QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power solutions are primarily engineered for electric vehicles (EVs) but also serve a range of other uses within the United States. The company, established in 2010, has its main corporate office located in San Jose, California.

Hettrich Kevin

Holme Timothy

Straubel Jeffrey B

Singh Mohit

QuantumScape stock fell 31% in July after reporting Q2 earnings amid broader market decline in high-risk stocks. The pre-revenue battery technology company announced a strategic shift from manufacturing to licensing its solid-state battery technology to automakers. With $860 million in cash and annual burn rate of ~$300 million, the company has approximately three years of runway before needing additional funding. Management targets 2029 for commercial battery implementation, but the stock has declined 95% from its highs.

Why QuantumScape Stock Collapsed 31% in July

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QuantumScape Corporation Class A Common Stock (QS) Stock Price, Analysis & Trade Signals