Why Nio, QuantumScape, and ChargePoint Tanked in December
Investors in the electric vehicle (EV) sector had a bad final month of 2022. Chinese EV maker Nio (NYSE: NIO), battery developer QuantumScape (NYSE: QS), and charging network company ChargePoint (NYSE: CHPT) all dropped more than 20% in December. Nio lost 23.7%, QuantumScape 24.3%, and ChargePoint dropped 23.3%, according to data from S&P Global Market Intelligence. Those poor monthly returns capped off what was an extremely poor year for all three.
Source Fool.com