Investors are rethinking valuations even as these EV companies continue to make progress growing their businesses.
Let's look at QuantumScape's progress and plans, and discuss whether the stock is a buy. In its latest quarterly results released last month, QuantumScape updated investors on its progress. The company has gotten encouraging results for its 16-layer cells.
SAN JOSE, Calif., April 26, 2022--QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced its financial results for the first quarter of 2022, which ended March 31.