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Why Canoo Could Be a 10X Stock in the Making

Canoo is extremely high risk, but it's also high reward for investors.

By Travis Hoium – Jan 10, 2024 at 4:00PM EST

Shares of Canoo (GOEV 60.00%) have struggled lately as the company runs tight on cash, but there's potential growth ahead. Shipments of vehicles have begun, and funding is being tapped from a variety of sources.

In this video, Travis Hoium covers the risks and rewards for Canoo, which has a chance to be a top-performing electric vehicle (EV) stock in 2024.

*Stock prices used were end-of-day prices of Jan. 9, 2023. The video was published on Jan. 9, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium 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. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Canoo Stock Quote
Canoo
OTC: GOEVQ
$0.00
(-60.00%)-$0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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