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-0.00162570526919761 -0.00162570526919761 0.00124318638232762 0.00124318638232762 -0.00147269771444962 -0.00162570526919761 -0.00736348857224825 -0.0102323802237735
Stock impact report

Why QuantumScape Stock Tumbled This Week [Yahoo! Finance]

QuantumScape Corporation Class A (QS) 
Company Research Source: Yahoo! Finance
The stock shot higher by more than 20% on that news. But reality set in this week as investors acknowledged there's still a long road for QuantumScape's technology to be commercially viable. That's led to a sharp decline in the stock this week. As of Friday morning trading, QuantumScape shares were lower by about 14% for the week, according to data provided by S&P Global Market Intelligence Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Last week the company announced it has achieved one of its most important goals for 2024. QuantumScape is working to develop a commercially viable solid-state battery that would improve electric vehicle performance in several ways. It has now fulfilled one short-term goal by shipping samples planned for its first commercial product to automakers for testing. The battery cell's solid-state engineering results in higher energy density to allow for a less-than-15-minute fast-charging cap Show less Read more
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