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Is Canoo Stock a Buy?

Is Canoo Stock a Buy?

The small electric vehicle (EV) start-up Canoo (NASDAQ: GOEV) went public in the final days of 2020 when the market was booming and investors generally assumed EVs couldn't lose. While the S&P 500 has gained 12% since then, Canoo's stock has plummeted 95%. All start-ups need tons of cash before they can stand on their own two feet, but Canoo's financial picture seems precarious even by these standards.