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Stock impact report

Why ChargePoint Stock Is Jumping Today [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
The company's share price was up 5.6% as of 3:45 p.m. ET, even though the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) were both down 0.4%. ChargePoint stock is gaining ground today on the heels of Tesla publishing its delivery and production numbers for Q4 2024. While Tesla's Q4 delivery and production performance for the period came in below the average analyst estimate, the results were better than some investors had feared. What do Tesla's Q4 deliveries numbers mean for ChargePoint? Tesla's production and delivery numbers are viewed as a bellwether for the broader electric vehicle (EV) industry. Over the last month, investors and analysts had become increasingly bearish on the company's Q4 performance. While the EV leader's fourth-quarter numbers came in below the average Wall Street target, they weren't as bad as some investors had feared. Tesla reported that it had delivered 495,570 vehicles and produced 459,000 vehicles in Q4 last year. The pe Show less Read more
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