Could This $7 Stock Be Your Ticket to Millionaire Status?

QuantumScape (NASDAQ: QS), a developer of solid-state batteries, is a speculative stock. It hasn't commercialized its batteries or generated any meaningful revenue, it's racking up steep losses, yet it already has a market capitalization of $4.6 billion. However, it might still generate millionaire-making gains if it successfully scales its business over the next decade.Image source: Getty Images.QuantumScape's QSE-5 solid-state batteries have an energy density of 844 Wh/L (watt hours per liter) and can be charged from 10% to 80% in 12.2 minutes. By comparison, most lithium-ion batteries for EVs have an average energy density of 300-700 Wh/L with a fast-charging time of 20 minutes to an hour. In theory, QuantumScape's solid-state batteries could make EVs more power-efficient -- but they're also more expensive and challenging to manufacture.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool