Electric vehicle charging may be booming, but that doesn't mean all EV stocks will be great investments.
ChargePoint (CHPT -3.10%) has ridden the boom in electric vehicle stocks over the past few years, but the company is still losing money, which the market isn't looking upon fondly these days. Is this a stock with too much upside to ignore or one with structural challenges ahead? Travis Hoium answers in the video below.
*Stock prices used were the end-of-day prices of Oct. 27, 2022. The video was published on Oct. 28, 2022.
Travis Hoium has positions in General Motors and has the following options: long January 2023 $15 puts on Blink Charging Co. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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