EVgo: Perhaps The Most Interesting EV - EV Charging Story Today -- October 3, 2024

Locator: 48477EVS.

Ticker:

EVgo (EVGO): not to be confused with Canoo (GOEV): EVgo  (EVGO) ticker spikes 64% today on news that company received $1-billion loan guarantee from Biden administration. Company's market cap prior to announcement: $2 billion. Wiki. Tentacles everywhere. This is a most interesting story. I think one can opine why this company was given this guaranteed loan from the Biden administration. From the blog:

June 12, 2023: one step closer to the "holy grail." Ford and GM partner wtih Tesla for access to Tesla's superchargers. If Stellantis follows suit, game over. 

Crashed and burned: Blink Charging, EVgo, and ChargePoint;

• Motley Fool notes Tesla partnership with F, GM; says Stellantis could be next;
• closer and closer to the "holy grail": a universal supercharger.
• see this post.