Why Shares of EV Maker Canoo Rose but Then Fell Monday
Start-up electric vehicle (EV) maker Canoo (NASDAQ: GOEV) provided two bits of news to start the week, and investors initially pushed the stock higher as a result. The good news from the company was that it now has a long-term lease agreement for a manufacturing facility in Oklahoma. The company had previously said it was looking to locate its factory in the state, and now has a 10-year lease agreement for the plant.