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1 Growth Stock Down 95% You'll Wish You'd Bought on the Dip

TheMotleyFool

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1 Growth Stock Down 95% You'll Wish You'd Bought on the Dip: https://g.foolcdn.com/editorial/images/757744/man-using-mobile-phone-while-charging-electric-car.jpg

QuantumScape (NYSE: QS) was one of the hottest electric vehicle (EV) stocks of 2020. The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020, and its stock opened at $24.80 on its first trading day before skyrocketing to an all-time high of $131.67 on Dec. 22.

But today, QuantumScape trades 95% below that level at about $7 per share. Let's see why its stock crashed -- and why you might regret not buying this dip.

Image source: Getty Images.

Source Fool.com

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