Motley Fool

Why Canoo Holdings Stock Is Sharply Higher Today

Shares of electric vehicle start-up Canoo Holdings (NASDAQ: GOEV) were moving higher on Tuesday, after the company reported third-quarter earnings and said it will begin production of its first vehicle sooner than expected. As of 3 p.m. EST, Canoo’s shares were up about 18.3% from Monday’s closing price. Canoo reported its third-quarter results after the U.S. markets closed on Monday, and they were better than expected.

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