Chargepoint (NYSE: CHPT) is facing pressure on multiple fronts as electric vehicle (EV) sales growth slows and the company continues to burn cash. In this video, Travis Hoium shows why Chargepoint needs to turn its business around sooner rather than later.

*Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024.

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Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.