bring a unique approach to EVs with its futuristic look and advanced technology. The company has announced several vehicles as part of its lineup, including an electric van (Canoo Lifestyle Vehicle), an entry-level van (Multipurpose Delivery Vehicle or MPDV), and an electric pickup truck.
Source Fool.com
