EV Charging Stocks Crash

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Wall Street sees moves overblown, especially for ChargePoint



Tesla Shares Set a Record as Several EV Charging Firms Add Tesla Connectors



Tesla's NACS is known to be more compact and lighter, making it easier for motorists to use.

https://www.bloomberg.com/news/articles/2023-06-09/chargepoint-ev-charging-stocks-sink-in-wake-of-gm-tesla-pact#xj4y7vzkg

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Why ChargePoint Stock Plunged

Now, several EV makers in the U.S. are adopting Tesla's format. Ford, General Motors, and most recently Rivian Automotive have agreed to add Tesla's NACS adaptor and make the NACS charge ports standard on future vehicles. That has investors running from charging companies like ChargePoint that hadn't included NACS ports at its charging stations.

https://www.fool.com/investing/2023/06/23/why-chargepoint-stock-plunged-this-week/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article