Should You Buy ChargePoint While It's Trading Below $1?
The electric vehicle (EV) industry is facing a multitude of headwinds right now. Tariffs, rising EV prices, and a worsening political environment for electric vehicles are causing turmoil among automakers. And the effects are being felt among the broader EV industry, including for electric vehicle charging company ChargePoint (NYSE: CHPT).The company's share price has fallen 60% over the past year and is now priced below $1. The pullback has some investors wondering whether they should buy the beaten-down EV stock. Here's why you shouldn't.Image source: Getty Images.Continue reading
The electric vehicle (EV) industry is facing a multitude of headwinds right now. Tariffs, rising EV prices, and a worsening political environment for electric vehicles are causing turmoil among automakers. And the effects are being felt among the broader EV industry, including for electric vehicle charging company ChargePoint (NYSE: CHPT).
The company's share price has fallen 60% over the past year and is now priced below $1. The pullback has some investors wondering whether they should buy the beaten-down EV stock. Here's why you shouldn't.
Image source: Getty Images.
