Is It Too Late to Buy QuantumScape Stock?
QuantumScape (NYSE: QS) stock is up 6% over the past six months, but down 34% from its high-water mark over that span. This is a volatile stock, to put it mildly, noting that the shares have fallen around 95% from their all-time highs, reached in late 2020. Is it too late to invest in QuantumScape? Probably not. But this is not an investment for the faint of heart.
A cynic would say that QuantumScape's business is to spend money. That's because, at this point in time, it doesn't generate any revenue. Basically, the company is trying to build a solid-state lithium-metal battery that it can sell to customers. The key target right now is the electric vehicle (EV) niche of the automobile sector. But management hopes to spread beyond that in the future.
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Source Fool.com
