IB Net Payout Yields Model

ChargePoint: Still Priced For Perfection

Update - June 9, 2023

Tesla is now working with both Ford and General Motors on charging stations. ChargePoint appears in a bad spot now with the stock headed for new lows. 

-General Motors (NYSE:GM) announced a collaboration with Tesla to integrate the North American Charging Standard connector design into its electric vehicles beginning in 2025.

-The collaboration between the legacy Detroit auto powerhouse and Austin electric vehicle giant will expand access to charging for General Motors (GM) EV drivers at 12K Tesla Superchargers. The agreement is said to complement GM's ongoing investments in charging, as well as reinforce the focus on expanding charging access across home, workplace, and public spaces. The charging deal builds on the more than 134K chargers available to GM EV drivers today through the company's Ultium Charge 360 initiative and mobile apps.

Finviz Chart

Original article posted on May 31

  • ChargePoint Holdings, Inc. is set to report FQ1 2024 earnings on Thursday June 1 post-market.
  • The charging station company is forecast to report another large loss at $0.17 per share.
  • The key focus is the Subscription revenue growth and the related margins.
  • CHPT stock should be sold on all rallies due to the limited gross profits from low calorie revenues.
ChargePoint Holdings, Inc. (NYSE:CHPT) is bouncing heading into FQ1'24 earnings due to a somewhat bullish analyst call. The electric vehicle ("EV") charging station company still has a structurally problematic business model unlikely altered by the upcoming quarterly

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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