DISCLAIMER: I don't know shit and I have NEVER tried to make a case for a particular stock.
There are about 2 million EVs on the road today. Projections are to sell 4 million by the end of 2024. So that's a 200% increase in charging demand.
Chargepoint has more chargers than anyone but Tesla. In many places public charging is at capacity.
I don't see any way things don't take off but most of what i read says CHPT is a big risk with a questionable future.
If you were having this conversation after the dot com bubble in 2000 you might say “wow, Amazon is really on its ass”. But even then the internet was growing by 20% a month and Amazon was the best online retailer. So no matter how bad it looked, there was no scenario you could envision that would take amazon out of the equation.
I feel like we are in a similar moment. EV growth is inevitable. All you have to do is suck less than your competitors and CHPT seems to meet that criteria.
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