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.

Continue reading

Source Fool.com