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Canoo Ain’t Tesla

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

There is an electric car maker call Canoo, which makes eye-catching beauties like these:

As with so many other wanna-bes, Canoo wanted to ride that sweet wave of Tesla love that propelled it to $1243 and made Elon the richest man on the planet.

Well, as with every other Tesla wanna-be………….it’s just another SPAC wipeout, with a greater than 90% drop:

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