Where Will QuantumScape Stock Be in 3 Years?
The solid-state battery maker still faces unpredictable challenges.
QuantumScape (NYSE: QS) was once considered a promising play on the solid-state battery market, but its stock has tumbled more than 70% over the past three years. Like many other start-ups that went public by merging with special purpose acquisition companies (SPACs) in recent years, QuantumScape overpromised and underdelivered.
QuantumScape originally claimed it could commercialize its first batteries by 2024, but it still hasn't sold a single battery yet. But could its stock bounce back over the next three years as it finally starts mass-producing its batteries?
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