Canoo stock slumps to all-time low amid liquidity issues (NASDAQ:GOEV)
Henrik5000/E+ via Getty Images EV startup Canoo Inc. (NASDAQ:GOEV) saw its stock slip to its lowest level on record on Monday. Shares of the Benton...
Henrik5000/E+ via Getty Images EV startup Canoo Inc. (NASDAQ:GOEV) saw its stock slip to its lowest level on record on Monday. Shares of the Bentonville, Arkansas-based electric vehicle fell over 3% in the opening hours of the week's trading, adding to deep drawdowns over the past year. While 2022 was set to be a landmark year for the company, with production of the Canoo Lifestyle Vehicle planned for the back half of the year, liquidity issues have loomed over this timeline. Indeed, amid the recent selloff in formerly high-flying, but cash-burning names, Canoo (GOEV) disclosed doubts about the company to continue to operate as a going concern.