Opinions
Jim Cramer - Mad Money
Canoo
GOEV-Q
DON'T BUY
Apr 14, 2021
$9.160
Stock price when the opinion was issued
Automotive
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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.