Motley Fool
Why Lucid, ChargePoint, and QuantumScape Are All Jumping Over 20% This Week
Electric vehicle (EV) stocks are soaring this week. EV maker Lucid Group (NASDAQ: LCID) was up by 30%, charging network company ChargePoint Holdings (NYSE: CHPT) was 24.1% above last Friday’s closing price, and solid-state battery maker QuantumScape (NYSE: QS) was rising by 32.1% for the week, according to data provided by S&P Global Market Intelligence. Many growth stocks were rising this week as investors anticipated — and received — tamer inflation data that spurred hopes that the Federal Reserve would slow, or pause, interest rate hikes.