Why QuantumScape Shares Are Falling Today
2020 has been a fantastic year for QuantumScape (NYSE: QS) shareholders, with the stock up more than 300% since the battery maker's public debut in late November. But the year is ending on a sour note, with the shares off about 10% on Thursday due to a pending secondary offering.
QuantumScape is developing a solid-state lithium-metal battery that in theory has a lot of advantages over the lithium-ion batteries currently in use, including lower costs, greater energy storage, and better safety and stability. But the battery is still years away from commercial rollout, and QuantumScape is competing against deep-pocketed companies including Toyota Motor.
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Source Fool.com