Here old servos have the tanks pulled and the sites turned into retail and sometimes residential properties, lots of profit in that. The council in the burb I grew up in even bought one and turned it into a small park. Perhaps with the current battery technology they could built a short time motel on the site in conjunction with the chargers, like those Japanese ones you can rent a room for just a few hours. Then the charge thing might pan out better? You could add a resturant too for those who only want a quick recharge.
This is the part I
really don't understand? With the massive shortage of charging points for all the EV out there, why the hell are many of the charge companies going under? You'd think they would be making out like bandits, it's not like the electricity they sell is cheap! Hey WuzzaCBX, can you or Red05 chime in and explain it for me, I'm spread a little too thin to grasp it.
EV charger leaders, ChargePoint (NYSE:
CHPT) and Blink Charging (NASDAQ:
BLNK) are also in big trouble. CHPT is down 84% over the last year, and BLNK is down 72%. ChargePoint’s CEO and CFO have resigned. Preliminary third-quarter 2023 results for ChargePoint were announced and they show a dramatic drop in revenue and margins for the quarter. Making things worse, ChargePoint wrote down $42M in inventory.
Stellantis and GM charging station partner goes bankrupt
Link
EV Charge Station Maker Charge Enterprises Files Bankruptcy
Link
Elons charge network is doing ok, just fine in fact. But we all know from his company history that it doesn't have to make a profit or even cover expenses. Tesla is a special case, sort of like a protected species.