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Dipanjan Banchur

This EV Stock More Than Doubled After Key Order From Walmart. But Is It a Buy?

GOEV Walmart WMT Dipanjan BanchurSince Auto Vehicle Manufacturers Canoo Inc SPAC

Canoo Inc. (GOEV) is a mobility technology company engaged in designing, engineering, and developing electric vehicles (EVs) for the commercial and consumer markets. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups.

GOEV’s stock has gained close to 70% since the news release that Walmart Inc. (WMT) signed a definitive agreement with the company on July 12 to buy 4,500 all-electric delivery vehicles starting with the Lifestyle Delivery Vehicle (LDV).

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