QuantumScape CRASHES 30% in November! Is EV Battery Stock DOOMED Now?
Did you know QuantumScape stock shockingly plunged over 30% in November, wiping out a substantial portion of its 140% year-to-date gains? This dramatic reversal occurred despite the electric vehicle battery innovator's promising progress in solid-state technology and new partnership agreements that had sent shares soaring in September and October. Essentially, November became a "sell the news" month, as investors opted to lock in profits on the highly speculative stock, rather than reacting to any specific negative business developments. While QuantumScape holds about $1 billion in liquidity, projected to last through 2029, its current $7.5 billion market cap primarily reflects future potential, not existing revenue. For more compelling analyses of market trends and speculative investments, subscribe to our channel!
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