Why Did QuantumScape Stock Soar Today?
QuantumScape (NYSE: QS) wants to revolutionize electric vehicle (EV) battery technology. The company is developing next-generation solid-state lithium-metal battery technology that it hopes will become the EV standard in the coming years.
The company just released its third-quarter update, and two important things stood out. That led investors to jump into the stock today. QuantumScape shares soared 14% higher at the peak, and still retained a gain of 10.2% as of 1:52 p.m. ET.
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Source Fool.com
