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Canoo (GOEV) Stock Popped 17%; What Happened?
The electric-vehicle start-up Canoo (GOEV) shares rallied 16.8% after closing at $11.05 on June 15. Canoo, which made its Nasdaq debut on December 22, 2020 and is still in the nascent stages of development, has not yet commenced production and sale of products. The company plans to launch its first lifestyle vehicle in late 2022, following it up with a delivery vehicle in 2023 and a sports vehicle in 2025. However, the company is making all efforts to gain a toehold in this fiercely competitive
