Why QuantumScape Shares Dropped Today
QuantumScape (NYSE: QS) released a fresh update on its progress toward commercializing its electric vehicle (EV) battery technology, but investors don't seem to be impressed. QuantumScape shares dropped nearly 6% Friday morning and remained lower by 3.5% as of 2:05 p.m. ET. Late last year, QuantumScape shipped its first 24-layer prototype battery cells to customers, including EV manufacturing partners.