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Jim Cramer - Mad MoneyCanoo GOEVDON'T BUYJan 20, 2021

Likes it, but the EV group has gotten frothy.

Jim Cramer - Mad Money

Unknown

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$17.36

Stock price when the opinion was issued

$0.00

As of Jun 11, 2026. Market Open.

Automotive

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DON'T BUY

Avoid EV stocks that don't make money.

DON'T BUY

They just lose money. Pass

DON'T BUY

In their December SPAC merger, they told the world they were focused on consumer cars and a subscription to sales model and to sell their modular technology to third parties. Last month, they ditch the entire plan. Then the CFO stepped down. Even worse, Canoe was hyping its Hyundai connection to develop an all e-car platform, but have since dialed that down this partnership. The stock has sunk from $15 to $9.

DON'T BUY

An EV play--and this group has been beaten up lately and is a tough space to be in. Look at other businesses to make easier money.

BUY ON WEAKNESS

The EV space got hammered in today's sell-off (after a strong run-up last month). Buying opportunity. He would buy at $12 now.

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