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Why QuantumScape Stock Exploded This Week

·2-min read

The stock of the electric vehicle (EV) battery maker has staged a remarkable recovery since, regaining almost 50% in value. Ironically, QuantumScape's latest announcement isn't really encouraging, but investors are clearly focused elsewhere and see promise in the stock. After releasing its second-quarter numbers on July 29, QuantumScape also filed for a $1 billion mixed-securities shelf offering.