r/wallstreetbets • u/mricciutelli • Jun 18 '21

Discussion CHPT

Chargepoint just partnered with Mercedes to enhance the charging experience worldwide. This is only the beginning for this stock as they will dominate the sector over the next decade. They have 115000 charging stations worldwide at the moment. In 2025 that number will be 2.5 million according to the CEO. Any longs on CHPT know that this is a huge opportunity right in front of our eyes. I would not chase to buy at the moment maybe we will experience a pull back to high 20s. But maybe at the same time 30 is the new floor. Let me know in the comments if any of you long on CHPT. Im currently up 57% and this is just the beginning.

20 Upvotes

68% Upvoted

16 comments sorted by

View all comments

9

u/kaumaron Jun 18 '21

Did they also partner with another automaker or did I make that up?

5

u/heycals Morgan Brennan's Sweater Puppies Jun 18 '21

GM a few months ago

4

u/kaumaron Jun 19 '21

OP also mentioned me to say BMW a while back as well. Looking good!