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ChargePoint, EVgo stocks fall after Tesla and GM ink charging deal

Shares of some electric-vehicle charging companies were moving lower in Friday's premarket trading after Tesla Inc. (TSLA) said it would open its charging network to General Motors Co. (GM) ChargePoint Holdings Inc. shares (CHPT) were down more than 3% premarket, while EVgo Inc. shares (EVGO) were down more than 4%. Blink Charging Co.'s stock (BLNK) was down 0.5%. GM said Thursday that owners of its cars would have access to a network of 12,000 Tesla "Superchargers" within North America. Tesla and Ford Motor Co. (F)previously reached a similar arrangement.

-Emily Bary

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06-09-23 0627ET

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