QuantumScape Corp - Ordinary Shares - Class A Stock News

In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss the latest with QuantumScape (QS -3.09%), including our expectations for the company in a year from now.

QuantumScape: Waiting For A  Major Breakthrough In 2025

Electric vehicles (EVs) could be a game changer for transportation, but the technology still faces barriers to wider adoption. One common criticism is that they take too long to charge, and another is that their range (the number of miles a car can travel on a single charge) is too small.

QuantumScape (QS 6.84%), a developer of solid-state lithium-metal batteries, went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020. Its stock started trading at $24.80 on the first day and soared to a record high of $131.67 less than a month later.

QuantumScape (QS 1.64%) and NuScale Power (SMR 2.79%) are both trying to disrupt older energy industries with their newer technologies. QuantumScape is developing solid-state batteries that could replace lithium-ion batteries, and NuScale is developing small modular reactors (SMRs) that could revolutionize nuclear power.

Shares of Enovix Corp (NASDAQ:ENVX) are down 5.1% at $8.52 at last check today, amid the departure of CFO Farhan Ahmad and an ongoing search for a replacement.

If you're an investor with a healthy appetite for risk, and are looking for potentially massive long-term investments, QuantumScape (QS -0.81%) and Rivian Automotive (RIVN 1.20%) should be two stocks on your radar. Both could end up explosive, in a good way, or burn a hole in your pocket.

This year hasn't been a great one for shareholders of most electric vehicle (EV) stocks. While the S&P 500 is up since the end of 2023, the S&P Kensho Electric Vehicles Index is down for the same timeframe.