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These 3 Investments Are Better Options Than QuantumScape QS stock appears to be falling further. Discretion may be the better of valor. May 7, 2021, 3:27 pm EDT May 7, 2021
QuantumScape (NYSE:
QS) was a long-term home run under $42 a share. A month later, QS stock is down almost 32% as I write this and 64% year-to-date.
Source: Michael Vi / Shutterstock.com
While I think the company’s vision for next-generation solid-state lithium-metal electric batteries is completely righteous, not everyone feels the same. Especially not Scorpion Capital, whose short report in mid-April was a big reason for its April monthly decline.
As much as I want to say, “It was a buy below $42, so at $33, it’s a screaming buy,” I understand that
These 3 Investments Are Better Options Than QuantumScape InvestorPlace 5/7/2021
On April 10, I said that
QuantumScape (NYSE:
QS) was a long-term home run under $42 a share. A month later, QS stock is down almost 32% as I write this and 64% year-to-date. © Provided by InvestorPlace A sign for QuantumScape (QS).
While I think the company’s vision for next-generation solid-state lithium-metal electric batteries is completely righteous, not everyone feels the same. Especially not Scorpion Capital, whose short report in mid-April was a big reason for its April monthly decline.
As much as I want to say, “It was a buy below $42, so at $33, it’s a screaming buy,” I understand that
Meanwhile, General Motors surged 9.6%. GM make sup 8.2% of FTXR, 7.6% of CARZ and 3.1% of IDRV.
In a sign of increased interest for autonomous technology, Microsoft joins several others companies investing over $2 billion into General Motors” startup Cruise, bringing Cruise’s valuation to $30 billion, compared to an estimated $19 billion back in spring 2019, the Wall Street Journal reports.
General Motors is the majority stakeholder in Cruise. Cruise also includes stakeholders Honda Motors Co. and other institutional investors.
Cruise will utilize Microsoft’s Azure cloud-computing service to roll out its autonomous-vehicle services. The company been testing driverless vehicles around San Francisco and expects an eventual robot-taxi service. The startup also wants to dabble into commercial deliveries.
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