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QuantumScape's focus in Q1 2022 reporting is about solid-state battery technology development.
Investors are hungry for commercial outcomes from solid-state batteries as electric vehicles take off.
The competitive landscape indicates that companies like Tesla are on track to produce lithium batteries with similar performance to that claimed to be achievable by solid-state batteries.
It seems doubtful that QuantumScape will have announcements in 2022 that might prevent further share price erosion.