Reported about 12 hours ago
QuantumScape, aiming to revolutionize electric vehicle batteries with solid-state technology, has made significant progress but remains unprofitable and is 96% below its peak stock price. The company has partnered with Volkswagen, experiencing promising battery test results, but faces challenges as it continues to burn cash while scaling production. Analysts predict it won't generate positive income until 2029, making investments in QuantumScape speculative and risky, suggesting cautious consideration before purchasing its stock.
Source: YAHOO