If You Buy This Industrial Stock Right Now, Could It Make You a Millionaire?
QuantumScape's stock has dropped 95% from its all-time high.
If You Buy This Industrial Stock Right Now, Could It Make You a Millionaire?
Overview
QuantumScape (NASDAQ: QS), a developer of solid-state batteries for electric vehicles (EVs), went public through a merger with a special purpose acquisition company (SPAC) in Nov. 2020. Its stock opened at $24.80 and soared to a record high of $131.67 a month later.
But as of this writing, QuantumScape's stock trades at about $7. It originally planned to commercialize its first batteries in 2024, but it hasn't yet reached that milestone. That sluggish progress drove away its investors, but could it still be a potential millionaire-maker?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
