New Battery Crushes Tesla's Tech

"New Battery Crushes Tesla's Tech" is the heading I read on Yahoo Finance this morning.

- finance.yahoo.com/ne...veils-160816090.html

The article is originally from Benzinga and talks about how QuantumScape has a solid state battery that is significantly better than Teslas.

What caught my interest with this one though is how far the stock has fallen from its bubbly launch highs as well as having Volkswagen mentioned in the article as an investor.

This is SUPER speculative but my dumb way of looking at it is that it wouldn't take much of a move to get a reasonable gain in its overall share price. The price can of course always go lower, but thought it might be worth having a look at to see how it fares in the future.

Definitely not trading advice by any means, but might be one to keep an eye on.

Comment:

From Bard

Yes, Volkswagen is an investor in QuantumScape. As of Q3 2023, Volkswagen was QuantumScape's largest shareholder with a 19.87% stake in the company. Volkswagen has invested a total of $300 million in QuantumScape to date. The company's investment is a vote of confidence in QuantumScape's solid-state battery technology, and it could help QuantumScape to commercialize its technology more quickly.

Comment:

Pretty quick 18%

Comment:

Market seems to like it.

Comment:

Ran 75% all the way up to the $10 mark before pulling back again. Still up 40% which is still a LONG way down from its all time post listing high of $130.