Reported 3 days ago
QuantumScape (NYSE: QS), a company specializing in solid-state lithium-metal batteries, has seen its stock plummet from a peak of $131.67 to around $5 due to delays in commercialization and ongoing losses. While analysts are divided, with some believing in the company's long-term potential backed by Volkswagen, others warn of continuing challenges in production and competition. As QuantumScape transitions to its new battery production process, expectations for significant revenue remain distant, leading some to suggest selling or avoiding the stock until clearer signs of recovery are evident.
Source: YAHOO