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,
+4.06%
said it would open its charging network to General Motors Co.
GM,
+1.06%
ChargePoint Holdings Inc. shares
CHPT,
-13.22%
were down more than 3% premarket, while EVgo Inc. shares
EVGO,
-11.72%
were down more than 4%. Blink Charging Co.’s stock
BLNK,
-10.64%
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,
+1.18%
previously reached a similar arrangement.