This EV stock is up over 110% in 10 days; time to buy?

Core Insights - QuantumScape has experienced a remarkable stock increase of 110.56% over the last 10 trading days, rising from $7.01 on July 7 to $14.76 on July 18, and has gained over 237% in the past month [1][4] - The surge in stock price was initiated by the announcement of the company moving into production with its Cobra separator, leading to a tripling of the stock price since that announcement [4] - A recent partnership between Lucid and Uber, involving a $300 million investment for a robotaxi partnership, has further fueled investor interest in QuantumScape, despite the company not being directly involved [5][6] Financial Performance - QuantumScape reported a net loss of $114.4 million in the first quarter, with an adjusted EBITDA loss of $64.6 million, aligning with its full-year guidance of $250-280 million in adjusted EBITDA losses [11] - The company is in a development stage and is increasing spending to establish next-generation cell production lines for solid-state battery technology [12] Analyst Sentiment - Wall Street analysts have a cautious outlook on QuantumScape, with a collective "Hold" rating from five analysts, including four holds and one buy recommendation [7] - Analysts project an average 12-month price target of $6.33, indicating a potential 57% decline from current stock levels around $14.79, with forecasts ranging from a high of $8.00 to a low of $5.00 [10]