Shares of QuantumScape (NYSE: QS) were sliding today after the solid-state battery company posted another loss in its second quarter and demonstrated relatively modest progress in its goal of becoming a viable company and scaling production of quantum batteries, which are more efficient than lithium-ion electric batteries.

QuantumScape has no revenue as the company is a development-stage technology company that's still building its product, but investors want to see it managing its cash burn and making progress toward a viable product.

As of 10:49 a.m. ET, the stock was down 8.3% on the update.

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Source Fool.com