Should You Buy ChargePoint While It's Below $2?

The electric vehicle (EV) industry is still in its early stages in the U.S., and its near-term outlook isn't exactly rosy. While automakers still say they're committed to EVs, many have scaled back production goals or paused some investments.Meanwhile, consumers have turned their attention to hybrids, which are often cheaper than their all-electric counterparts. And the U.S. government is backing away from previous commitments to invest in EV charging infrastructure.Around this time last year, shares of ChargePoint Holdings (NYSE: CHPT), which sells EV chargers, reached a 52-week high of $2.44. But its share price has cratered since then, and investors are trying to determine if now is a good time to buy this EV stock. Here are two reasons it's probably a bad idea.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool