Why QuantumScape Stock Collapsed 31% in July

Shares of QuantumScape (NASDAQ: QS) fell 31% in July, according to data from S&P Global Market Intelligence. The battery technology outfit had a rough month after reporting its Q2 earnings, amid a decline in stock prices across high-risk areas of the stock market.After a brief rise at the start of August, QuantumScape now trades at $6 per share and is down 95% from its highs. Here's why it was falling again in July. After going public in 2020, QuantumScape stock rose during the COVID-19 electric vehicle (EV) bubble, before slowly falling back to earth. The company has been working for years on a solid-state battery technology for EVs, which promises better performance and less fire safety risks compared to current liquid lithium-ion systems.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool