Why Did QuantumScape Stock Soar Today?
QuantumScape reported earnings, but something more important was the highlight. QuantumScape (QS +7.95%) wants to revolutionize electric vehicle (EV) battery technology. The company is developing next-generation solid-state lithium-metal battery technology that it hopes will become the EV standard in the coming years. The company just released its third-quarter update, and two important things stood out….