QuantumScape: From Obscurity to the Heights of the Car Industry.
Order Reprints Illustration by Elias Stein QuantumScape’s amazing rise continued this past week, like a gift from a market Santa. Shares of the electric-vehicle battery maker closed at $131.67, up another 39% after rallying 29% on Monday. The stock gained almost 70% over one week, and 390% since going public in late November. On Tuesday, Quantum stock was worth $59 billion, based on fully diluted 448 million pro forma shares outstanding. The company passed rivals, including LG Chem, Samsung SDI, and Panasonic, in market value. One exception: China’s Contemporary Amperex...
Source: barrons.com