Why QuantumScape Stock Is Higher Today
Shares of electric-vehicle (EV) battery start-up QuantumScape (NYSE: QS) were trading higher on Thursday, ahead of a technology presentation by strategic investor Volkswagen (OTC: VWAGY) that is scheduled for next week.
As of 1:45 p.m. EST, QuantumScape's stock was up about 10.2% from Wednesday's closing price.
Like stocks of other companies in the electric-vehicle space, QuantumScape shares are probably benefiting from good news on U.S. interest rates, expectations that the Biden administration's upcoming infrastructure bill will include provisions to speed EV adoption, and the recovery of EV stocks led by Tesla following last week's sell-off.
Source Fool.com
