EVgo Not Sweating Tesla's Charger Pullback -- Market Talk

Dow Jones05-08

1429 ET - EVgo is framing Tesla's unexpected layoffs in its charging network business as a positive. CEO Badar Khan says on a call with analysts that if the move by Tesla will allow for more affordable vehicles, that is a net positive for the industry. Khan says affordability is key to adoption, and he points out that companies like EVgo are adding public charging stations at a faster pace than in previous years. He's also not worried about spooked investors: "I expect capital will be more interested in participating in the space in this new competitive context, allowing companies like EVgo to plug the gap left behind," he says. EVgo shares fall 11%. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

May 07, 2024 14:29 ET (18:29 GMT)

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He's also not worried about spooked investors: \"I expect capital will be more interested in participating in the space in this new competitive context, allowing companies like EVgo to plug the gap left behind,\" he says. EVgo shares fall 11%. 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CEO Badar Khan says on a call with analysts that if the move by Tesla will allow for more ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433363037","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433363037","pubTimestamp":1715106540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1429 ET - EVgo is framing Tesla's unexpected layoffs in its charging network business as a positive. 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