In the year or so since the stock market hit its peak on Jan. 3, 2022, shares of electric vehicle (EV) company Canoo (NASDAQ: GOEV) have tumbled roughly 85%, according to data from S&P Global Market Intelligence.

The last year of trading has been brutal for EV stocks generally, with high inflation, rising interest rates, and fears that a recession is on the horizon prompting severe valuation contraction for most companies in the space. 

Image source: Canoo. 

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Source Fool.com