Is QuantumScape a Millionaire-Maker Stock?

Luis Morales, The Motley Fool
·5-min read
Is QuantumScape a Millionaire-Maker Stock?

After a successful SPAC acquisition late last year, QuantumScape (NYSE: QS) stock skyrocketed almost four-fold from its first day of trading. QuantumScape is making EVs go longer and cost less. The basic thesis, or reason to invest in QuantumScape, is that it has developed a high-performance, solid-state battery that will let electric cars charge faster, go a lot farther, and become cheaper than the best electric vehicles(EVs) today, and even most gas-powered cars.