Better EV Stock: QuantumScape vs. ChargePoint
QuantumScape (NYSE: QS) and ChargePoint (NYSE: CHPT) represent two different ways to invest in the growing electric vehicle (EV) market.
QuantumScape develops solid-state lithium metal batteries which provide better thermal resistance, faster charging times, and higher maximum capacities than traditional lithium ion batteries. ChargePoint is the largest builder of residential and commercial EV charging stations in North America and Europe.
QuantumScape and ChargePoint both closed at their record highs during the apex of the meme stock mania in December 2020. But today, they're both trading more than 95% below their all-time highs. Let's see why these two EV stocks ran out of juice -- and if they're worth buying now.
Source Fool.com
