Why QuantumScape, Lucid Motors, and Nikola Rallied on Friday
Shares of QuantumScape (NYSE: QS), Lucid Motors (NASDAQ: LCID), and Nikola (NASDAQ: NKLA) rose Friday, ending the session up 1.9%, 5.2%, and 8.5%, respectively.
QuantumScape is a pre-revenue company innovating solid-state electric vehicle (EV) batteries that are supposed to be a big improvement over today's lithium-ion batteries. Lucid is a luxury EV and powertrain manufacturer, and Nikola is an early-stage electric and hydrogen-powered truck manufacturer.
What these companies all have in common is that as they invest in building the future of clean energy transportation, they are still losing hundreds of millions of dollars every quarter. That means they need demand to remain strong, and for capital markets to loosen in case they need to raise more funds.
Source Fool.com
