Where Will QuantumScape Stock Be in 10 Years?
QuantumScape (NYSE: QS), a developer of solid-state lithium metal batteries, initially dazzled investors after its public debut in November 2020. It went public by merging with a special purpose acquisition company (SPAC), and its stock opened at $24.80 on the first day before surging to an all-time high of $131.67 a month later.
But today, QuantumScape stock trades at about $5. It lost its luster as investors realized that it would take years for the company to commercialize its batteries and generate meaningful revenue, while rising interest rates highlighted its ugly losses.
Yet QuantumScape is still a divisive stock. The bulls believe it will soar again as it finally ramps up its commercial shipments, but the bears expect it to be crushed by the competition before that happens. So where could its stock end up in a decade?
Source Fool.com
