Why ChargePoint Won't Turn a Profit for Years to Come

ChargePoint (NYSE: CHPT) is at the leading edge of the electric vehicle (EV) transition. Although it doesn't make vehicles, it does provide the vital charging products and services that are needed for widespread adoption of EVs. It is an exciting story in many ways, but there's a small problem that investors need to understand before they buy it. ChargePoint is bleeding red ink, and there's no sign that this is going to change anytime soon.Without getting too deep into the technological woods, ChargePoint makes EV charging products and offers EV charging services. It is a picks-and-shovels type investment in the electric vehicle arena, since you need to charge an EV battery if you want to drive it. ChargePoint isn't as "sexy" as Tesla (NASDAQ: TSLA), which makes cars and charging systems (along with a host of other things). But ChargePoint is serving the broader EV ecosystem, which now includes electric vehicles from just about every major auto manufacturer.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool