🔴 EVgo is trading 10.1% down today after Q2 earnings and Tesla partnership reaction

EVgo is trading 10.1% down today at $1.55 as investors digest the company's second-quarter results and a new partnership with Tesla.

• Revenue fell 16% year-over-year to $82.6 million, beating analyst estimates despite management attributing the decline to the normalization of prior one-time fees.
• The company reported a net loss of $0.15 per share and a larger adjusted EBITDA loss compared to the same period last year.
• Investors are weighing current losses against the potential for long-term growth driven by high-margin charging throughput from the Tesla collaboration.