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Markets · Investing · Business
Finance
Is QuantumScape a Lost Cause?
The technology works well enough, but its development and execution took far too long.
When QuantumScape(NASDAQ: QS) went public nearly six years ago, the bullish buzz was understandably palpable. Its solid-state lithium battery technology was just the forward leap the electric vehicle (EV) industry was seeking, giving these cars the driving range between recharges they needed.
Shares soared shortly after this company's initial public offering. Ever since its late-2020 peak, however, the stock price has dwindled downward. Its best shot at a reversal came late last year, but the stock has since fallen more than 70% from that peak and is now back within sight of last year's record low.
Details
It's time to admit it. This company isn't going to do what so many investors were hoping it would.
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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.
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