Canoo Inc (GOEV)

Canoo Inc Stock (GOEV) dropped by 7.83% from $0.4166 to $0.384 in the trading on Monday October 9, 2023. The reasons why stock GOEV down today includes:

• Cash runs dry: Canoo's options are running out as cash runs dry. And no production ramp to bring in free cash flow appears to be imminent.
• Investor sentiment: Increasing conflict in Israel is causing investors in the U.S. to flee to what they feel are "safe" assets, and money-losing electric vehicle companies don't fit that bill.