Reported 3 days ago
QuantumScape Corporation (NYSE:QS) experienced an 8.48% increase in share prices on Wednesday, closing at $4.3285, driven by optimistic investor sentiment over anticipated growth in electric vehicle (EV) sales this year. This optimism stems from the expectations surrounding the potential end of EV tax credits, as highlighted by a Princeton University study suggesting a surge in EV sales before any policy changes. Despite this growth, the study warns of a significant decline in sales by 40% without tax credits, indicating potential overcapacity in battery cell manufacturing in the long term.
Source: YAHOO