By Kuldip K. Ambastha
QuantumScape Corporation (QS) is a leading corporation in the development of lithium-metal batteries to be used in electric vehicles. The corporation seeks to change the landscape of energy storage and make a path towards sustainable energy for the world. Prominent investors in the company include Bill Gates plus Khosla Ventures. The corporation had a volatile trading week, per the table seen above.
Allegations that various investors would be selling a significant number of shares drove the -40.8% loss seen on Monday, January 4, 2021. Corporate management disputed the allegations and have stated that the strong business fundamentals of the corporation have not changed at all. After corporate management comments were released, the stock price partially recovered.
The corporation was founded in 2010. Early battery test results have been promising. At the corporation’s height of popularity, it was valued at $50 billion. The corporation went public in November 2020 through merging with a blank check entity called Kensington Capital Acquisition Corporation. As with many corporations funding innovative technology, the publicly traded stock of this corporation has seen volatility based on the nature of the news on any given day.
Keywords – QuantumScape Corporation, QuantumScape, QS, Kensington Capital Acquisition Corporation, lithium-metal battery, energy storage, sustainable energy, electric vehicle, EV, Bill Gates, Khosla Ventures.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in QS.
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