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Why Canoo Stock Tapped the Brakes Today

Why Canoo Stock Tapped the Brakes Today

Shares of electric automaker Canoo (NASDAQ: GOEV) were sliding today, likely on several pieces of news. First, an analyst cut the company's price target yesterday. Additionally, investors may be getting nervous about the state of the auto industry, as GM announced today that 5,000 of its salaried workers accepted buyouts.