Prediction: QuantumScape Will Survive -- and Even Thrive
There's no lack of interest from investors regarding QuantumScape (NYSE: QS) stock. The electric vehicle (EV) battery start-up is trying to solve some of the biggest headwinds to EV sales growth. Range anxiety, charging times, and battery safety are keeping some potential EV buyers on the sidelines.
If QuantumScape's solid-state battery technology solves those issues, the potential market is enormous. That's why it seems QuantumScape stock soars with any sign of success. But proving, implementing, and then commercializing the technology takes time. And each spike in the stock after promising news has given back those gains this year.
While EV sales continue to grow worldwide, the rate of growth has slowed. Yet if QuantumScape can commercialize its next-generation battery technology, several of the concerns among potential EV buyers will be addressed. With EVs recently only representing about 13% of the global light vehicle market, there's a huge market opportunity for QuantumScape. And recent updates from the company show it is closer than ever to achieving its goals.
Source Fool.com
