Should You Buy QuantumScape While It's Below $7.50?

Electric vehicles (EVs) aim to transform transportation. However, like any groundbreaking technology, EV batteries have hurdles to overcome before EVs become widely adopted. Some common criticisms of EVs center around their long charging times and shorter driving range compared to gas-powered vehicles.That's where QuantumScape (NYSE: QS) comes in. The company is dedicated to engineering batteries that overcome the obstacles current lithium-ion batteries face and make EVs more appealing to consumers. Earlier this year, QuantumScape made headlines with excellent results during an endurance test of its battery. It has also secured funding to extend its runway and recently hit a significant milestone with the shipment of its B-sample cells for further testing.QuantumScape is making progress, but the stock is 96% below its peak price from four years ago and near an all-time low. While its low price may make it seem appealing, there are some things you should know if you're considering scooping up the stock today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool