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QuantumScape Stock Is Down on Recession Fears -- but Are They Justified?

TheMotleyFool

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QuantumScape Stock Is Down on Recession Fears -- but Are They Justified?: https://g.foolcdn.com/editorial/images/785586/battery-gettyimages-1312206974.jpg

Shares of electric vehicle (EV) battery start-up QuantumScape (NYSE: QS) were trading lower on Thursday, after new economic data stoked fears of a looming recession in the U.S.

As of 3 p.m. ET, QuantumScape's shares were down about 6.6% from Wednesday's closing price.

Two new data points on Thursday increased Wall Street's worries about a potential recession.

Source Fool.com

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