|Bid||0.00 x 2900|
|Ask||0.00 x 3100|
|Day's Range||9.08 - 10.23|
|52 Week Range||5.11 - 22.21|
|Beta (5Y Monthly)||5.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 15, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.22|
Electric vehicle (EV) battery company QuantumScape (NYSE: QS) got a boost this week thanks to the Federal Reserve. On Wednesday the Fed increased interest rates by just 25 basis points in response to elevated, but slowing, inflation. Electric vehicle stocks have been plummeting over the past year as investors have become worried about a potential recession.
SAN JOSE, Calif., February 02, 2023--QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release 2022 fourth-quarter financial results after market close on Wednesday, February 15, 2023. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.
Tesla's (NASDAQ: TSLA) surprise earnings beat last night was shaking up the electric vehicle (EV) industry this morning, as shares of solid-state batteries researcher QuantumScape (NYSE: QS) tumbled 1.5% through 11:15 a.m. ET, but Tesla's Chinese rivals Nio (NYSE: NIO) and Xpeng (NYSE: XPEV) gained 2.7% and 3.4%, respectively. Tesla surprised investors by reporting $1.19 per share in profits on sales of $24.3 billion -- beating on both the top and bottom lines despite cutting prices on its electric cars over the past couple months.