Why QuantumScape Stock Sank in December and Continues to Fall
The stock of QuantumScape (NYSE: QS) crashed 23% in December, according to data provided by S&P Global Market Intelligence. QuantumScape stock is already down another 10.9% this month, as of the time of this writing. The passage of President Joe Biden's $1.2 trillion infrastructure bill that earmarked $7.5 billion on building an EV charging network of 500,000 chargers sent EV stocks surging in November.