![]() The Campbell, California company operates in 14 countries, with more than 163,000 EV chargers by October 2021 and an additional 2,000 chargers added per month.įor the entirety of late 2020 to early 2021, Chargepoint surged in value, mostly due to its impending reverse merger at the time. The entire industry almost works in lockstep with his takes, hence its role as the category captain for the industry.ĬhargePoint Holdings, Inc is an alternative EV charging station located in North America and Europe.ĬhargePoint went public after Switchback Energy Acquisition (NYSE: SBE) acquired the company through a special acquisition company reverse merger in February 2021, with the latter going with the CHPT ticker. There’s also growing competition for the company that was once the only game in the market, but Elon’s words still inform stock investors on whether they can be confident in the industry or they should turn somewhere else. Regardless, the company’s EV stocks already came back to early 2021 numbers, mostly due to supply chain issues for the company.ĭespite Tesla’s successful financial results, Elon Musk’s comments on the delays for the Cybertruck, including a less than ideal growth projection for the company, spooked investors, pushing for a sharp dip. Tesla had a surge over the last quarter of 2021, leading to its highest value ever. Tesla’s stock price has grown exponentially over the past year and has consistently been in the news. Since Tesla has such a significant market share in the EV industry, adding them to your portfolio as a long-term investment makes sense. ![]() The only way to charge a Tesla is through one of its charging stations – it can’t charge at any other type of charging station. Unlike many other EV companies, Tesla has its own charging stations around the US called Superchargers. With celebrity entrepreneur Elon Musk at the helm, Tesla generated a huge amount of hype around its sleek, energy-efficient cars. This company pushed EVs to the forefront of public consciousness over the past few years. We can’t talk about electric vehicles without mentioning Tesla. Best EV Charging Stocks Tesla (NASDAQ: TSLA) Several companies are currently developing EV charging stations competing to build the biggest charging network in the US, but we have yet to see a frontrunner emerge. Of course, as there are more e-vehicles on the road, we will need to build more charging stations. The recent success of companies like Tesla proves that there is a real demand for electric vehicles, which will only increase over time.
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