QuantumScape Stock Is Up 20% Today. Here's Why.
1. QuantumScape shares surged 20% to $9.50, welcoming investor optimism. 2. Company demonstrated battery technology with Volkswagen's PowerCo at a German event. 3. Solid-state batteries promise longer lifespan and faster charging. 4. July's update raised concerns about capital spending but hinted at lower losses. 5. Investor wariness appears reduced after significant stock gains.