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Why QuantumScape Stock Is Lower Today

TheMotleyFool

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Shares of electric-vehicle battery start-up QuantumScape (NYSE: QS) were trading lower today, amid a wider sell-off of emerging companies in the electric-vehicle space. As of 1:45 p.m. EST, QuantumScape's shares were down about 12.75% from Monday's closing price.

QuantumScape is what we might call a "moonshot" stock. The company has no significant revenue and doesn't expect any for at least a few years -- but it has some groundbreaking new technology that might lead to much improved batteries for electric vehicles.

One key to QuantumScape's technology is a new flexible ceramic material that could make solid-state batteries workable for electric cars. Image source: QuantumScape.

Source Fool.com

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