While Market Bleeds, These 10 Firms Soar

5. QuantumScape Corporation (NYSE:QS)

Quantumscape saw its share prices grow by 8.48 percent on Wednesday to finish at $4.3285 apiece as investor sentiment was fueled by expectations that electric vehicle sales are expected to grow this year amid the looming end of tax credits.

According to a study by Princeton University, President Donald Trump’s “One Big Beautiful Bill Act,” which includes a salient point seeking to end EV tax credits by the end of the year, would likely boost EV sales prior to the end date.

This, in turn, could support sales of QuantumScape Corporation (NYSE:QS), one of the leading EV battery manufacturers in the US.

However, the study said that without EV tax credits, EV sales would decline by 40 percent and planned battery cell manufacturing would result in large overcapacity in the long term, with US production capacity expected to hit 400 GWh per year, well in excess of demand.