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