QuantumScape Stock Plunged 29% in the First Half of 2024, But Is Up 27% This Year: What's Going On?

Don't let that headline confuse you: QuantumScape (QS -2.19%) stock's wild ride this year is a story worth diving into. QuantumScape is building solid-state batteries that are lighter, safer, more energy-dense, and can recharge quicker than the traditional lithium-ion batteries that power most EVs on the roads today. So why did QuantumScape stock still fall in the first half of 2024? Fears of a slowdown in the global EV industry are largely to blame. Why QuantumScape stock is up 78% in July PowerCo has been ...