Here's 1 Big Reason Why ChargePoint Shareholders Should Be Worried

ChargePoint is building an asset-light EV charging business, but that doesn't mean investors shouldn't worry about the model. Where is ChargePoint's money going? For example, in fiscal 2024, ChargePoint spent roughly $221 million on research and development (R&D). Another $150 million or so went toward sales and marketing. It doesn't break out the cost of trying to influence regulatory issues, but that isn't really needed here. That's because the company's gross profit was just over $30 million. Its gross p ...