It's made amazing progress. But it's still not making batteries to sell.
QuantumScape is developing battery technology for EVs that could extend their range significantly. The stock has fallen 95% from its peak, and the business has yet to generate revenue.
QuantumScape's new agreement should give it enough cash to get into 2028. Only about 13% of global light vehicle sales have gone electric, so the market remains huge.
QuantumScape's solid-state battery would solve numerous EV challenges. QS' battery technology eliminates anode materials and manufacturing costs.
New data on Thursday suggests that the U.S. economy is slowing. QuantumScape and other EV-related stocks are down on recession fears -- but there are reasons to think the battery startup might ride a recession out.
QuantumScape Corporation: Attractive Upside For Patient Investors
QuantumScape's stock slumped after its latest earnings report. It still expects to post a wider adjusted EBITDA loss this year.
Shares of QuantumScape (NYSE: QS ) stock are taking a tumble after the solid-state battery (SSB) company reported its second-quarter earnings. During the quarter, QuantumScape generated $0 in revenue, as expected.
Equity markets are bouncing back today, finally reflecting some bullish sentiment from investors who have begun to rotate out of growth stocks and into more value-centric parts of the market. Unfortunately for QuantumScape (NYSE: QS ), and other more speculative assets, that hasn't translated into positive price action today.
QuantumScape reported another quarter with no revenue. Management is bullish on its new partnership with Volkswagen's PowerCo. It also said it was on track to complete the Raptor process.
Shares of QuantumScape dramatically underperformed the broader market for most of this year. However, news of a deal with Volkswagen released has sparked some revived investor enthusiasm.
24/7 Insights QuantumScape Corp. (NYSE: QS) trades near a 52-week low.