Canoo Has Invested $1.5 Billion, and It's Not Done Yet

By Parkev Tatevosian, CFA – Aug 29, 2023 at 4:27PM

NASDAQ: GOEV

Canoo

Market Cap

$179M

Today's Change

(2.59%) $0.07

Current Price

$2.77

Price as of April 26, 2024, 4:00 p.m. ET

The company is hoping to get production ramped up to generate revenue.

Fool.com contributor Parkev Tatevosian discusses Canoo's (GOEV 2.59%) investments to date and its strategy to get sales rolling.

*Stock prices used were the afternoon prices of Aug. 27, 2023. The video was published on Aug. 29, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.