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Why Shares of QuantumScape Are Tumbling Today

Why Shares of QuantumScape Are Tumbling Today

For the first three days of this week, investors were charged up about the prospects of solid-state battery company QuantumScape (NYSE: QS), and bid up its shares. As of 12:25 p.m. ET, shares of QuantumScape were down by 9.1%. Downgrading QuantumScape to underperform from peer perform, analyst Rod Lache of Wolfe Research has become considerably bearish on the stock.