What's Going On With EVgo Shares Today
Portfolio Pulse from Henry Khederian
EVgo shares are trading lower due to downward momentum following the recent announcement of General Motors' partnership with Tesla to utilize its charging network. The collaboration aims to accelerate mass EV adoption and establish a unified North American charging standard.
June 12, 2023 | 3:26 pm
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EVgo shares are trading lower due to the recent announcement of General Motors' partnership with Tesla, which may impact EVgo's charging network market share.
The partnership between General Motors and Tesla to utilize Tesla's charging network may lead to increased competition for EVgo, potentially impacting its market share and causing its stock price to decline in the short term.
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