Electric vehicle stocks meandered to a mixed close in the week ending Nov. 11, with earnings news and the broader market sentiment serving as catalysts. Tesla, Inc.
Canoo (NASDAQ:GOEV) reported quarterly losses of $(0.43) per share which beat the analyst consensus estimate of $(0.48) by 10.42 percent. This is a 22.86 percent decrease over losses of $(0.35) per share from the same
Canoo (NASDAQ:GOEV) is set to give its latest quarterly earnings report on Wednesday, 2022-11-09. Here's what investors need to know before the announcement.
Analysts estimate that Canoo will report an earnings per share (EPS) of $-0.48.
Electric vehicle stocks mostly declined in the week ending Nov. 4, as another big rate hike delivered by the Federal Reserve weighed on risk appetite. Market leader Tesla, Inc.
Gainers
Mullen Automotive (NASDAQ:MULN) stock increased by 14.7% to $0.39 during Thursday's pre-market session. The company's market cap stands at $223.4 million.