Canoo stock price could see heightened volatility around

Canoo stock price could see heightened volatility around the upcoming FOMC meeting as interest rate expectations ripple through growth and tech stocks. Canoo : This Zacks Rank #2 company is engaged in developing breakthrough electric vehicles with a proprietary and highly versatile EV platform for personal and business use. 4. Competition in the EV Market The electric vehicle market is becoming increasingly competitive, with established automakers and new entrants vying for market share. Key competitors include: Tesla: The leader in the EV space continues to innovate and expand its offerings. Rivian and Lucid Motors: These newer companies are also capturing attention with their unique products and business models. Canoo stock price gained 3.5% yesterday after management confirmed progress on its Oklahoma manufacturing plant, a key catalyst to meet 2024 delivery commitments.