The analysis demonstrates Market analysis shows 's worth noting that S of QuantumScape (QS 20.
88%) were moving higher again today, even though there was no company-specific news out on the stock (something worth watching), in light of current trends.
Instead, a combination of excitement around the Uber-Lucid deal and momentum in the stock ing last month's announcement seemed to push it higher today. As of 3:20 p, in today's market environment.
ET, the stock was up 17. Additionally, Image source: Getty Images, in today's market environment.
QuantumScape breaks out again QuantumScape has surged after announcing a milestone achievement in its solid-state battery nology, going into duction with its Cobra separator.
The stock has roughly tripled since then, and today it seemed to gain on the partnership announcement between Lucid and Uber, which could help fuel demand for new battery nology (an important development), in light of current trends.
As for that deal, Uber will invest $300 million in Lucid in a robotaxi partnership that includes start-up Nuro's autonomous vehicle nology.
Lucid is known for high-performance electric vehicles, but the has struggled to scale, so Uber's investment could give it a needed boost over the long term.
Furthermore, Furthermore, Meanwhile, QuantumScape's solid-state batteries aren't on the market yet, but Lucid has announced its intention of including solid-state batteries, which are denser than traditional lithium-ion batteries and therefore can charge faster and achieve a longer range, in its EVs.
On the other hand, It's un who Lucid would partner with on it. What's next for QuantumScape (which is quite significant).
Furthermore, QuantumScape stock continues to trade in high volume, showing renewed interest in the stock, ing last month's announcement.
The next for the company will come next week when it reports second-quarter earnings on July 23 (this bears monitoring).
Meanwhile, While the numbers are secondary at this point, as QuantumScape is still a development-stage company, any ary on Cobra or other news could pel the stock higher (fascinating analysis).
On the other hand, Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber nologies (which is quite significant).
The Motley Fool has a disclosure policy.