Two Cheap EV Stocks You Better Avoid
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Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Sign up now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/ddTklWkYFQ4. Fisker stock and ChargePoint stock are just two EV stocks trading at "cheap" valuations compared to what they traded at back when their respective SPACs debuted. Then again, what EV SPAC isn't trading at significant discounts? Well, LiveWire for one, but that's a topic for a different day. Today we're going to look at why Fisker FSR stock took a beating and whether there's value to be had there. The good news is that they're producing and delivering vehicles. The bad news is that they're spending a lot of money trying to sell vehicles all over the world when they ought to be focused on getting domestic sorted first. Then there's ChargePoint CHPT stock which just churned their CEO and CFO, then dropped their revenue guidance. They're also going to need to reach positive operating cash flows because otherwise, they'll find it increasingly difficult to raise cash. In short, we wouldn't be buying the dip for either of these stocks.
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