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Cash is being burned rapidly at ChargePoint, and more debt isn't good news.
ChargePoint (CHPT 6.30%) continues to be highly valued because of hopes that EV charging will be a great business someday. But Travis Hoium highlights that there's no real evidence that's the case and that ChargePoint is now taking on debt that could increase risk over time.
*Stock prices used were end-of-day prices of July 28, 2023. The video was published on July 31, 2023.
Travis Hoium has no position in any of the stocks mentioned. 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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