Why Canoo Stock Jumped 35% in July
Canoo (NASDAQ: GOEV) stock logged its best monthly performance so far in 2023 last month when it surged 35%, according to data provided by S&P Global Market Intelligence.
Canoo has designed a modular, purpose-built electric chassis platform that can be customized for a variety of electric vehicles. The company is building three types of EVs based on the platform: a lifestyle delivery vehicle (LDV), a multipurpose delivery vehicle, and a pickup truck. In July, investors got a glimpse of the kind of potential Canoo's interesting business model could have.
Canoo delivered three new crew transportation vehicles (CTVs) to NASA in mid-July. The CTVs will carry fully suited astronauts, flight support crew, and equipment for nine miles to the launch pad at the Kennedy Space Center in Florida for NASA's Artemis lunar missions.
Source Fool.com
