Why QuantumScape Stock Tumbled This Week
QuantumScape(QS) The Motley Fool·2024-11-01 15:00
An updated presentation from QuantumScape brought investors back down to earth this week. Electric vehicle (EV) battery technology company QuantumScape (QS 3.69%) provided a business update last week and investors liked what they heard. The stock shot higher by more than 20% on that news. But reality set in this week as investors acknowledged there's still a long road for QuantumScape's technology to be commercially viable. That's led to a sharp decline in the stock this week. As of Friday morning trading, ...