Is QuantumScape Stock a Buy Now?
Early investors in electric vehicle (EV) battery start-up QuantumScape (NYSE: QS) haven't had the greatest ride. The start-up went public via a merger with a special-purpose acquisition company (SPAC) in 2020, and its stock promptly soared to a valuation of about $54 billion.
That was despite that fact that QuantumScape had no meaningful revenue. But what it did have was a possible pathway to a new type of EV battery that could offer huge advantages over current lithium-ion cells.
Investors surged into the stock -- and then bailed out when it became clear that even if all went well, QuantumScape wasn't likely to be profitable for at least several years. Its market cap is now just north of $2 billion.
Source Fool.com
