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Why QuantumScape Stock Headed Lower Today

TheMotleyFool

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Why QuantumScape Stock Headed Lower Today: https://g.foolcdn.com/editorial/images/766486/ev-electric-vehicle-solid-state-battery.jpg

Shares of Quantumscape (NYSE: QS) had a down day Thursday even as the broader market rallied.

While there was no company-specific news about the solid-state battery maker, traders apparently reacted to disappointing earnings reports from Rivian (NASDAQ: RIVN) and Lucid (NASDAQ: LCID). Quantumscape shares closed Thursday down by 3.6% after having been off by as much as 5% earlier in the session. Meanwhile, shares of both of those unprofitable EV start-ups fell by double-digit percentages.

Image source: Getty Images.

Source Fool.com

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