QS - Why QuantumScape Stock Was Stalling Today
2024-07-25 11:55:26 ET
Shares of QuantumScape (NYSE: QS) were sliding today after the solid-state battery company posted another loss in its second quarter and demonstrated relatively modest progress in its goal of becoming a viable company and scaling production of quantum batteries, which are more efficient than lithium-ion electric batteries.
QuantumScape has no revenue as the company is a development-stage technology company that's still building its product, but investors want to see it managing its cash burn and making progress toward a viable product.
As of 10:49 a.m. ET, the stock was down 8.3% on the update.
For further details see:
Why QuantumScape Stock Was Stalling Today