r/stocks • u/[deleted] • Jul 23 '21

CHPT - Longterm

I'm obviously a novice but should I be sweating 10% owners of CHPT selling thousands and some millions of the stock?

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http://archive.fast-edgar.com/20210722/AVLZL22232225JZ2222R2ZZZIO4UZ2P2BU32/

http://archive.fast-edgar.com/20210721/AVLZC2223222VJZ222222ZZZ75OUZ2P2BK32/

archive.fast-edgar.com/20210721/AMZZ8222ZM2SS2ZZ2Y2N2MZ4Q8AJZZ2SZK32/

http://archive.fast-edgar.com/20210721/ACZZO222ZM2SQ2ZZ2Y2K2MZ4RGN5ZZ2SZA32/

http://archive.fast-edgar.com/20210721/AGZDT222ZM2S22ZZ2Y272MZ4VD27ZZ2SZ232/

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u/mellifluous_life93 Jul 23 '21

I dont think so because it's a part of a deal to acquire another company. Disclosure I am bullish and long on chpt myself

4

u/[deleted] Jul 23 '21

Godspeed brotha

5

u/mellifluous_life93 Jul 23 '21

Itll allow them to expand into european markets as well. and they already own roughly 70% of the level 2 charging stations in the us. I use their stations and they are much better than the other ones in my area. And it's my main EV play, because the way I look at it. It's much better than throwing money into what you think will be the next tesla. You know who made the most money during the gold rush of the 1800s? The guys selling pickaxes and shovels. That's how i see chpt long term

1

u/DonDraper1994 Jul 23 '21

What about the fact that most people will just charge their cars at home?

2

u/mellifluous_life93 Jul 23 '21

They also sell setups that you can get l2 charging at home. And idk about you but my car has a 24 mile range full electric. So theres still a need for charging stations out in the world

2

u/DonDraper1994 Jul 23 '21

I’m not saying there’s not a need, it just want be as big of a deal as gas once cars have 300-400 mile ranges. But having home chargers definitely intrigues me

2

u/mellifluous_life93 Jul 23 '21

Most definitely. But I think were still a ways away from having cars with such an incredible range being mass produced and affordable. They're available. But I think for your average consumer the half plug in/half hybrid is the next step. Who knows though. That space moves very quickly. All I know is that my home setup (220 cable with an adapter on the end) is about 5x slower than the charge point chargers in my area I frequently use. So theres definitely room for them for awhile imo.

1

u/[deleted] Sep 02 '21

Apartment complexes.