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Why Albemarle, ChargePoint, and QuantumScape Fell This Week

Billy Duberstein, The Motley Fool
·4 min read
Why Albemarle, ChargePoint, and QuantumScape Fell This Week

Shares of electric vehicle ecosystem participants Albemarle (NYSE: ALB), ChargePoint Holdings (NYSE: CHPT), and QuantumScape (NYSE: QS) fell hard this week, declining 11.9%, 12.2%, and 10.9%, respectively, according to data provided by S&P Global Market Intelligence. In addition, Tesla's (NASDAQ: TSLA) first-quarter deliveries data released last weekend appeared to disappoint more hopeful investors in the EV space. Albemarle is a lithium processor, the key material in lithium-ion batteries that power EVs.

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