Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

QuantumScape's Top Investor Is Partnering With Other Battery Makers: Should You Be Worried?

TheMotleyFool

0 0

QuantumScape's Top Investor Is Partnering With Other Battery Makers: Should You Be Worried?: https://g.foolcdn.com/editorial/images/762453/waiting-for-an-electric-vehicle-to-charge.jpg

QuantumScape (NYSE: QS) was once a red-hot stock. The maker of solid-state batteries went public by merging with a special-purpose acquisition company (SPAC) on Nov. 27, 2020, and its stock opened at $24.80 before soaring to its all-time high of $131.67 less than a month later. But today, QuantumScape trades at about $7.

The stock ran out of juice for three reasons: It wasn't generating any revenue yet, it was racking up steep losses, and the electric-vehicle market was cooling off. Rising interest rates also drove investors away from speculative growth stocks.

Image source: Getty Images.

Source Fool.com

Like: 0

Share