ChargePoint shares are trading lower after GM said it would partner with Tesla to use its charging network.
Portfolio Pulse from Benzinga Newsdesk
ChargePoint's stock is trading lower after General Motors announced a partnership with Tesla to use its charging network.
June 09, 2023 | 1:37 pm
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NEGATIVE IMPACT
ChargePoint shares are negatively impacted by GM's partnership with Tesla for charging network usage.
ChargePoint's stock is trading lower due to the announcement of General Motors partnering with Tesla for charging network usage. This partnership indicates that GM prefers Tesla's charging network over ChargePoint's, which could lead to reduced demand for ChargePoint's services and negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100