Canoo, Inc. Bites the Dust: Mullen Automotive Is a Better Bet

Key PointsCanoo issued a going concern notice, and its share price fell more than 25%.The company needs cash quickly and may be unable to access capital markets because of existing agreements.Mullen Automotive isn't out of the woods yet but is firing on all cylinders and gaining momentum. Canoo, Inc. NASDAQ: GOEV analysts were bullish on the stock ahead of the Q4 earnings report, but that situation will likely change. The company issued a going concern notice that raises serious doubt about the company’s ab ...