Jul. 23 at 3:36 PM
$QS QuantumScape
QS beat on losses, but shares moved lower. Potential gap fill zone:
$4.70-
$5.31.
Main reason: Volkswagen’s battery unit reduced potential payments to QS from
$131M to
$75M.
QS is expanding into three areas: EV batteries, AI data center power solutions, and advanced applications.
Long-term thesis remains:
• Leading solid-state battery technology
• Lighter batteries with higher energy density
• AI power and backup energy opportunities through
$FLNC partnership
• OEM partnerships with Honda and Volkswagen
• Manufacturing support from Corning
$GLW and Murata
$MRAAY
Q2 billings reached
$21.8M, already above all of last year. Cash remains strong at
$859M.
Pilot production tools are running above 90% uptime as commercialization moves forward.
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