Opinions Jim Cramer - Mad Money
QuantumScape QSDON'T BUYJun 17, 2024
Jim Cramer - Mad MoneyStock price when the opinion was issued
As of Jun 04, 2026. Market Open.
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Premium contentQuantumScape (QS) is a company at the forefront of the energy storage industry. Specializing in the development of solid-state lithium-metal batteries, the company aims to revolutionize electric vehicle (EV) energy storage. By providing batteries that offer higher energy density, quicker charging times, and longer lifecycle than traditional lithium-ion batteries, QuantumScape aspires to become a game-changer in the EV market. However, as an emerging company in a highly competitive and fast-evolving sector, QuantumScape’s stock performance remains closely watched by investors. Social media mentions are up 2470% in the past 24h.
They're trying to produce the first solid-state lithium battery for EVs. This stock has huge potential as it partners with Tesla.
It went public in Nov. 2020, a time when anything EVs rallied. This jumped 50% when it IPO'd. Hype. Then, shortsellers called it a scam. The company hasn't made money or profits. No revenues. By late 2022, shares were obliterated along with many EV shares of this era like Lordstown Motors.