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The EV Market Is Accelerating, but Canoo Stock Could Be Left Behind

Chris Neiger, The Motley Fool
Updated ·4 min read
The EV Market Is Accelerating, but Canoo Stock Could Be Left Behind

Canoo (NASDAQ: GOEV), which is working on multiple EV models, has some grand plans for the EV market, but there are three reasons why this electric vehicle maker could miss out on the industry's growth over the next few years. One of the biggest problems facing Canoo right now is the company's lack of production. While Canoo went public back in 2020, it wasn't until just a few months ago that the company delivered its first-ever vehicle to a customer.

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