Canoo: There Is A Glimpse Of Hope But Hold

Summary:

  • Canoo Inc. has experienced a significant decline in share performance, underperforming the S&P 500 by 133%.
  • The company recently implemented a share split to comply with listing requirements, but investor confidence remains low.
  • Despite challenges, Canoo has promising aspects such as new board appointments, recent financial milestones, and asset acquisitions, but solvency remains a concern.
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Investment Thesis

Canoo Inc. (NASDAQ:GOEV) is a mobility tech company that engages in electric vehicles for commercial and consumer usage in the US. The company has been registering awful performance, with its shares plummeting by more than 99% over the last three


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