Through the close of yesterday's trading session, shares of Canoo (NASDAQ: GOEV) seemed to be on track end the week lower than they began. As of 2:12 p.m. ET, shares of Canoo are up 8.5%, having retreated from their earlier rise of 13.4%. After the market closed yesterday, Canoo announced that Ken Manget had been appointed chief financial officer, replacing Ramesh Murthy, who had served as the interim CFO.
The EV sector is starting to mature enough for one widely followed analyst to begin picking winners and losers.
What's being perceived as bad news for Tesla may actually be bad news for its competitors instead.